I am not sure...I found some said that they are authorized to issue the degree; but I could not find any information. Also, I see lot of Executives from different companies on YouTube vow for the degree itself.
Let's do the math. According to the website, the Smartly MBA lasts 38 weeks (9 months - is that significant?) and requires effort of approx. 3-6 hours weekly. That's 114 - 228 hours of work FOR A GRAD DEGREE! No wonder it's not accredited!