Overview Jurisdiction Al Reem Expansion Authorities Initiatives ADGM Academy Arbitration Centre Overview Business areas Setting up Operating in Public registers Legal framework Regulation Awareness Collaboration Ecosystem ADGM Sustainable Media News Events Spotlight Podcasts Publications Support Make an enquiry Whistleblowing FAQs
A platform that offers limitless opportunities and paves the way for a brighter future

Abu Dhabi boasts first-class infrastructure and unparalleled global connectivity, making it a premier international destination. Its exceptional qualities make it an ideal location to live, work, and conduct business.

Read about Abu Dhabi's lifestyle
Latest initiatives ADGM Announces Incentive Initiative for Existing Al Reem Island Businesses Transitioning to ADGM ADGM Marks Its Presence on Al Reem by Hosting its First Community Event on the Island
Providing an environment that empowers the future

A financial centre that provides transparency, efficiency, and integrity, through its progressive frameworks, future focused infrastructure, all within a familiar independent legal jurisdiction – ADGM is the perfect platform for success.

Find out how to set up in ADGM
Latest news The Registration Authority of ADGM Publishes Consultation Paper on Legislative Framework for a Register of Certain Trust Information ADGM Announces Incentive Initiative for Existing Al Reem Island Businesses Transitioning to ADGM
Preserve our economies and environment for future generations

ADGM, the centre for a transparent and thriving sustainable finance ecosystem.

More about our Sustainability vision
Highlights ADGM, the Region's Leading Climate Finance Hub, Announces its Role as Principal Partner at COP28 ADGM Implements its Sustainable Finance Regulatory Framework
Stay up-to-date with our wide range of available resources

Our community of business professionals, entrepreneurs, and investors can depend on ADGM to provide timely news and reliable insights.

Read our latest news articles
Upcoming events The Settlement of International Energy Disputes in the Middle East LINK Networking Series Economy Middle East Summit 2024
We are here to help

At ADGM, we offer various support options, including contact details, FAQs, enquiry forms, and a whistleblowing form.

View available support options
Some of our FAQ topics
  • Getting started
  • Foundations regime
  • Resolution for incorporation
  • Existing auditors
  • New auditors
  • ACCESSADGM
  • Announcement

    service

    CredibleX Unleashes Next Generation Lending Solutions with New ADGM Licences and Targets 20000 Companies in 2024

    ADGM FSRA 28/11/2023
    Disclaimer: This is an external communication and is not an official statement or announcement from ADGM.
    • CredibleX receives regulatory approval and licences to operate in the Abu Dhabi Global Market (ADGM) from the Financial Services Regulatory Authority (FSRA)
    • Announces launch with strategic partners from FMCG and financial services to provide embedded solutions for SMEs, starting with lending
    • Also announces participation as the first fintech partner of ADGM’s SME financing platform, Numout

    CredibleX, MENA’s pioneering embedded finance platform, has announced its launch after being granted regulatory licences in Abu Dhabi Global Market (ADGM) from the Financial Services Regulatory Authority (FSRA). These licences provide a robust regulatory framework to its launch, bringing confidence and trust to CredibleX’s partners and customers. It has also announced partnerships with ADGM as the first fintech partner of its SME financing platform, Numou; as well as with partners in FMCG and financial services. CredibleX is a gamechanger for the region as its embedded finance approach enables businesses to provide their SME customers with instant access to lending solutions at scale.

    Salem Mohammed Al Darei, ADGM Authority, CEO said, “We congratulate CredibleX on receiving their regulatory license from ADGM and welcome them to our vibrant ecosystem. As launch partners of ADGM’s SME Financing Digital platform, Numou, we take great pride in CredibleX and its commitment to developing financing solutions for small and medium-sized businesses, promoting financial inclusion in the aim of accelerating economic growth. At ADGM, we are committed to fostering a cohesive ecosystem of like-minded partners and look forward to witnessing the positive impact of CredibleX and our fellow ecosystem members.”

    CredibleX Co-Founder Ahmad Malik said, "According to official UAE government figures, over 60% of non-oil GDP comes from the SME economy and yet SMEs often find it hard to access credit to grow their businesses or smoothen their cash flow. We see a clear opportunity to improve access and choice towards this underserved segment. Embedded finance, which is the integration of financial services into non-financial businesses, is an innovative way to serve SMEs through a wide network of business partners. Now, with the approval of the regulators, we can enable faster, easier and simpler access to credit for SMEs through the platforms they use every day.”

    CredibleX’s proprietary technology can instantaneously assess credit risk and pre-approve a host of lending options for SMEs. These businesses typically wait weeks or months with no visibility on the approval status of their credit lending application. Now, through secure embedded technology, business owners can receive a result from their application in minutes and funds disbursed to their account within 24 hours.

    Importantly, through collaboration with CredibleX, business providers and platforms can better serve their SME customers, while CredibleX takes care of risk, repayments and compliance. Embedding CredibleX is free and comes at no charge for partners and the set up time is a matter of days.

    CredibleX is addressing a critical sector of the economy in line with the UAE’s National Agenda for Entrepreneurship and SMEs, with the number of SMEs projected to double by 2030 to more than 1 million across the UAE alone. Despite representing 90% of businesses, only 10% of loans currently go to SMEs (Dubai SME). Globally, according to The International Finance Corporation, around 65 million, or 40%, of formal micro, small and medium enterprises in emerging markets have an unmet financing need of $5.2 trillion every year (World Bank). New forms of embedded financing play an essential role in supporting these businesses.

    For more information please visit www.crediblex.io or send an email to hello@crediblex.io