logo-en
  • Home
  • Companies
  • Investors
  • Opportunities
    • Home
    • SME Loans
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. NewBridge secures investment from Emirates NBD, Mashreq Bank

NewBridge secures investment from Emirates NBD, Mashreq Bank

NOHA.GAD
Nov 28, 2024
Emirates NBD and Mashreq Bank back LoanBook, the syndicated loans platform owned by NewBridge

Dubai - Sharikat Mubasher: Emirates NBD and Mashreq Bank announced a strategic investment in NewBridge Fintech Solutions, a fintech firm owning LoanBook, a next-generation platform digitizing the syndicated loan and private credit markets.

With this investment, LoanBook gains significant resources, scale, and industry support to deliver transformative solutions to the loan capital markets, a recent statement revealed.

Focusing on Europe, the Middle East, and Africa (EMEA) region, LoanBook aims to fundamentally innovate the $5.5 trillion annual loan issuance market across primary syndication, secondary trading, and lifecycle management workflows between borrowers, lenders, and administrative agents.

Sid Bhandari, Founder and CEO of NewBridge Fintech, said: “Our partnership with Emirates NBD and Mashreq Bank is a major step forward in our mission to digitize the syndicated loan market. By collaborating closely with both teams, we will jointly address the numerous friction points in syndicated loan markets and leverage LoanBook's next-generation technologies to bring new, innovative solutions.”

On his part, Hitesh Asarpota, CEO of Emirates NBD Capital, stated that the collaboration with LoanBook aligns with the bank’s collaborative approach to innovation.

"Our loan syndication and agency team will actively collaborate with LoanBook to effectively address the multiple friction points endemic to the current loan market structure,” Asarpota added.

Meanwhile, Chiradeep Deb, Global Head of Investment Banking at Mashreq, commented: "Mashreq is pleased to be part of LoanBook's effort to bring digitization to the loan markets. As part of our Neo ventures initiative, we will actively collaborate, co-create, and commercialize solutions across the larger EMEA markets to bring modernization to the syndicated loans market."

LoanBook offers a centralized marketplace for market participants to access global loan opportunities and automates end-to-end workflows, bringing much-needed efficiency and velocity to an industry still heavily reliant on manual processes. 

Tags

Fintech
Syndicated loan
Private credit
Investments
Share

Attract clients with your ad

Start Now

Trending

Report: Saudi Arabia leads Middle East in crypto inflows
MUBASHER.SA
SAB Invest launches $266M private credit fund focused on MENA
MUBASHER.SA
Kafalah wins Best Institution for Sustainable Finance award
MUBASHER.SA
Saudi Health Ministry organizes Global Health Exhibition 2025 in Riyadh
MUBASHER.SA
E-commerce registrations in Saudi Arabia exceed 39K in Q2-25
MUBASHER.SA

Related News

Funding News
Calendar Icon
Jul 7, 2025
Saudi Arabia’s Startup Scene Hits New Heights: Ninja Joins the Unicorn Club
Read More
Funding News
Calendar Icon
Jul 6, 2025
TruKKer secures SAR 55 mn private credit facility from Ruya Partners
Read More
Funding News
Calendar Icon
Jul 2, 2025
QIA co-leads $250mn funding round for Kardium Inc
Read More
Funding News
Calendar Icon
Jul 1, 2025
Riyadh-based Flawless raises $1.5mn pre-seed round
Read More
Funding News
Calendar Icon
Jul 1, 2025
PetroApp secures $50mn to fuel expansions, prepare for potential IPO
Read More
Funding News
Calendar Icon
Jun 30, 2025
Saudi MSMEs receive SAR 383 bn credit facilities in Q1-25
Read More
Funding News
Calendar Icon
Jun 29, 2025
Saudi Impact 46 backs $5mn round for Spekter Games
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • Opportunities
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher