Middle East Business: Incomlend expands footprint, opens office in Dubai – Gulf Digital News

Middle East Business: Incomlend expands footprint, opens office in Dubai – Gulf Digital News

Global invoice financing marketplace, Incomlend, today (April 13) announced that it has set up a new office in Dubai, UAE). The move marks the next step in the company’s global expansion plan to scale its reach and deliver invoice financing solutions to small and medium enterprises (SMEs) worldwide.

A pivotal milestone in its growth strategy, the proximity advantage of having a physical presence in the UAE will enable Incomlend to serve its existing customers better, the company said in a statement. It will effectively extend its invoice financing marketplace and non-recourse working capital solutions to more businesses in the Middle East and nearby regions like North Africa, Europe, and South Asia.

One of the company’s key customers in the area includes a metal trading firm that processes metals purchased across the globe, including Hong Kong, Japan, Bahrain, Saudi Arabia, the United Kingdom, and the United States. The firm sells processed metal to companies in the UAE. Incomlend provides it with a quick turnaround working capital solution to finance invoices for a total facility of $4 million. The cash flow enables the company to pursue new business streams and grow its business.

Recognising the tremendous market potential and unmet financing demands in the Middle