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Deem Finance - About the company
Deem Finance is an acquired company based in Abu Dhabi (United Arab Emirates), founded in 2008. It operates as a Provider of an internet first bank for consumers and businesses. Deem Finance has raised an undisclosed amount in funding. The company has 25 active competitors, including 6 that have exited. Its top competitors include companies like GE Capital, Finance House and KJMC Finserv Group.
Company Details
Provider of an internet first bank for consumers and businesses. Its a financial services company based in the UAE that offers a range of products including credit cards, personal loans, deposits, and merchant loans. It offers general-purpose credit cards and travel credit cards. It also offers payroll solutions to businesses.
- Website
- www.deem.io
- Social
- Phone Number
- +971 **********
Key Metrics
Founded Year
2008
Location
Abu Dhabi, United Arab Emirates
Stage
Acquired
Latest Funding Round
Investors
Ranked
2nd among 25 active competitors
Employee Count
1,701 as on Apr 30, 2026
Exit Details
Acquired by Gargash Group (Sep 19, 2021)
Deem Finance's acquisition details
Deem Finance got acquired by Gargash Group on Sep 19, 2021.
Click here to take a look at Deem Finance's acquisition in detail
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Deem Finance's funding and investors
Deem Finance has raised funding over 1 round. Its latest funding round was a Conventional Debt round on Apr 15, 2025 for $*****. 1 investor participated in its latest round. Deem Finance has 3 institutional investors.
Here is the list of recent funding rounds of Deem Finance:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 15, 2025 | 9756774 | Conventional Debt | 2086315 | 7995711 | 8030091 | 5063308 |
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Deem Finance's founders and board of directors
Founder? Claim ProfileDeem Finance's employee count trend
Deem Finance has 1,701 employees as of Apr 26. Here is Deem Finance's employee count trend over the years:
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Deem Finance's Competitors and alternates
Top competitors of Deem Finance include GE Capital, Finance House and KJMC Finserv Group. Here is the list of Top 10 competitors of Deem Finance, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | GE Capital 1932, Norwalk (United States), Public | Provides commercial aircraft leasing and lending services | - | 60/100 | |
2nd | _1583227914902.jpeg?devicePixelRatio=2&height=30&width=30){kind=logo} Deem Finance 2008, Abu Dhabi (United Arab Emirates), Acquired | Provider of an internet first bank for consumers and businesses | - | 54/100 | |
3rd | Diversified NBFI | - | 45/100 | ||
4th | _1577699167028.png?devicePixelRatio=2&height=30&width=30){kind=logo} KJMC Finserv Group 1988, Mumbai (India), Public | Corporate advisory firm | - | - | 39/100 |
5th |  aafaq Islamic Finance 2006, Dubai (United Arab Emirates), Deadpooled | Sharia-compliant platform for lending and financing | - | - | 37/100 |
6th |  ADEX 2019, Abu Dhabi (United Arab Emirates), Unfunded | Provider of SME loans | - | - | 37/100 |
7th | Mawarid Finance 2006, Dubai (United Arab Emirates), Unfunded | Diversified Islamic lending NBFI | - | - | 36/100 |
8th |  Al Ain Finance 2017, Abu Dhabi (United Arab Emirates), Unfunded | Provider of alternative financing solutions for SMEs | - | - | 26/100 |
9th |  Fincobox 2022, Dubai (United Arab Emirates), Unfunded | Startup that provides fast and flexible funding solutions for businesses | - | - | 24/100 |
10th | Smart Finance Dubai 2011, United Arab Emirates, Public | Facilitates personal, business, auto, mortgage, and commercial property loans and credit cards | - | - | 24/100 |
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Deem Finance's Investments and acquisitions
Deem Finance has made no investments or acquisitions yet.
News related to Deem Finance
Filter this listMedia has covered Deem Finance for a total of 3 events in the last 1 year, 2 of them have been about partnerships.
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Deem Finance Secures $400 Million Debt Facility from JP MorganCairoScene•Apr 15, 2025•Deem Finance, J P Morgan
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Nucleus Software & Deem Finance Expand Partnership with FinnOne Neo® CollectionsPR Newswire•Apr 15, 2025•Deem Finance, Nucleus Software
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Deem Finance lands $400m J.P. Morgan deal to fuel UAE lendingGulf Business•Mar 06, 2025•Deem Finance, J P Morgan
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Deem and J.P. Morgan partner with a USD 400 mln securitisation facilityThe Paypers•Mar 06, 2025•Deem Finance, J P Morgan
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Deem Finance and J.P. Morgan Partner With a Milestone $400 Million Securitization FacilityFintech Finance•Mar 04, 2025•Deem Finance, J P Morgan
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Deem launches AI enabled real-time application scorecard systemKhaleej Times•Jul 24, 2024•Deem Finance, StraitsBridge, Mubadala, Fullerton Financial Holdings
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