CredibleX Secures $55M in Seed Funding to Empower SMEs

UAE-based CredibleX, a fintech platform providing lending solutions for SMEs, raised $55M in Seed funding. Further Ventures led the equity investment, while Kilgour Williams Capital, and others provided debt financing.

Founded in 2023 by Ahmad Malik, Anand Nagaraj, and Hassan Reda, the funds will enhance CredibleX’s mission of boosting financial access for small and medium-sized enterprises.

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Credible X Limited is regulated by the Financial Services Regulatory Authority (“FSRA”) in the Abu Dhabi Global Market (“ADGM”) under permission number 220134 and holds a Category 2 license for Providing Credit, a Category 3 license for Providing Money Services and a Category 4 license for Operating a Private Financing Platform. Credible X Limited’s registered address is Unit 12-1701, Level 17, Tamouh Tower, Tamouh, Al Reem Island, Abu Dhabi, United Arab Emirates.
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