Partner at Shorooq Partners
Check size: No standard personal ticket is published. Shorooq describes Nahda as flexible, tailored debt financing for high-growth and established MENA businesses. Public examples include $15M for Abhi and $12.5M for The Box, but those transactions are examples—not a stated minimum, maximum or personal range.
Nathan uses tailored private credit to fill the financing gap left by conservative banks and to help technology companies reach their next growth milestone with less equity dilution. His underwriting lens balances flexible structure and founder needs against lender downside protection, cash-flow visibility, repayment capacity and disciplined risk-adjusted returns. He also sees a cross-border opportunity connecting Korean technology with MENA demand and capital.
Bring a lender-ready package: historical and forecast financials, monthly cash flow, revenue quality, receivables aging, existing debt and security, ownership, governance, downside cases, use of proceeds, requested tenor and repayment plan. Explain why credit is more appropriate than equity and propose a structure that protects both runway and lender downside.
Businesses with a defined use of proceeds, measurable revenue or receivables, credible repayment sources, repeat customers, durable margins, disciplined cash management, strong governance, and a financing structure aligned to the company's growth trajectory. Cross-border companies with demonstrated customer retention and global capability also fit his public lens.
Inferred from private-credit practice: unclear repayment capacity, debt used to mask structurally negative economics, weak reporting, poor governance, fragile collections, excessive leverage, an equity-risk use case disguised as credit, or a facility whose amortization and covenants conflict with the business model. This is not a published personal exclusion list.
Verify that the company has a visible repayment source and milestone-driven use of funds; if the outcome depends primarily on uncertain venture upside, equity may be the more honest instrument.
Design tenor, pricing, security, covenants and amortization so founders gain non-dilutive runway while the lender retains adequate protection and a fast, predictable distribution profile.
Model revenue, collections, margin and funding shocks to determine whether debt service remains viable and whether the structure provides enough headroom before problems emerge.
“Availability of diverse financing options comprises a key piece in our ecosystem's continued maturity.”
— MAGNiTT / SHUAA 2022 MENA Venture Debt Investment Report
Private credit can serve technology companies underserved by stringent bank criteria through faster, confidential and more tailored financing structures.
Venture debt is a complementary financing tool whose adoption reflects a maturing regional capital ecosystem.
Korean deep-tech companies can use MENA capital and demand as a global expansion bridge, while retention and international capability remain central underwriting signals.
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