Numou Expands Lending Network to Boost SME Financing in the UAE
Numou, a subsidiary of Abu Dhabi Global Market (ADGM), has announced the expansion of its lending partner network to enhance SME financing in the UAE.
The platform has partnered with key financial institutions, including the Khalifa Fund for Enterprise Development, Credible-X, Klubworks, and NymCard Payment Technologies, to streamline access to funding for small and medium-sized enterprises. Through a single standardized online application, SMEs can connect with multiple lenders, compare loan terms, interest rates, and turnaround times, saving time and effort.
For financial institutions, Numou simplifies credit assessment and facilitates strategic partnerships to develop SME-focused financial solutions.
Arvind Ramamurthy, Chief Market Development Officer at ADGM, emphasized the platform’s role in driving business growth, stating, “This platform simplifies access to critical financing, fostering sustainable growth and strengthening the UAE’s position as a global hub for business and investment.”
Numou General Manager Khalifa Al Zaabi added, “By bringing together a comprehensive suite of lending options on a single platform, we’re enabling businesses to access the capital they need to grow faster and more efficiently.”
Numou is further expanding its network to include both digital and traditional banks, with plans to introduce supply chain financing and equity financing, offering SMEs greater flexibility and access to capital.
About The Author
