NEO PAY, the UAE-based digital payments and merchant solutions provider, has entered into a strategic partnership with CredibleX to enhance access to working capital for small and medium enterprises (SMEs) across the UAE.
The collaboration integrates CredibleX’s flexible financing solutions into NEO PAY’s advanced payments ecosystem, enabling merchants to access financing directly through their Point of Sale and eCommerce transaction data.
By leveraging real-time revenue stream insights from NEO PAY’s platform, the partnership simplifies credit assessment, accelerates approval timelines, and provides seamless access to SMEs. This helps SMEs to manage cash flow, invest in inventory, fund growth, and expand their businesses.
NEO PAY and CredibleX Pave the Way for Smarter, Faster Financing
Vibhor Mundhada, CEO of NEO PAY, commented that, “Our collaboration with CredibleX represents a leap toward shaping the future of SME financing in the UAE. By merging payments and lending into one intelligent ecosystem, we are redefining how businesses access capital, fostering innovation, and driving sustainable growth across the region.”
Ahmad Malik, Co-Founder of CredibleX, noted that, “Our partnership marks another milestone in our journey to make embedded SME financing more inclusive and accessible. By combining its robust payment infrastructure with our lending platform, we’re redefining how businesses access working capital, making financing faster, smarter, and simpler.”
According to the statement, the new partnership delivers a seamless, fully digital financing experience for NEO PAY merchants, enabling quick disbursals. Leveraging the CredibleX scoring engine, financing solutions are customized to each merchant’s cash flow and sales cycle, with flexible repayment structures aligned to business performance.
