Fintech startup Comfi secures $5 million debt facility

Fintech startup Comfi, a rapidly growing B2B payment platform in the UAE, have announced that they have successfully secured a $5 million debt facility from an Abu Dhabi-based private family office. This significant investment marks a pivotal moment for Comfi as it continues to expand its footprint and revolutionize B2B transactions in the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA).

This will fuel the ongoing rollout of its embedded pay-later and pay-now solution, which has been adapted for B2B supply-chain businesses and allows business owners to offer credit terms for up to 90 days to their customers in real-time.

The $5 million debt facility will enable Comfi to facilitate an estimated $40 million worth of B2B transactions across the UAE and KSA over the next year, further solidifying its position as a leader in the B2B payments industry.

Commenting on the debt facility, Comfi CEO Sanjar Samiev, stated, “This substantial funding, alongside backing from a reputable Emirati family office, will allow Comfi to sign up more B2B companies and support their growth and success in their industries. We are committed to leveraging our advanced technology and strategic partnerships to drive innovation and foster financial inclusion in the UAE and KSA.”