Deem Finance has joined forces with Biz2X to offer tailored Embedded Finance solutions for small and medium enterprises (SMEs) operating in the UAE.
As part of the Gargash Group, Deem Finance will utilize Biz2X’s AI-driven lending platform to introduce point-of-sale financing options for eligible merchants. This solution leverages real-time sales data for credit evaluation instead of traditional balance-sheet analysis.
This collaboration aims to overcome working capital challenges faced by UAE SMEs, especially those experiencing seasonal revenue fluctuations or transaction-based cash flows that are not traditionally captured by banking systems. Credit decisions factor in operational performance and daily financial realities through the integration of point-of-sale data.
Dynamic underwriting enabled by transaction data
The platform supports a streamlined digital onboarding process, with credit assessments and approvals usually completed within 48 hours. Repayment schedules align with sales performance, allowing businesses to manage working capital during unpredictable trading periods while maintaining flexibility for growth.
Biz2X’s platform currently processes more than USD 37 billion in SME lending globally by providing analytics, underwriting tools, and digital capabilities to financial institutions across various markets.
Utilizing alternative data sources for SME credit
Point-of-sale financing evaluates merchant transaction volumes, sales patterns, and payment processing details to assess creditworthiness. This differs from conventional lending methods that typically rely on financial statements, credit scores, and collateral.
The SME financing landscape in the UAE is characterized by structural barriers such as limited documentation of credit history, informal business practices, and discrepancies between traditional credit evaluation criteria and the actual viability of businesses. Alternative data sources help lenders extend credit to enterprises that were previously unqualified for formal credit markets.
Deem Finance operates within the UAE’s regulatory environment governing consumer and commercial lending, offering personal loans, business financing, and point-of-sale credit products.
Biz2X is based in the United States and provides lending platform infrastructure for banks, fintech companies, and alternative lenders. The platform integrates with accounting software, payment processors, and banking systems to automate credit decision-making and loan origination processes.
This partnership supports the UAE’s goals of economic diversification by focusing on SME development and financial inclusion. Small and medium enterprises play a crucial role in driving both private sector employment and GDP growth in the UAE economy.
