UAE Fintech Gets $500 Million Asset-Backed Facility From Citi
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Citigroup Inc. is extending $500 million to a subsidiary of Abu Dhabi’s Astra Tech, marking one of the largest single financing facilities secured by a United Arab Emirates-based fintech firm.
Quantix Technology Projects, which operates the CashNow consumer lending platform, received the asset-backed securitization financing from Citi, the bank said in a statement.