Network International (Network), a leading fintech company in the Middle East and Africa, has announced a strategic partnership with CredibleX, a pioneering working capital finance platform for Small and Medium Enterprises (SMEs), to enhance access to financing for SME merchants across the UAE.
This partnership brings CredibleX’s lending solutions onto Network’s digital lending marketplace, enabling SME businesses to access loan offers through a fully digital experience.
By leveraging real-time transaction data, Network’s digital lending marketplace simplifies credit assessment and facilitates faster, seamless access to loans. This removes the complexities of lengthy application processes and extensive paperwork.
The company said that the eligible SMEs can explore multiple financing options, receive personalized loan offers from CredibleX, and complete the entire loan journey, from application to disbursement, within a single interface.
Network-CredibleX Partnership to Simplify Access to Financing
Jamal Al Nassai Group MD – Merchant Services (MENA) Network International
“We’re pleased to partner with CredibleX to expand the range of lending solutions available to our merchants. At Network, we are committed to enabling growth for SMEs through innovative, customer-centric solutions. Our Digital Lending Marketplace is a key step in that direction, designed to give SMEs faster and easier access to financing through a fully digital and seamless experience.”
According to the statement, CredibleX’s lending solutions on Network’s digital lending marketplace offer a transparent and easy-to-understand financing structure that uses real-time merchant transaction data to ensure simple repayment terms without hidden costs, empowering merchants with quick, transparent, and hassle-free access to working capital.
Anand Nagaraj, CEO and Co-founder of CredibleX, stated that, “The collaboration with Network International is set to revolutionise SME lending in the region, making financial access faster, smarter, and more efficient.”
“We believe that access to capital is one of the biggest challenges facing small businesses, and our goal is to change that by supporting entrepreneurial growth. Leveraging decision-making insights from the Network platform, our embedded lending model streamlines the repayment process and provides businesses with the financial flexibility to support growth,” Nagaraj added.
