Abu Dhabi Global Market’s (ADGM) subsidiary, Numou, has expanded its digital lending marketplace by partnering with institutions including the Khalifa Fund for Enterprise Development, CredibleX, Klubworks, and NymCard Payment Technologies. This initiative aims to enhance financial access for small and medium-sized enterprises (SMEs) in the UAE.
SMEs constitute approximately 94% of companies in the UAE and contribute around 40% to the national GDP. Despite their significance, they receive only 9.5% of total financial facilities extended to the commercial and industrial sectors, according to the UAE Central Bank.
Numou’s platform offers a streamlined, fully digital application process, allowing businesses to access various financial products and connect directly with suitable lenders. The platform also provides SMEs access to a curated network of service providers, such as accountants, auditors, and lawyers, to assist during the financing process.
Khalifa Al Zaabi, General Manager of Numou, stated, “Numou is more than just a digital lending platform—it’s a transformative tool for SMEs to unlock their full potential.”
Numou plans to expand its offerings to include supply chain financing (factoring) and equity financing, aligning with the UAE’s vision to foster a dynamic and diversified economy where SMEs play a pivotal role in sustainable development.
