Singapore-based Incomlend, a global invoice financing marketplace for SMEs, has opened a new office in Dubai, a move marking its global expansion.
The proximity advantage of having a physical presence in the UAE allows Incomlend to better serve its existing customers, which is a key milestone in its expansion strategy. It will expand its invoice financing marketplace and non-recourse working capital solutions to more businesses in the Middle East and nearby regions such as North Africa, Europe, and South Asia.
Incomlend has appointed Mr. Loic Hennocq, previously Head of Operations at Incomlend, as the General Manager of its Dubai office, recognizing the huge market potential and unmet financial demands in the Middle East.
“As a regional financial hub and a leader in the fintech space, we see the immense opportunity for Incomlend to grow the business in the UAE and the Middle East region. We will be closer to markets like India, Bangladesh, and Turkey, where trade activities abound. With our office opening in Dubai, we now have our ears on the ground to better support more SMEs in the region. We continue the mission to deliver competitive and alternative working capital solutions to more quality SMEs and support their growth.”
Mr. Hennocq commented that “Incomlend is a company with proven experience in the UAE. Given the global trade climate, expanding into the Middle East was a natural move that has always been a part of our global growth strategy. I am excited to lead the team in the region and look forward to growing Incomlend as a trusted and reliable fintech partner to more SMEs through our tech-enabled working capital solutions.”