IHC ACQUIRES UAE FINTECH EFUNDER, REBRANDS IT AS ZELO TO TACKLE $250BN SME FUNDING GAP
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✍️ International Holding Company (IHC) has completed the acquisition of eFunder, a UAE-based SME financing platform, and rebranded it as Zelo, aiming to close the region's $250bn SME funding gap.
👉 IHC has acquired eFunder and rebranded it as Zelo 👉 Zelo delivers fast, receivables-based working capital to SMEs 👉 Platform has facilitated over 9,000 transactions and deployed over AED735m ($200m) in funding 👉 Zelo offers SMEs an alternative to traditional financing and reduces the impact of delayed payments
-- #SyedBasarShueb #DhanushArjun #UAE #AbuDhabi #business
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