"World Holding" The acquisition process is completed on a platform "E Fander" And re -launch in the name of "Xilo"

Abu Dhabi, July 15 / WAM / The International Holding Company announced the completion of the acquisition of the EFUNERER platform, the leading private platform in the UAE to finance small and medium -sized companies, and to re -launch it with a new institutional identity under the name “Zilo”, in a prominent move that constitutes the beginning of a new stage in the process of growth of the platform, and expanding its impact to enhance access to capital for promising and fast -growing companies in the region.

It is noteworthy that “Zilo” is licensed and fully organized by the Authority for Organizing Financial Services in Abu Dhabi International (ADGM), and has been practicing its business since August 2020, as the platform provides small and medium -sized companies immediately in exchange for their bills due in order to address the working capital that these companies face in the region.

“Zilo” provides an integrated digital solution that allows rapid access to liquidity by converting the approved bills into a worker’s capital within 24 to 48 hours.

After the global holding company acquired “Zilo”, the platform enters a new chapter within the vision of the comprehensive group to enable promising future economies through responsible investment and employ financial technology solutions, and the platform aims to address one of the most prominent financing challenges in the Middle East and North Africa region, which is the credit gap facing small and medium -sized companies, which is estimated at $ 250 billion.

Although these companies constitute more than 95% of the total companies registered in the UAE and contribute more than half of the gross domestic product, many of them suffer from delays between 60 and 120 days in collecting financial dues, which limits their operational flexibility and their ability to grow. Here comes the role of “Zilo”, which provides a flexible and smooth digital platform that allows financing for the due payments, targeting vital sectors that include construction, logistical services, health care, industry, oil and gas.

“Small and medium -sized companies are a basic pillar for building a diversified and flexible economy that looks forward to the future. After completing the strategic acquisition of Zilo, we are proud of our support for this integrated digital platform, which contributes to addressing one of the fundamental challenges facing these companies, which is to reach the working capital at the appropriate time, and the launch of the new identity of the platform is a starting point towards a stage New and ambitious, fully consistent with the global holding company’s long -term vision to build smartly developed smart solutions, and to consolidate dynamic value networks that make an actual and sustainable economic impact.

For his part, Danosh Arjun, CEO of the Zilo platform, said: “Zilo provides a practical solution to the problem of delay in collecting the payments facing small and medium -sized companies, and the consequent difficulty in reaching the necessary financing for growth. The new institutional identity reflects our continuous commitment to support this vital sector through quick and effective digital financing solutions. With strategic support from the global company Holding, we are steadily moving towards accelerating this trend and contributing to building a better future. “

The “Zelu” platform is characterized by a simple design that enhances speed and ease of use, as it provides a fully digital registration experience, automated financing decisions, with almost immediate access to capital, which contributes to reducing the delay in cash flows and accelerating their growth opportunities. The platform also allows to raise the limits of financing automatically according to the performance of the business, which provides a flexible and smooth experience free of complications.

To date, the platform has facilitated the implementation of more than 9,000 financing operations, and has provided more than $ 200 million of funds, which reflects its growing role and its ability to expand within the system of small and medium -sized companies in the region.

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