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Abu Dhabi fintech firm secures $500m asset-backed financing
Quantix Technology Projects, a subsidiary of Abu Dhabi-based Astra Tech, has obtained US$500 million in asset-backed securitization financing from Citibank.
The financing is among the largest obtained by a UAE fintech firm.
It will support Quantix’s CashNow consumer lending platform.
Quantix, which gained a finance company license from the UAE Central Bank earlier in the year, will expand its lending and microfinancing services.
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