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- CredibleX announced its Series A round led by Mubadala as part of a broader USD 15 million equity raise.
- The company provides SME working capital financing in the UAE through its digital embedded finance platform.
- The funding will support CredibleX’s expansion across lending, partner distribution, marketplace growth, and technology capabilities.
CredibleX, a UAE-based licensed SME lender, has announced its Series A funding round led by Mubadala Investment Company, with participation from existing investor Further Ventures. The round comes as part of a broader USD 15 million equity raise, aimed at accelerating access to working capital financing for small and medium-sized enterprises across the UAE.
The investment marks a significant milestone for CredibleX as it continues to strengthen its position in the UAE’s embedded finance and SME lending market.
Expanding Access to SME Financing Through Embedded Finance
Founded in 2023, CredibleX provides SMEs with fast access to working capital through its digital lending platform. The company focuses on embedded partnerships, allowing it to scale efficiently through distribution partners and SME networks.
CredibleX currently works with more than 70 distribution partners and is regulated by the Financial Services Regulatory Authority (FSRA) at Abu Dhabi Global Market (ADGM).
The company offers a full suite of working capital financing solutions, including:
- Revenue-Based Financing
- Receivables Financing
- Payable Financing
These solutions are designed to help SMEs access flexible financing that matches their cash flow and business needs.
Mubadala Leads CredibleX Series A Round
The Series A round was led by Mubadala Investment Company, Abu Dhabi’s sovereign wealth fund, through its MENA Venture Capital Fund. The investment reflects Mubadala’s focus on supporting high-growth sectors, financial innovation, and companies that expand access to finance across the UAE and the wider region.
The round also included participation from Further Ventures, an existing investor in CredibleX.
CredibleX is led by co-founders Anand Nagaraj, Ahmad Malik, and Hassan Reda, who bring experience across global banks, fintech companies, and digital platforms.
Building on Strong Lending Momentum
The new investment follows CredibleX’s earlier financing milestone in September 2025, when the company secured a USD 100 million senior secured credit facility. That facility enabled CredibleX to expand its lending operations and increase access to financing for SMEs across the UAE.
With the Series A funding, CredibleX plans to continue growing both its lending and non-lending business lines. The company will also use the capital to strengthen its embedded finance infrastructure, scale its lending marketplace, expand partner distribution, and enhance its technology and data capabilities.
Supporting the UAE’s SME Ecosystem
Commenting on the round, Anand Nagaraj, CEO and Co-Founder of CredibleX, said:
“We are delighted to welcome Mubadala as a lead investor in our Series A round. This milestone represents strong validation of our vision to transform SME financing through embedded finance. SMEs are at the heart of the UAE economy, and this investment will enable us to significantly expand our platform, scale our partnerships, and continue delivering flexible, transparent financing solutions aligned with real business needs.”
Ali Eid AlMheiri, Executive Director, Diversified Assets, UAE Investments Platform at Mubadala Investment Company, said:
“We are pleased to partner with CredibleX, as part of Mubadala’s MENA Venture Capital Fund. The company is playing a critical role in expanding access to innovative financial solutions. Our investment reflects a shared commitment to empowering small and medium-sized enterprises in the UAE and the region with faster, more inclusive credit, strengthening the broader financial ecosystem and supporting sustainable economic growth. The company exemplifies our broader objectives under Mubadala’s UAE Investments portfolio to catalyze innovation, expand access to finance, and scale high-impact sectors.”
Faisal Al Hammadi, Managing Partner at Further Asset Management, added:
“We’re pleased to welcome Mubadala as lead investor in this round a strong validation of the embedded finance opportunity in SME credit and CredibleX’s ability to execute at scale. We’ve backed the company since inception and see them emerging as a foundational player in the region’s credit ecosystem.”
CredibleX Strengthens Its Role in UAE Fintech
The Series A round positions CredibleX to play a larger role in the UAE’s fintech and SME financing landscape. By combining embedded finance infrastructure, digital lending solutions, and a growing partner network, the company aims to make working capital more accessible, faster, and better aligned with the needs of SMEs.
As access to finance remains one of the key challenges for small and medium-sized businesses, CredibleX’s model reflects the growing role of fintech platforms in supporting business growth and strengthening the broader financial ecosystem in the UAE
