Comfi, a UAE-headquartered B2B embedded finance platform focused on unlocking working capital for small and medium-sized enterprises (SMEs), has secured $65m in a Pre-Series A funding round comprising both equity and debt components.
The equity portion of the raise was led by Iliad Partners, with Yango Ventures and Raw Ventures also participating, both making their inaugural investments in the region.
The round was further bolstered by a credit facility from Partners for Growth and a mezzanine facility structured by Shorooq, alongside participation from an undisclosed family office.
The capital will be directed towards strengthening Comfi’s underwriting and risk capabilities, broadening its product suite, and driving expansion into key markets across the MENA region.
Founded in 2023 by Sanjar Samiev, Alisher Akbarov, Amal Abdullaev, and Denis Gavrilin, Comfi was built by a team with backgrounds spanning FinTech product growth, operational scaling, and engineering.
The platform addresses a structural challenge facing SMEs across the region: lengthy B2B payment cycles that can stretch for months, starving businesses of the working capital they need to operate and grow. Comfi’s core product is a B2B Buy Now Pay Later solution that enables SME suppliers to extend payment terms of up to 90 days to their customers, while receiving payment within 24 hours. To date, the platform has processed more than 15,000 invoices, supports over 4,000 finance leaders, and counts more than 1,000 clients among its customer base.
Comfi co-founder and CEO Sanjar Samiev said, “We built Comfi from firsthand experience with how disruptive payment cycles can be to an SME’s operations. When you’re waiting over 60 days to get paid, you can’t invest in inventory, hire the right people, or take on new opportunities, you’re just surviving.
“We’re fixing that by combining embedded finance with AI-driven risk and underwriting to unlock capital instantly, without the friction of traditional lending. This Pre-Series A round gives us the resources to scale our products, strengthen our regional partnerships, and expand access to fast, reliable working capital across MENA.”
Iliad Partners founder and managing partner Christos Mastoras said, “We invest in technology companies that strengthen and digitize the core infrastructure of the GCC economy. Comfi is doing exactly that, tackling one of the most fundamental pain points in the region: access to working capital for SMEs.
“By combining AI-driven underwriting with disciplined risk management, the team has built a scalable platform designed for real-economy impact. We have been consistently impressed by Sanjar and his co-founders’ clarity of vision, speed of execution, and disciplined approach. We are proud to lead this round as Comfi scales across MENA and beyond as a trusted financing partner to thousands of SMEs powering regional growth.”
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