Bluering

Founder: Fares Kobeissi; Ali Shamseddine and Phoenician Funds Funding: $1.5 million Investors: Phoenician Funds Country: Lebanon, 2007

Bluering offers digital lending and credit risk-management solutions to commercial banks and lending institutions across the Levant, Egypt and Bahrain. In 2018, the company raised funding of $1.5 million from Phoenician Funds, which it plans to use to digitally transform credit risk management. Bluering has three products: Bluering Corporate Credit Management, Bluering SME Credit Management and Bluering Retail Credit Management. It has a MENA partnership with S&P Global Market Intelligence offering S&P risk rating models from within Bluering products. S&P has the right to sell Bluering Commercial as a platform for its risk rating models in any market worldwide.