To accelerate BNPL plans, B2B payment platform Comfi raised $5 M debt facility

A $5 million debt facility was successfully secured from an Abu Dhabi-based private family office, according to Comfi, a quickly expanding B2B payment platform in the United Arab Emirates. Comfi is revolutionizing business-to-business (B2B) transactions in the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE) with this major investment, which represents a turning point in the company’s growth.

The company’s embedded pay-later and pay-now solution, which has been customized for B2B supply-chain companies and enables entrepreneurs to instantly extend credit terms to their clients of up to 90 days, will benefit from this continued growth.

Comfi’s position as a leader in the B2B payments industry will be further cemented with the $5 million debt facility, which will allow it to facilitate an estimated $40 million worth of B2B transactions across the UAE and KSA over the next year.

Sanjar Samiev, CEO of Comfi, expressed his excitement about the company’s latest milestone, stating, “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.”