ECI and Emirates NBD sign pact to boost financing access for small enterprises – The National

ECI and Emirates NBD sign pact to boost financing access for small enterprises – The National

Etihad Credit Insurance (ECI), the UAE Federal export credit agency, signed a preliminary agreement with Emirates NBD and Crediti Fintech, for the implementation of the UAE Trade Finance Gateway that helps small and medium-sized businesses to access finance quickly.

The scheme launched as part of the UAE’s Golden Jubilee is a "receivables financing marketplace that is designed to help businesses based in the UAE to obtain fast and easy access to finance and boost their business”, ECI said on Sunday.

The public-private partnership will position the government body as the main channel, enabling ECI, banks and exporters to trade credit and financial solutions on one unified platform. The ECI insurance cover will allow businesses to obtain secured loans from Emirates NBD, powered by Crediti Fintech's Monimove platform, it said.