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Beyon to launch Beyon Money Business for SMEs and Corporates

By Gloria Methri

December 28, 2023

  • B2B Payments
  • Bahrain
  • Beyon
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Beyon, Beyon Money Business, FinTech, MENA Beyon has announced the upcoming launch of Beyon Money Business, a new vertical offering digital financial solutions tailored to both SMEs and corporates.

Delivering expense management through prepaid cards, profitable solutions to invest company liquidity through Flexi Invest, and B2B instant payments, Beyon Money Business will provide a seamless experience for customers, starting in Bahrain and expanding into the MENA region.

Companies registering with Beyon Money Business will be empowered to issue digital prepaid corporate cards for their team members. This will enable them with an efficient and digitized process to handle departmental requirements such as petty cash, invoice payments, travel expenses and much more. The solution has been developed in partnership with Tmam, a spend and expense management platform catering to businesses in the GCC.

Beyon Money Business is being developed to enhance the digitization of payment processes for businesses, helping to reduce timelines for many day-to-day activities including expense reconciliation, receipt consolidation and budgeting.

Additionally, it will automate financial system processes, ensuring efficiency and eliminating errors linked to manual expense reporting, providing analytic tools with valuable insights into spending patterns, expense categories and trends.

Beyon Money Business will also allow companies to invest their liquidity through Flexi Invest, the most innovative liquidity remuneration product in the MENA market offering attractive returns by seamlessly investing their cash, with the freedom to withdraw at any time with no penalty and monthly profit payments.

Chief Digital Growth Officer Shaikh Mohamed bin Khalifa Al Khalifa said, “We continue our portfolio expansion path by addressing the requirements of SMEs and Corporates with the launch of Beyon Money Business. We understand how SMEs and Corporates are in strong need of digital financial services and Beyon Money Business provides tools for the management of companies’ liquidity, optimizing their spending with prepaid cards for their employees, generating profits on their liquidity through Flexi Invest, and reducing their merchant acquiring cost through Beyon Money Checkout the only B2B digital wallet payment solution available in Bahrain.”

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