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Revenue-based financing startups continue to raise capital in MENA, where the model just works | TechCrunch

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Summary
Nutrition label

83% Informative

CredibleX has raised a $55 million Seed financing round in order to take advantage of the booming market for revenue financing in the Middle East .

The company partners with large aggregators and then goes after SMEs in their vertical ecosystem.

It claims to have so issued over AED 100 Mn (US$ 27Mn ) to SMEs.

VR Score

77

Informative language

72

Neutral language

90

Article tone

formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

long-living

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