Phoenician Fund I invests in Bluering, the digital lending experts.
Bluering, a leading MENA fintech company announced today the completion of the funding of its regional growth strategy. The financing comes from Phoenician Fund, which primarily focuses on seed companies operating in Fintech and other attractive sectors in MENA.
“We are very excited to deepen our relationship with Phoenician Fund who have offered us great support with a global-mindset. A large fraction of the funding will be used to support our banking products’ innovation with the values of digitally transforming Credit Risk Management. Bluering will also allocate funding towards further business development, sales, and marketing efforts to support our global market penetration and growth Plans” says Fares Kobeissi, bluering’s Chairman and CEO.
With a mission to Make the Life of Every Credit Expert Much Easier, Bluering is a leading fintech company that focus on digitally transforming banks’ credit risks with providing digital Commercial, SME and Retail Credit Risk Management and Ratings value solutions. Based in Beirut Digital District with a well-rounded team of Technology & Credit experts, bluering is now geared towards bringing one of best Digital Retail Credit Risk platform to the market by Q4 2018. With recent and upcoming Retail and Commercial products Releases, Bluering remains steadfast in working under a transparent corporate culture in line with international regulations, customer expectations and internal business operations."