ARIE Finance taps SaaScada to simplify international payments for businesses
By Gloria Methri
SaaScada has been selected by ARIE Finance to power its international payment service for mid-sized B2B businesses. ARIE Finance aims to be the first B2B company with a PSP license in Mauritius and will act as a payment gateway into Africa’s complex but lucrative market.
Its banking platform will specialise in cross-border transactions, offering customers a personalised, speedy, and safe account setup. It will embed multi-currency accounts, payments, and access to a best-in-class FinTech partner network across multiple geographies.
By taking the time upfront to understand the applicant’s business, meet their unique needs, and provide a personal interface, ARIE Finance will be able to onboard clients in a matter of days whilst maintaining strong fraud and financial crime controls.
Stephen Margolis, Founder & Executive Vice-Chairman of ARIE Finance, said, “With a thriving investment scene and high regulatory standards, Mauritius is fast becoming the ‘Singapore of the West’, acting as the central financial services hub for the African and Indian subcontinents. However, international businesses often struggle to set up accounts in the region because of outdated systems and rigid onboarding processes. This is hampering innovation as many exciting businesses are excluded based on their size, location, or industry, without any effort made to understand their business.”
“ARIE Finance is shaking up the industry and taking the pain out of opening international accounts. By coupling the features of a digital-first neobank like fast online setup with a dedicated team who can personally review applications, we will go beyond ‘Know Your Customer’ to ‘Understand your Customer.’”
SaaScada’s real-time data capability will provide ARIE Finance with immediate insights into how its customers are using its products. At the same time, its cloud-native data-driven core banking engine allows ARIE Finance to build new products easily and iterate at speed. This ensures that ARIE Finance’s services will be optimised to meet customer needs.
“Through our financial services ecosystem, customers will be able to access best-in-class services from other FinTechs. But to support this, we needed a flexible and modern core banking solution to help us grow. SaaScada is the perfect partner to help us fulfill these objectives.”
Nelson Wootton, Co-Founder and CEO at SaaScada, added, “SaaScada is dedicated to making first-class banking products available to everyone, so we are proud to work with ARIE Finance, helping underserved B2B businesses set up in growing markets. We love collaborative partners who want to grow with us, and we’re looking forward to working closely with ARIE Finance and Stephen Margolis in the coming months to bring even more banking services to mid-sized businesses operating in Africa and beyond.”
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