eFunder · Digital factoring
eFunder
ADGM-registered digital factoring — sells your B2B receivables for a daily fee instead of a traditional interest-bearing loan.
Is eFunder worth it?
- free-zone companies: eFunder onboards free-zone entities on its published criteria.
Eligibility
- Not suitable for
- businesses wanting bank pricing — platform lending is priced for speed and accessibility. Companies without consistent invoice or sales flows to underwrite against
Business operations
- Approval time
- Advances within ~24h (provider claim)
- Free-zone companies
- Yes
Details
- Cost model
- Daily fee on purchased receivables (provider claim)
- Domicile
- Registered in ADGM
- Best for
- Online and offline SMEs with invoice receivables
How onboarding goes
- Application: Submit the request through the provider’s channel and upload documents
- Compliance review: KYC checks and document verification
- Decision: Typical timing: Advances within ~24h (provider claim)
- Go live: Access activated and the product is live
Documents you'll typically need
- Trade licence and Memorandum of Association
- 6–12 months of business bank statements
- Filed VAT returns and latest financial statements
- Invoices or contracts evidencing revenue (for invoice and revenue-based products)
Typical pack for this category — the provider confirms the exact list on application.
Model and timing per provider site, Oct 2026; confirm current onboarding and fee schedule with eFunder.
Verified answers
What does eFunder do?
Digital factoring for UAE SMEs: connect your online accounts, get approved within a day, and access cash against pending invoices through a fully-integrated platform.
Source: website.efunder.ai · verified
How fast is eFunder approval?
The site states approval within a day after integrating your online business accounts for underwriting.
Source: website.efunder.ai · verified
Does eFunder publish rates?
No public rate card — pricing is presented per application after account integration.
Source: website.efunder.ai · verified
Frequently asked questions
Is eFunder worth it for free-zone companies?
Yes — eFunder onboards free-zone entities on its published criteria.