Pollen Street Capital Extends $100 Million to Mideast Fintech

Pollen Street Capital, a leading private equity firm, has extended a $100 million lending facility to CredibleX, a fintech company based in the United Arab Emirates. CredibleX provides lending services to small and medium-sized enterprises (SMEs) in the Middle East region. The move comes as the demand for private credit in the Middle East is increasing, with SMEs facing challenges in accessing traditional financing. The $100 million facility will enable CredibleX to expand its lending operations and better serve the growing needs of the regional SME market. The partnership between Pollen Street Capital and CredibleX highlights the growing importance of fintech solutions in the Middle East, as the region seeks to drive economic growth and support the development of small and medium-sized businesses. The investment also demonstrates Pollen Street Capital's commitment to the Middle East market and its belief in the growth potential of the region's financial technology sector.