Become a supplier
Join Comfi as a supplier and forget about late payments, improve cash flow, and streamline your transactions with us.
Companies Who Trust Us
4.8
Average rating from buyers
What value can you get with Comfi?
Get paid upfront
Offer payment terms your clients & get paid day 1. Forget about late payments: let us collect.
Increase sales
Boost average order value by 40% and increase client loyalty by giving your clients more leverage.
Save time on chasing
Delegate collections and risk to us and keep your focus on growing your business.
What you need to be qualified?
1LocationUAE
2Business typeB2B
3Monthly turnoverAED 200K+
4Be a business that is 12 months orOLDER
01Sign an agreement with Comfi and sign up on our platform
02Send invoice in Comfi or with your own platform
03After your client is qualified, Comfi will notify you to start delivery
04Comfi pays you upfront within 3 business days
What you need to provide
Following our standard KYC&KYB compliance procedures you will be asked to provide the following documents:
1Trade license
2MOA
3EID of authorized signatory
We’ve seen a 2X increase in order value and acquired +50% new clients without any concerns about their creditworthiness.
Arif Shahzad Butt
MD at Prefab Group of Companies
We are no longer offering any new credit terms unless it goes through Comfi. It’s cost effective to maintain credit business, as they take away all the risk and collection headaches away.
Rohit Thomas
CEO and Founder
at RF Technologies
Our cash flow has never been smoother! With no more worries about delayed payments, we can focus on growing our business and ensuring timely payments to our suppliers.
Anamika Hans
Co-founder and COO
The partnership with Comfi marks a groundbreaking development for us. With Comfi powering our transactions, we’ve exponentially grown our deals, establishing ourselves as the top choice for dealers in the auto auction industry.
Kara Pearse
Business Development Manager
at Parklane Motors
Let's Comfi help you grow your business
Frequently Asked Questions
What is Comfi?
Comfi is a B2B payment platform for companies of all sizes. We empower B2B wholesalers, suppliers, and marketplaces by providing flexible payment terms and streamlining the collection process through direct debit, while also managing the associated risk assessments.
Depending on the specific agreement with the supplier, buyers can choose to pay us on credit terms of 30, 60, or 90 days, and the supplier receives the payment upfront.
Which countries does Comfi support?
Comfi is currently operating in the UAE and has exciting plans to expand its operations in the near future
How does Comfi’s pricing work?
Comfi charges a transaction fee to suppliers for every completed transaction. This fee includes all expenses related to financing, risk management, and the collection processes that Comfi facilitates.
How long is the approval process?
The review of the account can take up to 24 hours.
How secure is Comfi?
At Comfi, your security is our top priority, and we take comprehensive measures to protect your financial information and documents. Here’s how we maintain the highest level of security:
Due to the complexity of our qualification process, which incorporates inputs from various sources, it is not feasible to provide a one-size-fits-all explanation. However, here are the primary reasons a company may face rejection after undergoing the qualification process:
1. Advanced Data Encryption:
All financial information and documents submitted to Comfi are encrypted using the Advanced Encryption Standard (AES) algorithm, specifically AES-256. This encryption method is among the most robust available, widely recognized for its security, and used by governments and financial institutions worldwide.
2. Secure Payment Processing:
We process payments through the UAE Direct Debit System (UAEDDS), overseen by the Central Bank of the UAE. This system is designed to uphold the highest standards of security and reliability, ensuring that all payment transactions are processed safely and securely.
3. Compliance with Regulatory Standards:
Comfi adheres to all relevant data protection and privacy regulations, ensuring that your information is managed responsibly and ethically. We follow best practices to maintain the confidentiality and integrity of your data.
By implementing these comprehensive security measures, Comfi ensures that your financial information and transactions are protected at all times. You can trust that your data is secure with us.
What businesses does Comfi Partner with?
We invite sellers from various B2B sectors, including manufacturers, wholesalers, and professional services. Comfi will conduct a compliance check to ensure adherence to our risk policy, allowing you to utilize our services effectively.
To request more information or to sign up for our platform, please sign up here.
How does Comfi do collections?
We automatically collect funds by debiting the buyer’s bank account using the Direct Debit system established by the UAE Central Bank. To facilitate this process, your clients must complete a Direct Debit Authorization (DDA) at checkout, which grants Comfi permission to debit their bank account.
On the due date, the specified amount will be automatically withdrawn from the registered account, provided there are sufficient funds available for the transaction.
How are the payments scheduled?
Comfi will process the full payment amount, minus any applicable fees, within five days of accepting the delivery note. The payment will be directed to the bank account you have provided.
Once Comfi accepts the delivery note, the payment for the buyer will be scheduled for either 30, 60, or 90 days, depending on the payment terms agreed upon with the supplier.
Are there any fees?
Comfi is Shariah-compliant with no fees or interest for buyers, provided the payment is completed on or before the due date. However, the supplier will be charged with a processing fee.
Why are my customers getting rejected?
In today’s digital landscape, it is essential to implement effective strategies to combat fraud and money laundering, while also ensuring compliance with Comfi’s Risk Policy.
Due to the complexity of our qualification process, which incorporates inputs from various sources, it is not feasible to provide a one-size-fits-all explanation. However, here are the primary reasons a company may face rejection after undergoing the qualification process:
- Insufficient funds;
- Overdue payment;
- Less than six months of revenue history;
- Violation of Comfi’s Terms & Conditions.
What are the credit terms available?
Comfi provides buyers with flexible payment terms of 30, 60, or 90 days, depending on the agreement with the supplier.
Will Comfi charge an interest?
No, Comfi is a Shariah-compliant payment service with no fees and interest for buyers. However, in the case of overdue payments, a late charge is applicable and your company’s credit score might be impacted.
What information is required for financing for buyers?
We require your business information such as the trade license, owner information, and a bank statement to assess your company’s financial health. Please ensure your business meets these requirements:
Company operations: your company must be registered and operating in the UAE for at least 6 months. Revenue history: your business bank account should have a revenue history of at least 6 months. Sufficient monthly balance: kindly ensure your account has maintains sufficient balance to cover repayments. Non-payments will affect your credit scored with the Etihad Credit Bureau. Note: To increase your limit we may request you to send additional financial documentation, such as the VAT return or audited financials. You can send these directly to [email protected].
How is the due date for the payment determined?
After Comfi approves the delivery note, the payment will be scheduled for either 30, 60, or 90 days, based on the payment terms agreed with the supplier.
What happens when I miss a payment?
At Comfi, our mission is to empower your business by facilitating responsible purchasing and payment practices. We send regular reminders to help you stay on track and avoid missing any payment deadlines. In the event that a payment is missed on its scheduled due date, new purchases through Comfi will be temporarily suspended until the outstanding balance is settled, and late fees might apply. Please be aware that invoices issued by Comfi are non-cancellable, and it is your responsibility to adhere to the complete payment schedule. Missing a payment will affect your company’s credit score.
