Comfi Raises $65 Million to Expand SME Financing Across MENA

Comfi, a UAE-headquartered B2B embedded finance platform, has raised $65 million in a Pre-Series A round combining equity and debt to expand access to working capital for SMEs across the MENA region.

The equity portion was led by Iliad Partners, with participation from Yango Ventures and Raw Ventures. The round also includes a credit facility from Partners for Growth and a mezzanine facility structured by Shorooq Partners, alongside participation from a family office.

Founded in 2023 by Sanjar Samiev, Alisher Akbarov, Amal Abdullaev and Denis Gavrilin, the platform embeds financing into B2B transactions, allowing SME suppliers to offer payment terms of up to 90 days while receiving funds within 24 hours.

The company reports processing more than 15,000 invoices, working with over 4,000 finance leaders and serving more than 1,000 clients. The funding will be used to scale underwriting and risk capabilities, expand product offerings and accelerate growth across key markets in the region.

The platform relies on artificial intelligence to assess credit risk and streamline financing decisions, aiming to reduce delays associated with traditional lending.

The model targets a structural challenge in SME financing, where extended payment cycles can limit cash flow and constrain growth. By integrating financing directly into transactions, the company aims to improve liquidity and support business operations across supply chains.