Statement Intelligence for MENA Lenders

Upload a bank statement to generate a credit risk assessment in seconds.

Drag and drop your bank statement here

PDF, CSV, or XLSX supported

Uses a sample Emirates NBD statement for SnapCart FZCO

Supported Banks

ENBD

Emirates NBD

FAB

NBD

Noor Bank

ADCB

DIB

Trusted by 1000+ companies across MENA · DIFC ecosystem partner

ENBD

Emirates NBD

statement_snapcart_2025.pdf

Analyzing your statement..

This usually takes 10 to 15 seconds.

Starting.. 0%

SnapCart FZCO

CONDITIONAL APPROVAL

DMCC Free Zone, Dubai · E-commerce / Retail · Emirates NBD statement, Mar 2025 to Feb 2026 · Assessed 17 March 2026

Loan Request

AED 500,000

Working Capital Facility

12M Revenue

AED 4.06M

Mar 2025 to Feb 2026

Revenue Growth

+23%

Year on year

DSCR

1.19x

Min threshold: 1.25x

Below min

Current Ratio

1.4x

Min threshold: 1.0x

Credit Score

Based on 1,247 transactions

Conditional Approval

0-40

Decline

41-74

Conditional

75-100

Approve

Monthly Cash Flow

Net operating income, AED thousands

Positive Negative

Revenue vs Expenses

12-month comparison, AED thousands

Revenue Expenses

Sector Benchmark

UAE e-commerce, 2025 data

SnapCart Sector median Top quartile

Risk Flags

4 identified

AI Assessment Narrative

We analyzed 12 months of Emirates NBD statements for SnapCart FZCO, covering 1,247 transactions from March 2025 to February 2026.

The business shows strong year-on-year revenue growth of 23%, driven by growing consumer demand in UAE e-commerce. However, cash flow volatility is notable. Revenue peaks at AED 492,000 in May during Eid al-Fitr and troughs at AED 268,000 in August, an 84% seasonal swing above the sector median of 60%.

The DSCR of 1.19x is the primary concern. It sits 5% below the 1.25x minimum threshold, leaving limited buffer for debt service during the August trough period. The 23-month operating history falls one month short of our 24-month preferred threshold.

We recommend conditional approval at the requested AED 500,000 with three protective conditions. The business fundamentals are sound. The risk is timing and margin, not viability.

Analyst note

DSCR expected to cross 1.25x by Q3 2026 based on revenue trajectory. Consider revisiting for standard approval at that point.

Transaction Categories

Conditions for Approval

Personal guarantee from the primary shareholder covering the full AED 500,000 facility.

Quarterly financial statements submitted via CrossVal portal within 30 days of each quarter end.

Working capital facility only. Maximum tenure 24 months. Capped at AED 500,000.

Financial Deep-Dive

365-day analysis

Statement Coverage

Income Analysis

Expense Breakdown

Loan Position

CrossVal | Credit Risk Assessment Report

Company	SnapCart FZCO
Registered	DMCC Free Zone, Dubai
Statement Source	Emirates NBD, March 2025 to February 2026
Assessment Date	17 March 2026
Loan Request	AED 500,000 Working Capital Facility

CONDITIONAL APPROVAL

Credit score 65 out of 100. Approval recommended subject to conditions below.

Key Metrics

DSCR	1.19x	Below 1.25x minimum threshold
12M Revenue	AED 4,058,000	Mar 2025 to Feb 2026
Revenue Growth	+23% YoY	Strong upward trajectory
Current Ratio	1.4x	Above 1.0x minimum
Operating History	23 months	One month below 24-month threshold

Risk Factors

HIGH

DSCR Below Minimum Threshold

DSCR of 1.19x sits below the 1.25x minimum. Monthly net income averages AED 27,167 against projected debt service of AED 22,700. Margin is narrow.

MED

Three-Month Revenue Decline

Revenue declined for three consecutive months from June to August 2025 (AED 321,000 to AED 268,000). Consistent with UAE summer seasonality but net income approaches break-even during this period.

MED

High Seasonal Revenue Volatility

84% swing between May peak (AED 492,000) and August trough (AED 268,000), above the sector median of 60% for UAE e-commerce.

LOW

Limited Operating History

Business has 23 months of operating history, one month below the 24-month preferred threshold. Resolves automatically by February 2026.

Conditions for Approval

Personal guarantee from the primary shareholder covering the full AED 500,000 facility.
Quarterly financial statements submitted via CrossVal portal within 30 days of each quarter end.
Facility structured as working capital line only. Maximum tenure 24 months. Capped at AED 500,000.

Assessment Summary

We analyzed 12 months of Emirates NBD statements for SnapCart FZCO, covering 1,247 transactions. The business demonstrates strong year-on-year growth (+23%) but notable cash flow volatility driven by seasonal trading patterns typical of UAE e-commerce. The DSCR of 1.19x sits marginally below the 1.25x minimum threshold. We recommend conditional approval with the three conditions noted above. The business fundamentals are sound. The risk is timing and margin, not viability.

CrossVal AI Credit Assessment · hello@crossval.com · crossval.com 17 March 2026