Quantix Secures $500M Citi Securitization for Embedded Lending Platform

Quantix, a subsidiary of UAE-based Astra Tech, secured $500 million in asset-backed securitization from Citi, marking the largest fintech deal in UAE history. The funding will scale Quantix's CashNow lending platform, which provides embedded credit services to gig workers and small-to-medium enterprises. CashNow operates through API integrations embedded directly into non-financial applications, allowing users to access lending products within their existing digital workflows.

The partnership with Citi provides the capital structure needed to expand lending volumes significantly. The deal exemplifies the embedded finance model where financial services are seamlessly integrated into non-bank platforms via secure APIs. It highlights the growing importance of robust API infrastructure and regulatory compliance in embedded lending across emerging markets.

The transaction underscores institutional investor confidence in embedded finance models serving underbanked segments in the MENA region.