Orbii Secures $3.6M Seed Funding to Revolutionize SME Financing in MENA
Saudi Arabia’s Orbii, a platform designed to embed credit infrastructure, has secured a $3.6 million seed funding round. The investment, spearheaded by Prosus Ventures, also includes contributions from VentureSouq, DASH Ventures, Taz Investments, and Sanabil 500. This funding injection will enable Orbii to expand its operations, particularly within Saudi Arabia and the United Arab Emirates, and enhance its technological capabilities, ultimately aiming to unlock a substantial amount of financing for small and medium-sized enterprises (SMEs) by 2026.
Powering SME Lending Through Embedded Credit
Launched in 2024 by Nauman Ali, Guillaume Kieffer, and Nasara Mughal, Orbii is focused on transforming how credit is accessed by SMEs in the MENA region. The platform provides embedded credit infrastructure, allowing banks, fintech companies, and business-to-business (B2B) marketplaces to seamlessly integrate and launch their own SME lending products. Orbii’s technology is powered by artificial intelligence (AI), enabling a faster and more intelligent approach to lending. The current funding will be utilized to strengthen Orbii’s engineering and data science teams, further optimizing its lending processes and accelerating its expansion strategy. This initiative has significant potential to benefit the African tech context and beyond, by providing easier access to credit for SMEs, thus facilitating economic growth.
Orbii’s ambitious goal is to facilitate $1 billion in SME financing by 2026. This seed funding round marks a significant step towards achieving this goal, as the company looks to build a robust and scalable platform designed to serve the evolving needs of SMEs in the region and potentially impact the SME ecosystem in Africa.
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