Partners for Growth has provided a credit facility to Comfi, the Dubai B2B embedded finance company, and Shorooq has structured a mezzanine facility, as part of a $65 million pre-Series A mix of equity and debt. The parties announced the financing on 27 April 2026.
The sizes of the credit facility and the mezzanine were not disclosed. Iliad Partners led the equity, joined by Yango Ventures and Raw Ventures, which Comfi said were making their first investments in the region. A family office also participated. Comfi said the money will support scaling underwriting and risk capabilities, expanding its product offering and accelerating growth across MENA.
Founded in 2023, Comfi lets SME suppliers offer up to 90-day payment terms while paying those suppliers within 24 hours. The company said it has processed more than 15,000 invoices and serves more than 1,000 clients.
In June 2024 Comfi secured a $5 million debt facility from an undisclosed Abu Dhabi family office.
Sanjar Samiev, Co-founder and Chief Executive of Comfi, said the raise gives the company resources to scale its products, strengthen regional partnerships and expand access to working capital across MENA.
Armineh Baghoomian, Managing Director, Head of EMEA and Co-Head of Global Fintech at Partners for Growth, said the business fits PFG's structured credit strategy. "We are pleased to deepen our partnership with Comfi as the company enters its next growth phase."
Joe Barron, Credit Principal at Shorooq, said SME liquidity constraints in the GCC are a structural financing problem rather than a demand problem. "What stood out to us about Comfi is not just the growth, but its ability to execute and underwrite credit risk utilising its proprietary engine with real transaction data. From our perspective as credit investors, that creates a more resilient and scalable model than traditional working capital lending."
Partners for Growth was founded in Silicon Valley in 2004 and provides structured growth debt to technology companies. In July 2025, marking five years in the GCC, the firm said it had committed more than $300 million in the region since 2020, part of more than $2.1 billion in global loan commitments across more than 250 companies. Its GCC portfolio has included Tabby, TruKKer, Bayzat, Syarah, Huspy and Silkhaus.
Shorooq, the Abu Dhabi alternative investment manager founded in 2017, announced the first close of a $100 million second private credit fund in May 2024. Its first credit fund, which the firm said was fully deployed, included Pure Harvest and Tamara. In January 2026 Shorooq structured a $22 million credit facility for Bahraini consumer finance company Flooss.