CredibleX Raises $55M for Startups
This is a news story, published by TechCrunch, that relates primarily to AED news.
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•Revenue-based financing startups continue to raise capital in MENA, where the model just works | TechCrunch
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CredibleX has raised a $55 million Seed financing round in order to take advantage of the booming market for revenue financing in the Middle East .
The company partners with large aggregators and then goes after SMEs in their vertical ecosystem.
It claims to have so issued over AED 100 Mn (US$ 27Mn ) to SMEs.
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