Pollen Street Capital Extends $100 Million to Mideast Fintech

Pollen Street Capital extended a $100 million lending facility to CredibleX, a United Arab Emirates-based lender to small-and-medium sized companies, as demand for private credit in the Middle East rises.

Pollen’s senior secured credit facility for CredibleX is its first foray in the UAE after having opened an office in the country’s capital Abu Dhabi earlier this year. Pollen’s backing will be used to expand the startup’s loan book in the UAE.