UAE FinTech Startup Comfi Raises $5 Million to Fuel B2B Growth

UAE FinTech Startup Comfi Raises $5 Million to Fuel B2B Growth

UAE’s B2B payment leader, Comfi, secures a $5 million debt facility from a prominent Abu Dhabi family office. This strategic investment fuels Comfi’s mission to revolutionize transactions across the UAE and KSA.

Fueling B2B Growth and Innovation

Comfi’s CEO, Sanjar Samiev, sees the $5 million funding and family office backing as a springboard to onboard more companies and fuel their industry growth. Comfi remains committed to leveraging technology and partnerships to drive innovation and financial inclusion across the UAE and KSA.

Empowering Businesses with Flexible Payments

The $5 million debt facility will fuel the continued rollout of Comfi’s innovative embedded pay-later and pay-now solution. This unique solution, designed specifically for B2B supply chain businesses, allows business owners to directly offer real-time credit terms of up to 90 days to their customers. This, in turn, facilitates smoother transactions and increased sales.

Enabling $40 Million in B2B Transactions

$40 million boost in B2B transactions expected across UAE and KSA thanks to Comfi’s funding, paving the way for a smoother financial landscape for businesses.

Looking Ahead: What’s Next for Comfi?

With this significant investment, Comfi is poised for exciting growth. We can expect them to focus on:

  • Expanding their reach: Comfi will likely target a wider range of B2B businesses across the UAE and KSA.
  • Enhancing their platform: Look for further development of their embedded pay-later and pay-now solution, potentially with new features and functionalities.
  • Building strategic partnerships: Comfi might collaborate with other FinTech companies or industry leaders to further strengthen their offerings.

This strategic move by Comfi has the potential to significantly impact the B2B landscape in the region. By providing flexible payment solutions and fostering financial inclusion, Comfi is well-positioned to empower businesses and contribute to a more dynamic and streamlined financial ecosystem.

for more startups news stay updated on our daily news in startups news