J.P. Morgan backs Deem Finance with $400m securitisation facility

By Gloria Methri

Deem Finance has partnered with J.P. Morgan in an asset-backed securitisation (ABS) to strengthen its lending capabilities for consumers and SMEs.

Under this agreement, J.P. Morgan will provide up to $400 million through a senior revolving facility, backed by a diversified pool of receivables originated by Deem across multiple asset classes. Designed for flexibility, the transaction allows funding to scale in line with portfolio growth and composition, supporting Deem’s expansion strategy.

This partnership bolsters Deem’s mission to enhance financial accessibility and inclusion. By securing long-term institutional financing, the company diversifies its funding sources, reinforcing its balance sheet while expanding its reach to underserved customer segments. The initiative also contributes to the growth of the UAE’s non-bank financial sector, aligning with the nation’s vision for a dynamic and well-regulated financial ecosystem.

Shehab Gargash, Chairman of Deem Finance said “By leveraging our expertise and partnering with J.P. Morgan, we are enabling Deem’s expansion while enhancing access to credit for consumers and SMEs. We also extend our sincere appreciation to the UAE Central Bank for its unwavering support and regulatory guidance, which has been instrumental in fostering an innovative yet robust and resilient financial ecosystem.”

“This financing reinforces our commitment to addressing the needs of underserved communities in the UAE,” said Chris Taylor, CEO of Deem Finance. “The transaction validates the significant strategic and operational progress the team has made at Deem and supports our balance sheet and growth ambitions over the coming years.”

George Deves, Co-Head of Northern Europe ABS at J.P. Morgan, said, “We are pleased to collaborate with Deem on this strategic transaction. Access to credit is vital for the local economy, and we are pleased to work with Deem on this initiative to support consumers and small businesses in the UAE.”