Comera Finance, part of Comera Financial Holding and Abu Dhabi’s Royal Group, announced today that it has received in-principle approval from the Central Bank of the UAE to operate as a fully licensed non-banking financial company (NBFC).
Comera Finance will offer the entire spectrum of products, including retail, SME and corporate lending. This includes credit cards, personal loans, mortgages, vehicle finance and other borrowing requirements of consumers and letters of credits, bank guarantees, performance bonds, working capital lending and tailor-made supply chain finance to its SME’s and Corporate clients.
This significant milestone reinforces Comera Finance’s commitment to delivering a seamless, tech-powered financial ecosystem tailored for the UAE’s digitally connected future.
Advanced digital infrastructure to support cashless economy goals
At the heart of Comera Finance’s offering will be its advanced digital infrastructure. Built on scalable cloud architecture, the platform leverages real-time processing, advanced security, AI-driven fraud detection and instant payment notifications to create a frictionless experience for users.
“With this NBFC license, Comera is stepping into a transformative role in the UAE’s fintech ecosystem. Our technology-first approach supports the nation’s long-term goal of a cashless, digitally empowered society led by visionary leadership and robust regulatory frameworks,” stated Akhtar Saeed Hashmi, CEO and managing director of Comera Financial Holding.
This approval aligns with the UAE leadership’s ambitious vision to build a world-class digital economy, promoting financial inclusion, innovation and seamless access to digital services.
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Comera Finance to integrate with AANI
As part of this national vision, Comera Finance will integrate with AANI, the Instant Payment Platform (IPP) and support Jaywan card issuance, paving the way for greater adoption of cashless transactions across the country.
As the UAE accelerates toward becoming a regional fintech leader, Comera stands ready to support that journey, merging innovation with trust to reshape financial experiences for the modern era.
Comera Finance is expected to go live to the public by the end of Q3 of 2025 with a host of digital offerings.
