Abu Dhabi - Sharikat Mubasher: Zelo, a next-generation private-credit platform and a subsidiary of IHC, successfully secured $715 million in capital allocation from IHC to scale its supply chain financing capabilities across the Middle East.
Zelo will use the new funding to expand liquidity access for small and medium-sized enterprises (SMEs) across key sectors and accelerate its deployment strategy, with $1 billion in gross financing volume targeted for 2026, the company announced in a statement yesterday.
This allocation marks one of the largest private credit capital allocations in the region’s B2B financing space.
By originating receivables linked to some of the region’s strongest buyers, Zelo transforms Middle Eastern supply chains into a new investable private-credit asset pool, supporting the region’s deeper participation in global institutional private-credit markets.
Dhanush Arjun, CEO of Zelo, stated that the allocation will enable Zelo to continue expanding across the GCC and building a scalable private credit infrastructure platform rooted in predictable, real-economy assets. “The company remains focused on enabling faster, more efficient access to capital for SMEs and suppliers, reinforcing its role as a foundational driver of private credit growth in the region.”
In turn, Syed Basar Shueb, CEO of IHC, affirmed that the investment will help Zelo scale its platform and contribute to a more resilient, diversified financial ecosystem in the region.
Fully licensed and regulated by ADGM’s Financial Services Regulatory Authority (FSRA), Zelo provides SMEs and mid-market suppliers with financing against receivables owed by government entities, large corporates, and major regional businesses. It also offers bank-guarantee solutions to support contractors participating in national infrastructure and development projects.
