Comfi, a fintech company based in the UAE, has successfully secured a $5 million debt facility from a private family office in Abu Dhabi. This funding is set to boost Comfi’s plans for expanding its Buy Now, Pay Later (BNPL) solutions.
Founded in 2023 by Alisher Akbarov, Amal Abdullaev, and Sanjar Samiev, Comfi offers a B2B payments platform designed to provide flexible payment solutions for manufacturers and suppliers. Their platform allows these businesses to ensure upfront payments while offering their buyers flexible credit options.
The newly acquired debt facility will support Comfi’s efforts to roll out its BNPL solution, tailored specifically for B2B transactions. This service allows businesses to offer their customers credit terms of up to 90 days, making it easier for them to manage cash flow and build stronger relationships with their suppliers.
With this $5 million funding, Comfi aims to facilitate around $40 million in B2B transactions across the UAE and Saudi Arabia over the next year. This move is expected to strengthen Comfi’s position as a leading player in the B2B payments sector.
Sanjar Samiev, CEO of Comfi, shared his enthusiasm about this achievement: “Securing this significant funding from a respected Emirati family office is a major milestone for us. It will enable us to onboard more B2B clients and support their growth in their respective industries. We are dedicated to using our advanced technology and strategic partnerships to drive innovation and enhance financial inclusion in the UAE and Saudi Arabia.“
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