Comfi Raises $65M in Pre-Series A Round to Expand Across MENA

Why It Matters

The infusion of $65 million gives Comfi the runway to scale a fintech model that directly addresses the chronic cash‑flow gap facing MENA SMEs, potentially reshaping regional supply‑chain financing and attracting further institutional capital to the GCC’s digital economy.

Key Takeaways

• Comfi raised $65M in equity and debt pre‑Series A.
• Funding led by Iliad Partners; Yango and Raw Ventures join.
• B2B BNPL lets SMEs get paid within 24 hours, up to 90‑day terms.
• Platform processed 15,000 invoices for 1,000+ clients across MENA.
• New capital will boost underwriting AI and regional market expansion.

Pulse Analysis

The MENA region’s small‑and‑medium enterprise sector has long struggled with elongated payment cycles that can stretch beyond 60 days, choking growth and inventory investment. Fintechs that embed finance directly into B2B transactions are emerging as a remedy, and Comfi’s BNPL solution stands out by offering suppliers immediate settlement while extending up to 90‑day terms to buyers. By leveraging real‑time transaction data and AI‑driven risk models, the platform reduces reliance on traditional collateral‑heavy loans, delivering a more agile source of working capital.

Comfi’s $65 million pre‑Series A round is notable not only for its size but for its hybrid structure. Equity led by Iliad Partners signals confidence from growth‑focused investors, while credit facilities from Partners for Growth and a mezzanine line from Shorooq provide the balance‑sheet support needed for rapid underwriting scale. The participation of Yango Ventures and Raw Ventures, both first‑time investors in the region, highlights a broader appetite for fintech infrastructure that can digitise GCC supply chains. This capital mix equips Comfi to enhance its AI underwriting engine, broaden its product suite, and deepen partnerships with regional banks and corporates.

Looking ahead, Comfi’s expansion could catalyse a shift in how GCC businesses manage liquidity. As more SMEs adopt embedded BNPL, the aggregate effect may tighten cash‑flow cycles, improve inventory turnover, and spur hiring. The platform’s data‑rich environment also creates a feedback loop that refines credit scoring, potentially lowering default rates compared with conventional lenders. Competitors will need comparable technology stacks and capital backing to keep pace, suggesting a wave of consolidation and strategic alliances in the MENA fintech landscape. For investors, Comfi represents a tangible entry point into the digital transformation of the region’s core economic infrastructure.

Deal Summary

UAE fintech Comfi announced a $65 million pre-Series A funding round, led by Iliad Partners with participation from Yango Ventures and Raw Ventures, plus a credit facility from Partners for Growth and a mezzanine facility from Shorooq. The capital will be used to scale its B2B BNPL solution for SMEs across the MENA region.