– Dubai-based fintech Comfi has secured a $5 million debt facility from an undisclosed Abu Dhabi-based private family office, enabling expansion and revolutionizing B2B transactions in the UAE and Saudi Arabia.  

– The funding will support Comfi’s rollout of its embedded pay-now and pay-later (BNPL) solution and facilitate approximately $40 million in B2B transactions across the UAE and Saudi Arabia over the next year.

– Founded in 2023 by Alisher Akbarov, Amal Abdullaev, and Sanjar Samiev, Comfi is a B2B payment platform offering flexible payment solutions for manufacturers and suppliers, driving innovation and financial inclusion in the region.

Dubai-based fintech Comfi has raised a $5 million debt facility from an undisclosed Abu Dhabi-based private family office, according to a press release.

This investment backs Comfi’s goals to expand its presence and revolutionize business-to-business (B2B) transactions in the UAE and Saudi Arabia.

The debt facility will also support Comfi’s launch of its embedded pay-now and pay-later (BNPL) solution.

Over the next year, Comfi aims to facilitate approximately $40 million in B2B transactions across the UAE and Saudi Arabia, reinforcing its leadership in the B2B payments sector.

Founded in 2023 by Alisher Akbarov, Amal Abdullaev, and Sanjar Samiev, Comfi is a B2B payment platform that offers manufacturers and suppliers flexible payment solutions for their buyers.

Buy now, pay later (BNPL) is a short-term financing option that lets consumers make purchases and pay for them in installments over time, typically without interest. Often referred to as a point-of-sale (POS) installment loan, BNPL can offer convenience, but it’s important to be aware of potential pitfalls. Consumers can access BNPL services through traditional and online retailers or via third-party apps.