Foloosi Partners with CredibleX to Empower SMEs with Smart Financing Solutions
DUBAI, UAE – April 23, 2025 – Foloosi, a leading UAE-based digital payments and business solutions provider, is excited to announce a new strategic partnership with CredibleX, a pioneering company in tech-enabled financing and lending services. This collaboration aims to offer seamless financing solutions to Small and Medium Enterprises (SMEs), enabling them to tackle cash flow challenges and accelerate business growth.
With the rising need for accessible funding in the retail, e-commerce, and service industries, this partnership will empower Foloosi’s merchants to unlock faster and more flexible financing options. By integrating CredibleX’s cutting-edge technology, merchants will benefit from smarter liquidity management, reduced payment delays, and enhanced operational efficiency.
Omar Bin Brek, CEO of Foloosi, shared his enthusiasm for the collaboration: “Our goal has always been to provide more than just payment solutions. With CredibleX on board, we are taking the next step in helping businesses thrive with advanced, flexible financing that reduces the stress of cash flow management.”
Through the new partnership, SMEs using Foloosi’s platform will experience a simplified financing process, with faster approval times and secure digital transactions. This initiative is designed to create a seamless experience for businesses seeking to maintain a healthy cash flow and scale operations effectively.
Hassan Reda, Co-Founder and Chief Product Officer of CredibleX, expressed excitement over the partnership: “We are proud to join forces with Foloosi in creating a smarter financial ecosystem for SMEs. By combining our expertise in financing with Foloosi’s leading technology, we are empowering businesses with the tools they need to grow with confidence.”
The partnership was made possible with support from Mastercard and Hanane SBAI, who played a pivotal role in facilitating the introduction between Foloosi and CredibleX, strengthening the collaboration.
About Foloosi
Foloosi is a UAE-based digital platform providing simple, secure, and smart payment solutions to businesses. By integrating advanced technology with a customer-first approach, Foloosi enables businesses to accept payments, manage operations, and grow in a digital-first world. For more information, visit www.foloosi.com.
About CredibleX
CredibleX offers innovative financing solutions that leverage technology to simplify access to capital for SMEs. The company focuses on providing flexible, fast, and accessible funding to help businesses scale and manage their financial operations efficiently.
Learn more about how Foloosi and CredibleX are empowering SMEs: https://foloosi.com
