Comfi raises $65M to expand

Dubai-based Comfi said Monday it raised $65 million in a pre-Series A round to expand its business-to-business embedded finance platform across MENA. (comfi.ai) (finextra.com) The round combines $5 million in equity with $60 million in debt facilities, according to Forbes Middle East. Iliad Partners led the equity piece, joined by Yango Ventures and Raw Ventures. (forbesmiddleeast.com) (comfi.ai) The debt package includes a credit facility from Partners for Growth and a mezzanine facility structured by Shorooq, with participation from a family office, Comfi said. (comfi.ai) (ibsintelligence.com) Comfi sells a financing tool for suppliers, manufacturers and distributors that lets buyers pay in 30 to 90 days while suppliers get paid upfront. The company says it takes the credit risk and handles collections. (comfi.ai) (crunchbase.com) The company said the new capital will be used to strengthen underwriting, launch new embedded finance products and expand across the Middle East and North Africa. Forbes Middle East said the funding is aimed at scaling small and medium-size enterprise capital in the region. (comfi.ai) (forbesmiddleeast.com) Comfi was founded in 2023 and says it has served more than 1,000 businesses and financed more than 10,000 deals across food and beverage, healthcare and automotive. Its website says the company started in the United Arab Emirates and is now positioning for wider regional growth. (comfi.ai 1) (comfi.ai 2) Yango Ventures and Raw Ventures called this their first investment in the region, according to Comfi's announcement. That gives the round a cross-border investor signal as Gulf fintech funding remains selective. (comfi.ai) (mena.entrepreneur.com) Comfi's pitch is simple: suppliers want cash now, buyers want time, and banks often move too slowly for both. This round gives the company more balance-sheet firepower to sit in the middle. (comfi.ai) (fintechnews.ae)