# Anand Nagaraj

> Anand Nagaraj is the Dubai-based co-founder and CEO of CredibleX, a UAE embedded-finance lender. Previously a Citi senior vice president and Middle East product head, he founded Invoice Bazaar in 2016 and led it through its sale to Triterras. His work centres on working capital for smaller businesses through supplier, marketplace and payments relationships.

- **Role:** Co-Founder & CEO at CredibleX
- **Organizations:** CredibleX, Invoice Bazaar, Triterras, Citi, ICICI Bank, KLM Royal Dutch Airlines
- **Education:** Post Graduate Program in Management, Indian Institute of Management Kozhikode, Fintech Certificate Course - Future Commerce, Massachusetts Institute of Technology, Bachelor’s degree, Christ University, Bangalore
- **Known for:** Built Invoice Bazaar and led it through its sale to Triterras., Led CredibleX as it secured institutional debt and equity funding., Invoice Bazaar won the MENA Fintech of the Year award at FinTech Abu Dhabi, as recorded in the 2021 acquisition announcement.

## Career timeline

- **1996-2000** — Worked in sales and revenue management at KLM Royal Dutch Airlines, according to his publicly indexed career profile.
- **2003-2007** — Assistant vice president at ICICI Bank, according to his publicly indexed career profile.
- **2007-2016** — Worked at Citi; became senior vice president and Middle East commercial banking product head.
- **2016** — Founded Invoice Bazaar.
- **2017** — Invoice Bazaar received investment from former Citi Asia Pacific CEO and chairman Shirish Apte.
- **2021** — Triterras announced its acquisition of Invoice Bazaar; Nagaraj joined as executive vice president, Middle East.
- **2024-02** — CredibleX publicly welcomed him as co-founder and CEO; the company itself was founded in 2023.
- **2025-09** — CredibleX secured a $100 million senior secured credit facility from Pollen Street.
- **2026-05** — Mubadala led CredibleX’s Series A with Further Ventures participating in a broader $15 million equity raise.

## Achievements

- Built Invoice Bazaar and led it through its sale to Triterras.
- Led CredibleX as it secured institutional debt and equity funding.
- Invoice Bazaar won the MENA Fintech of the Year award at FinTech Abu Dhabi, as recorded in the 2021 acquisition announcement.

## Latest updates

- **2026-08** — Appeared with Hassan Reda on Couchonomics with Arjun to discuss SME lending, underwriting, AI and alternative capital.
- **2026-06** — Described eight to ten months of focused fundraising and 47 investor conversations in a RoundBrief interview.
- **2026-05** — CredibleX announced a Mubadala-led Series A as part of a broader $15 million equity raise.
- **2026-02** — CredibleX and NEO PAY announced a financing partnership.

## Links

- LinkedIn: https://www.linkedin.com/in/anand-nagaraj-bb30503/

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Profile page: https://yespress.io/anand-nagaraj
Published by YesPress — https://yespress.io
Last updated: 2026-10-15