Emirates NBD has agreed a strategic financing facility with Cars24 Arabia, giving the automotive platform a fully digital credit line to accelerate its expansion across the UAE.
The partnership pairs two market leaders in banking and automotive retail, aiming to reshape how dealers and business partners access financing. Through an API-driven integration, Cars24 Arabia can now draw down funds, repay and replenish its credit line entirely online, with no manual processing required.
The digital setup cuts turnaround time on loan creation from days to seconds, delivering what the bank calls a fully straight-through processing journey. Credit limits refresh automatically upon repayment, letting Cars24 Arabia maintain steady liquidity and keep operations moving without interruption.
For Emirates NBD, the deal reflects a broader push into ecosystem-led digital banking, where financial services are embedded directly into partner platforms rather than delivered through traditional channels. The bank says the arrangement is designed to help eligible businesses optimise working capital and scale faster.
Hamad Mohamed Zayed, Group Head of Business Banking at Emirates NBD, said the facility reflects confidence in Cars24 Arabia's growth trajectory and the bank's commitment to tailored digital solutions that support client ambitions.
Abhinav Gupta, CEO of Cars24 Arabia, described the funding as a reflection of the business the company has built, noting that the structure was designed with flexibility and foresight to support its next phase of growth.
The agreement comes as Cars24 Arabia continues expanding its footprint in the UAE, positioning the company for further scale in a competitive automotive retail market. It also underscores Emirates NBD's growing role in financing regional businesses through technology-led banking solutions, as digital infrastructure increasingly becomes a differentiator in commercial lending across the region.
News Source: Burson Global
