QDB initiates 2nd stage of ‘NUMU’ to ease financing services offering

By Amirtha P S, Desk Reporter
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Qatar Development Bank (QDB), Doha-based government-owned financial entity, has initiated the second phase of the digital platform ‘NUMU,’ which offers entrepreneurs financing services and direct lending to clients who own industrial projects.

Currently, in its second phase, the platform offers the services to its client through a quick application, flexibility in communication and transparency in business management.

The platform also provides the existing and the new clients with additional features like smart and easy registration, the ability to submit a financing request, obtain a copy of the offer and approval letter electronically, and issue a financing agreement through the electronic platform.

Commenting on the launch of the second phase of NUMU, Mr. Abdulrahman Hesham al-Sowaidi, QDB’s Acting CEO said, the bank is working with a clear vision of digital transformation based on the bank’s services and resources to ensure broad and inclusive access for entrepreneurs.

The second phase gives the client the ability to be informed with all the documents required for financing when applying for new facilities related to raw materials, equipment financing, or construction of the building, and enables the client to unload and attach them easily and reuse them in any other requests.

Further, the platform contains an instant control panel that enables the client to follow up on facility approvals and modifications, in addition to immediate renewal options and workflow notifications.

These improvements come in addition to the basic services in the platform, represented in adding administrators, consultants, and members of their teams, preparing the nature of their work and all the details of their projects, accessing all files and communicating with QDB’s teams for assistance.

The “NUMU” smart platform and portal enable direct lending clients to submit their complete applications in a digital form with a permanent line of communication with the bank in case the need arises.

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