Aluna Partners Group Arranges up to $7 Million Asset-Backed Finance Transaction for UAE-Focused SME Lender
Aluna Partners Group, a global investment banking firm specializing in structured credit, has arranged an up to $7 million asset-backed finance transaction for a rapidly growing fintech company with operations in the UAE. Under the terms of the agreement, the company can draw on the facility over the next 24 months to support the expansion of its loan book. This financing complements a recently completed $5 million Series A equity round led by tier-1 European fintech investors.
The fintech provides working capital financing solutions to SMEs, leveraging a proprietary platform that consolidates multiple streams of financial and operational data. By integrating information from payment gateways, enterprise resource planning systems, compliance services, and client financial reports, the company can generate more accurate credit assessments and deliver tailored financing solutions to small and medium-sized enterprises, historically underserved by traditional banks.
SMEs are a critical component of developed economies, accounting for most firms, contributing significantly to employment, and generating substantial economic output. Yet many face obstacles in accessing capital due to conventional banking requirements, such as collateral demands, long financial histories, and risk-averse lending practices. Fintech platforms like this company address these challenges by offering innovative, data-driven lending solutions that focus on cash flow analysis rather than solely on balance sheet metrics.
Stefano Sciacca, Partner at Aluna Partners Group commented:
“This fintech has demonstrated a strong track record in raising equity capital from leading European investors. The $7 million debt facility complements its recent Series A, providing the financial flexibility needed to scale rapidly and serve SMEs more effectively in the UAE and surrounding markets.”
A spokesperson for the fintech added:
“Partnering with Aluna Partners Group enables us to continue expanding our innovative approach to SME financing. By combining their access to capital with our data-driven underwriting platform, we are well-positioned to deliver meaningful impact and growth in the market.”
Aluna Partners Group has extensive experience arranging financing in the fintech sector, having facilitated over $100 million in transactions in 2023 alone.
