Comfi and Wafeq Unite to Boost UAE SMEs with Instant Invoice Financing

In an interesting move designed to turbocharge cash flow for small businesses across the UAE, Comfi has teamed up with Wafeq—one of the GCC's swiftest-growing accounting software firms—to integrate invoice financing into everyday business operations.

Basically, businesses using Wafeq can now quickly turn their outstanding invoices into cold, hard cash—in fact, they can access up to AED 2 million of additional liquidity, without having to jump through endless hoops or disrupt their usual selling processes. I've always thought waiting around for cash to come in can feel like watching paint dry, especially if you've got payroll deadlines looming. It seems this partnership aims to tackle that exact headache head-on.

Sanjar Samiev, CEO of Comfi, sums it up neatly: "This partnership is about giving SMEs more control, more liquidity, and more tools to grow. We’re embedding financing right where it belongs—into the daily tools businesses already use."

As I've spotted over on Arageek, the partnership is already kicking off with a solid $5 million pledge from Comfi for invoice financing exclusively through Wafeq's platform to support UAE SMEs. And honestly, it's refreshing to see solid financial backing kicking in right from the get-go.

But Comfi and Wafeq aren't stopping there. They're already eyeing up the future, too, where Wafeq customers will soon be able to slap "Pay Later" options straight onto their accounts. This essentially lets clients buy on credit, while suppliers still get paid upfront—risk-free. If that's not music to an SME's ears, I don't know what is.

This development fits neatly into Wafeq's broader plan of simplifying financial operations for SMEs across the UAE and Saudi Arabia, allowing them to manage the nitty-gritty stuff like invoicing, payroll, taxes, and compliance effortlessly. Maher Aoun, VP of Sales and Business Development at Wafeq, emphasised their approach: "By integrating Comfi’s credit infrastructure, we’re creating a seamless ecosystem where companies can sell, get paid, and extend credit—all in one place."

For those who've not come across them, Comfi specialises in helping suppliers offer credit intelligently to their customers while guaranteeing immediate and risk-free payment upfront. On the flip side, Wafeq is fast becoming the go-to, cloud-based financial software platform that keeps SMEs fully compliant with local UAE and Saudi financial regulations, all neatly in one place.

All in all, this partnership might just make the typical cashflow struggles faced by SMEs less daunting. Because let's face it—nobody enjoys stressing over late payments when they'd rather be grabbing some shawarma on a lunch break.

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