7X launches platform to support supply chains

7X, a UAE-based group operating in trade, transport and logistics, has launched ADEED Finance to help small and medium-sized enterprises (SMEs) access funding linked to their logistics and supply chain needs. The platform brings together five financial partners: First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Emirates NBD, National Bank of Fujairah and Numou.

Powered by 7X’s fintech arm, FINTX, ADEED Finance covers trade finance, working capital, supply chain finance and invoice financing, among other options.

The platform aims to address funding needs that arise as goods move through supply chains, from purchasing stock and importing products to managing payments and fulfilling orders. For smaller logistics operators, suppliers and traders, access to suitable finance can help maintain cash flow and support the movement of goods.

“ADEED Finance creates a structured link between the operational needs of businesses and the financial solutions that can support them,” said Tariq Al Wahedi, Group CEO of 7X.

The platform forms part of the wider ADEED ecosystem, launched by 7X to connect businesses, government entities and service providers. Financial partners will assess applications independently under their own eligibility criteria.