Klub, a leading fintech firm specializing in Revenue-Based Financing, has partnered with Abu Dhabi Global Market’s (ADGM) Numou platform to support SMEs and startups across the UAE. This strategic collaboration will enhance access to fast, flexible, and seamless financing solutions, empowering entrepreneurs and fueling economic growth.
This initiative follows Klub’s earlier announcement of a 1 billion AED credit fund under ADGM’s progressive credit fund regime, reinforcing its commitment to making capital more accessible for small businesses in the region. Numou’s tech-driven financing platform aligns with Klub’s mission to streamline funding processes, ensuring businesses receive the support they need to scale and succeed.
Driving SME Growth Through Innovation
Khalifa Al Zaabi, General Manager at Numou, expressed excitement about the partnership, stating:
“We are thrilled to collaborate with Klub, as this partnership aligns with Numou’s mission to empower UAE SMEs with innovative financial solutions.”
Highlighting the pressing need for improved SME financing, Anurakt Jain, Co-Founder & CEO at Klub, added:
“Over 95% of businesses in the UAE are SMEs, contributing to over 40% of the GDP. However, less than 10% of SMEs have access to timely, flexible funding. Our partnership with Numou aims to solve this challenge by leveraging technology and local expertise to provide swift, tailored financing solutions.”
Fast, Flexible Financing for SMEs & Startups
With Numou’s digital-first platform and Klub’s proven expertise, businesses can secure financing with tenors ranging from just 2 days to 2 years, ensuring flexibility and speed. This collaboration marks a significant step in strengthening the UAE’s entrepreneurial ecosystem and fostering business innovation.
Proven Expertise in Growth Financing
The Klub Group has an established track record in funding and scaling digital businesses. The company has deployed over AED 400 million across 1,700 investment rounds, supporting 650+ businesses. In 2022, Klub launched its maiden AED 100 million SEBI-registered credit fund in India, which has since been fully deployed.
Additionally, Klub’s technology arm has raised AED 80+ million from top investors, including Peak XV’s Surge, Alter Global, GMO Venture Partners (Japan), and 9Unicorns.
This partnership between Klub and Numou is set to revolutionize SME financing in the UAE, making it faster, more accessible, and tech-driven, ultimately empowering entrepreneurs to achieve long-term success.
—————————————————————————————————
About Innovation Streets:
Welcome to InnovationStreets.com! Get the latest insights from the finance and technology industries. Discover industry updates on fintech innovations, regulatory developments, industry insights, events, and collaborations between banks, insurers, and fintechs. A platform for C-level executives to submit thought leadership content for their peers. Subscribe for updates!
