Numou, a subsidiary of ADGM, has launched Procurement Financing, a new initiative aimed at helping SMEs with government or corporate contracts access funding.
The solution links confirmed contract demand with financing via Numou’s digital platform, addressing the funding gap SMEs often face when executing government contracts.
The programme allows SMEs to secure funding while enabling lenders to assess businesses based on confirmed contracts.
Numou’s digital lending marketplace includes fintech lenders such as CredibleX, Erad, Klubwork, Ahbi, Zelo and FlapKap, alongside government programmes like the Khalifa Fund for Enterprise Development’s Abu Dhabi SME Champions Program.
Mohamed Al Binali, General Manager of Numou, said:
“The Procurement Financing initiative aims to ensure that small businesses with government or corporate contracts no longer run into cash flow issues, empowering them to deliver immediately.”
The SME Data Warehouse will aggregate data from government entities, corporate partners and financial institutions, providing lenders with real-time insights and reducing reliance on traditional collateral and financial statements.
The platform is intended to support more efficient, data-driven credit decisions and strengthen the UAE’s SME ecosystem.
By linking financing directly to contractual opportunities, Numou aims to provide a more data-driven approach to SME lending, supporting economic diversification and private sector resilience in the UAE.
Featured image credit: ADGM
