Numou, a subsidiary of ADGM, the financial center of Abu Dhabi, has announced an expansion of its lending partner network.
The platform has partnered with institutions, including the Khalifa Fund for Enterprise Development, Credible-X, Klubworks, and NymCard Payment Technologies, to transform SME financing in the UAE.
Through a single standardised online application, SMEs can connect with multiple lenders, saving time and effort while gaining visibility into loan terms, interest rates, and turnaround times.
For financial institutions, the platform streamlines credit assessment and facilitates innovative partnerships aimed at developing SME-focused financial solutions.
Arvind Ramamurthy, Chief Market Development Officer at ADGM, said,
“This platform simplifies access to critical financing, fostering sustainable growth and strengthening the UAE’s position as a global hub for business and investment.”
Khalifa Al Zaabi, General Manager of Numou, added,
“By bringing together a comprehensive suite of lending options on a single platform, we’re enabling businesses to access the capital they need to grow faster and more efficiently.”
Numou is actively expanding its network to include both digital and traditional banks, ensuring SMEs have access to a wide range of financing options.
The platform also plans to introduce supply chain financing and equity financing, offering greater flexibility and access to capital.
Featured image credit: edited from freepik
