The transfer alerts a serious strategic push to shut the area’s $250bn SME funding hole via technology-driven monetary options.
Totally licensed and controlled by the Abu Dhabi World Market (ADGM) Monetary Companies Regulatory Authority (FSRA), Zelo has been working since August 2020.
The platform delivers quick, receivables-based working capital to small and medium-sized enterprises (SMEs) by changing accepted invoices into liquidity inside 24 to 48 hours.
Zelo to supply UAE SME funding
Thus far, Zelo has facilitated greater than 9,000 transactions and deployed greater than AED735m ($200m) in funding, providing SMEs a robust various to conventional financing and lowering the impression of delayed funds.
Following the acquisition, Zelo will function as a part of IHC’s broader fintech and future-economy portfolio, with a mandate to scale impression throughout key sectors reminiscent of:
- Building
- Logistics
- Healthcare
- Industrial providers
- Oil and fuel
Syed Basar Shueb, CEO of IHC, mentioned: “SMEs are the spine of a diversified and future-ready financial system. By means of our strategic acquisition of Zelo, we’re proud to help a platform that solves one of the vital elementary obstacles going through SMEs, entry to well timed working capital.
“This rebrand alerts a assured new chapter, one that’s totally aligned with IHC’s long-term imaginative and prescient of constructing sensible, scalable options and dynamic worth networks that ship actual and lasting financial impression.”
The UAE’s SMEs characterize over 95 per cent of registered companies and generate greater than 50 per cent of GDP, but many face fee delays of 60 to 120 days.
Zelo’s platform eliminates that friction via totally digital onboarding, automated funding selections, and near-instant capital entry. It additionally dynamically scales funding limits based mostly on enterprise efficiency.
Dhanush Arjun, CEO of Zelo, mentioned: “Zelo exists to remove the wait. The anticipate funds, the anticipate progress, the anticipate alternative. Our rebrand alerts not only a new title, however a renewed dedication to SMEs within the UAE who deserve sooner, smarter entry to capital. With IHC’s strategic backing, we’re accelerating that future.”
With sturdy regulatory backing, confirmed impression, and the strategic help of IHC, Zelo is poised to turn into a cornerstone of the UAE’s SME ecosystem—enabling sooner progress, stronger money move, and smarter monetary agility for hundreds of companies throughout the area.
