Abu Dhabi’s International Holding Company (IHC) has acquired eFunder, a UAE-based fintech lender, in a move that aligns with its strategy to diversify its investment portfolio.
Launched in 2021, eFunder supports small and medium-sized enterprises by offering working capital through invoice factoring—where outstanding invoices are purchased at a discount, providing businesses with immediate liquidity.
The company operates a fully digital platform that leverages artificial intelligence to assess creditworthiness and flag potential fraud.
Arif Al Alawi, CEO of eFunder, expressed enthusiasm about the acquisition, stating that joining the IHC group will enable the company to scale its operations and grow across the UAE and broader region.
Recognised as one of the Middle East’s most valuable listed companies, IHC has built a diverse investment profile spanning healthcare, energy, real estate, and technology.
