CredibleX, a revenue-based financing startup, has successfully raised $55 million in a seed round led by Further Ventures. This funding comes amidst a challenging venture capital landscape, particularly for SMEs in the MENA region, where traditional financing is limited. CredibleX partners with large aggregators to provide working capital to SMEs, streamlining loan approval via platforms like Talabat. Since its launch in March 2024, the company has already issued over AED 100 million to SMEs, benefiting from the increasing demand for non-dilutive financing options in high-income countries.