Zelo Secures $715M From International Holding Company
This funding round represents one of the largest allocations in the region’s B2B financing space.
Abu Dhabi–based private-credit platform Zelo has secured $715 million from its parent company International Holding Company (IHC) to expand financing solutions for SMEs across the Middle East. This funding round represents one of the largest allocations in the region’s B2B financing space.
Zelo specialises in invoice-backed financing — converting approved invoices from government bodies, large corporates, and regional firms into near-instant working capital, typically within 1–2 days. The model aims to ease cash-flow bottlenecks for suppliers often hampered by long payment cycles and limited access to traditional financing.
Since rebranding from eFunder earlier this year and joining the IHC group, Zelo has financed more than 12,000 transactions across sectors such as oil & gas, infrastructure, construction, retail and marine. The new capital will help accelerate its strategy and target $1 billion in gross financing volume by 2026 — a five-fold increase over current levels.
The platform plans to partner with major “anchor” buyers and institutions such as Emirates Development Bank, National Marine Dredging Company and Trojan Construction Group to expand its origination channels and improve credit quality.
