Comfi raises $65M to tackle SME cash flow across MENA

Published: 2026-04-28T11:56:46.000Z

Comfi raises $65 million in a pre series A round to expand its B2B embedded finance platform across MENA, targeting SME cash flow gaps.

UAE based Comfi has raised $65 million in a pre series A funding round combining equity and debt, as the company moves to scale its embedded finance platform across the Middle East and North Africa. The round was led by Iliad Partners, with participation from Yango Ventures and Raw Ventures, alongside structured financing from Partners for Growth and Shorooq. Founded in 2023 by Sanjar Samiev, Alisher Akbarov, Amal Abdullaev and Denis Gavrilin, Comfi operates a business to business buy now pay later infrastructure designed to address cash flow constraints faced by small and medium sized enterprises. The platform enables suppliers to receive payments within 24 hours while allowing buyers to defer payments for up to 90 days, effectively bridging a long standing gap in regional trade finance systems. The company reports having processed more than 15,000 invoices and serving over 1,000 clients across the region, indicating early adoption among finance teams and enterprise operators navigating extended payment cycles. This model is built on embedded finance, where lending and credit capabilities are integrated directly into business workflows through APIs and low code tools rather than traditional standalone financial products. The new capital will be used to expand underwriting capabilities, strengthen risk infrastructure and accelerate growth across key markets in MENA, where SME financing remains structurally underserved. Across the region, delayed payments continue to impact liquidity for businesses, with many suppliers waiting more than 60 days to receive funds, limiting their ability to scale operations or invest in growth. Globally, similar models have gained traction as fintech companies reconfigure how credit is delivered within supply chains. Companies such as Affirm and Klarna have demonstrated the scale of buy now pay later in consumer markets, while B2B focused platforms have emerged to address enterprise liquidity and invoice financing. The raise comes at a time when MENA’s startup ecosystem continues to see selective capital deployment, with early stage and infrastructure driven fintech companies remaining a focus for investors. Funding data from early 2026 shows startups in the region raised hundreds of millions of dollars despite broader market adjustments, with fintech continuing to represent a significant share of total investment. With this round, Comfi positions itself within a growing category of infrastructure led fintech platforms aiming to digitize core financial processes across the region’s economy, as it expands its footprint and partnerships across supply chains and enterprise networks.