United Arab Emirates, December 19, 2024 – Klub, a fintech leader in Revenue Based Financing, has partnered with Abu Dhabi Global Market’s (ADGM) Numou platform to support SMEs and startups across the UAE. This collaboration aims to bridge the financing gap for small businesses in the region, ensuring faster and more accessible funding for entrepreneurs.
This partnership follows Klub’s earlier announcement of a 1 billion AED credit fund under ADGM’s progressive credit fund regime, reaffirming its mission to make capital easily accessible for SMEs and startups in the UAE. The Numou platform, designed to provide tech-driven, seamless financing solutions, aligns with Klub’s goal to empower businesses and drive regional economic growth.
Khalifa Al Zaabi, General Manager, Numou, added, “We are very excited about the partnership with Klub and look forward to the ongoing collaboration. This partnership aligns with Numou’s commitment to empowering UAE SME’s with access to innovative financial solutions.”
“Over 95% of businesses operating in the country are SMEs that contribute to over 40% of the GDP. Yet less than 10% of SMEs have access to timely and flexible funding,” said Anurakt Jain, Co-Founder & CEO at Klub. “Our partnership with Numou underscores our commitment to solving this issue by leveraging technology and local expertise to provide swift, tailored financing for businesses across the UAE.”
With Numou’s digital-first platform and Klub’s proven expertise, SMEs and startups can access financing with tenors as short as 2 days to 2 years, ensuring flexibility and speed. The collaboration marks a significant step in supporting the UAE’s entrepreneurial ecosystem, fueling growth and innovation.
The Klub Group brings deep expertise and established credentials. The Group has deployed more than AED 400+ million in 1700 investment rounds, enabling growth for 650+ digital businesses. In 2022, Klub closed its maiden AED 100 million SEBI-registered credit fund in India, which is now fully deployed. Klub’s technology arm has raised more than AED 80 million in funding from Peak XV’s Surge, Alter Global, Japan-based GMO Venture Partners, and 9Unicorns.
For Media Queries, reach out to: Deepakshi Dawar at deepakshi@klubworks.com
