Abu Dhabi-based International Holding Company (IHC) has acquired eFunder, a digital financing platform for small and medium-sized enterprises (SMEs).
Now rebranded as Zelo, the platform aims to tackle the estimated USD 250 billion SME credit gap in the Middle East and North Africa (MENA) by offering invoice financing solutions that convert outstanding invoices into immediate liquidity.
To date, Zelo has completed over 9,000 transactions and disbursed more than USD 200 million in funding.
The acquisition underscores IHC’s commitment to fostering innovation and supporting SME growth, further cementing the UAE’s reputation as a regional fintech leader.
Backed by IHC, Zelo is poised to enhance capital access for businesses across key sectors, including construction, logistics, healthcare, industrial services, and oil and gas.
