India’s Klub sets up shop in the UAE: Indian revenue based financing (RBF) platform Klub has received regulatory approval from the Abu Dhabi Global Market (ADGM), according to a statement from Klub. The fintech has readied a AED 1 bn credit umbrella for small and medium sized-enterprises (SMEs) and startups in the region.

What’s an RBF? Traditionally, revenue-based financing refers to a form of investment that sees investors receive a share of revenues until a specific amount has been paid. The fintech model for RBFs involves a fully digital application and assessment process.

Background: The ADGM’s Financial Services Regulatory Authority launched a regulatory framework last week for the operation of private credit funds in a bid to improve access to financing for SMEs.

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