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Revenue-based financing startups continue to raise capital in MENA, where the model just works

In an era where it’s become tougher to raise venture capital, many companies have turned to non-dilutive, Revenue-Based Financing (RBF) as an alternative.

With MENA SMEs (Small/Medium Enterprises) still finding it difficult to access working capital from traditional banking channels, CredibleX has found a route to market. CEO and Cofounder Anand Nagaraj told TechCrunch: “We believe this approach helps us in recovering repayments easily as we have a direct relationship with the debtor/payer. He has interviewed Tony Blair, Dmitry Medvedev, Kevin Spacey, Lily Cole, Pavel Durov, Jimmy Wales, and many other tech leaders and celebrities.

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