The round will support growth in embedded finance, partnerships and lending capabilities across the UAE.
CredibleX, a UAE-based digital lender focused on small and medium-sized enterprises, has closed a Series A funding round as part of a broader $15 million equity raise.
The round was led by Mubadala Investment Company, with participation from existing investor Further Ventures.
Founded in 2023, CredibleX provides working capital to SMEs through a digital platform and has built distribution through more than 70 partners. The company operates under the regulation of the Financial Services Regulatory Authority at Abu Dhabi Global Market, offering products including revenue-based financing, receivables financing, and payable financing.
“We are delighted to welcome Mubadala as a lead investor in our Series A round,” said Anand Nagaraj, CEO and Co-Founder of CredibleX. “This milestone represents strong validation of our vision to transform SME financing through embedded finance.”
The company said the new funding will be used to expand its platform, scale partnerships, and enhance its embedded finance infrastructure. Planned investments also include strengthening its lending marketplace, improving technology and data capabilities, and supporting both lending and non-lending business lines.
CredibleX had previously secured a $100 million senior secured credit facility in September 2025 to support its lending operations.