NEO PAY, the UAE's leading digital payments and merchant solutions provider, has announced a strategic partnership with CredibleX - a pioneering licensed embedded financing lender - to enhance access to working capital for small and medium enterprises SMEs across the UAE. This alliance marks another major milestone in NEO PAY's mission to unlock embedded financing for SMEs in the country.
The collaboration integrates CredibleX's flexible financing solutions into NEO PAY's advanced payments ecosystem, enabling merchants to access financing directly through their Point of Sale and eCommerce transaction data. By leveraging real-time revenue stream insights from NEO PAY's platform, the partnership simplifies credit assessment, accelerates approval timelines, and provides seamless access to SMEs. This helps SMEs to manage cash flow, invest in inventory, fund growth, and expand their businesses.
"Our collaboration with CredibleX represents a leap toward shaping the future of SME financing in the UAE. By merging payments and lending into one intelligent ecosystem, we are redefining how businesses access capital, fostering innovation, and driving sustainable growth across the region.
