Mubadala Leads $15M Series A in UAE’s Fintech Pioneer CredibleX

Mohammed Fathy

Last updated 6-05-2026

4 min

CredibleX secured Mubadala-led Series A funding within a broader $15m raise.

The ADGM-licensed lender embeds finance into partner platforms via APIs.

It already has a $100m credit facility to scale SME lending.

Funds will expand technology, partnerships, and flexible SME funding.

Backers see it strengthening the UAE’s financial ecosystem, despite fierce competition.

CredibleX, a UAE-based SME lender, has secured fresh capital in a Series A round led by Mubadala Investment Company, with participation from existing backer Further Ventures. The round forms part of a broader $15 million equity raise and signals growing institutional confidence in the country’s fast-evolving embedded finance space.

For anyone building or backing startups in the UAE, this move feels spot on. Access to working capital is still, well… a bit of a faff for many small businesses. And SMEs are not a side note in this economy, they are at its heart.

Founded in 2023, CredibleX operates under a licence from the Financial Services Regulatory Authority (FSRA) at Abu Dhabi Global Market. In just a few years, it has positioned itself as a leading embedded finance lender in the UAE, working with more than 70 distribution partners. Rather than relying solely on direct channels, the company plugs its financing solutions into partner ecosystems through APIs. In simple terms, it allows SMEs to access funding where they already do business.

That embedded model is the twist. Instead of asking founders to chase banks and juggle paperwork, CredibleX integrates revenue-based financing, receivables financing and payable financing directly into partner platforms. I’ve seen how draining cash flow gaps can be for early-stage companies, one delayed invoice and everything wobbles. Solutions that meet founders where they already operate make a real difference.

The company’s momentum has been building. In September 2025, CredibleX secured a $100 million senior secured credit facility, giving it the firepower to significantly scale lending across the UAE. This latest equity round strengthens its capital base further and will be used to expand both its lending and non-lending lines, enhance its technology and data capabilities, and grow its partner distribution network.

Anand Nagaraj, CEO and co-founder of CredibleX, described the investment as a strong endorsement of the firm’s vision to transform SME financing through embedded finance. He noted that the backing would help the company expand its platform and offer more flexible, transparent funding aligned with the real needs of businesses.

From Mubadala’s side, Ali Eid AlMheiri, Executive Director of Diversified Assets within the UAE Investments Platform, said the investment, made through Mubadala’s MENA Venture Capital Fund, reflects a shared aim to empower SMEs with faster and more inclusive access to credit. He added that CredibleX aligns with Mubadala’s wider objective of strengthening the financial ecosystem and supporting sustainable economic growth across the UAE and the region.

Further Asset Management, which has supported CredibleX since inception, also welcomed Mubadala’s entry into the round. Managing Partner Faisal Al Hammadi said the deal validates both the embedded finance opportunity in SME credit and CredibleX’s ability to execute at scale.

Mubadala, which manages a global portfolio valued at around $385 billion, has been increasingly active in technology and innovation-focused investments. Backing a homegrown fintech lender regulated within ADGM fits neatly into its strategy of catalysing high-impact sectors in the UAE.

On the flip side, embedded finance is becoming a crowded space globally. Competition is fierce, and underwriting SME credit in uncertain markets is never without risk. That said, being regulated by the FSRA and armed with a sizeable credit facility does give CredibleX a stronger footing than many early-stage fintechs.

For readers of Arageek who track the region’s startups closely, this is another example of how serious capital is flowing into infrastructure, not just flashy apps. And believe it or not, infrastructure plays are often the quiet giants in the making.

I reckon if CredibleX can keep its credit quality tight and partnerships strong, it could become a foundational layer in the UAE’s SME ecosystem. The challenge now is scaling sustainably, no small task, but definately one to watch.

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