back Back

Qashio & CredibleX launch financing solution for SMEs in MENA

By Delisha Fernandes

January 09, 2024

  • Accounts Payable
  • B2B Embedded Finance
  • Corporate Cards
Share

QashioQashio, a FinTech company, has partnered with CredibleX, a MENA-based embedded finance platform, to launch ‘Qashio Financing’.

This new initiative marks a significant step forward in providing flexible and accessible financing to businesses of all sizes.

‘Qashio Financing’ is designed to help businesses accelerate growth, bridge cash flow gaps, and enhance operational efficiency with ease. The service delivers quick access to funds, competitive rates, and a streamlined, user-friendly process for Qashio’s SME customers, powered by CredibleX.

“Qashio is committed to empowering SMEs and businesses with dynamic financial tools, to seamlessly manage critical processes and essential business needs, ‘Qashio Financing’ is a testament to this commitment. Through this partnership with CredibleX, we deliver a solution that not only addresses the immediate financial needs of our customers but also supports their long-term growth objectives,” said Armin Moradi, Co-Founder and CEO of Qashio.

The 2023 Mastercard SME Confidence Index indicates a positive outlook in the MENA region, with 72% of SMEs expecting stable or growing revenue with 92% emphasising the need for access to a wider range of financial services. In response to this, ‘Qashio Financing’ stands out with its key features designed to meet the diverse needs of businesses. It offers quick financing options, ensuring timely access to funds when businesses need them the most.

The service provides competitive rates to support and facilitate business growth. Its streamlined process provides an easy-to-navigate application experience, ensuring a hassle-free approach to financing. Additionally, ‘Qashio Financing’ is characterised by its flexibility, offering solutions that cater to a wide range of business needs and sizes.

Ahmad Malik, Co-Founder of CredibleX, said, “Our partnership with Qashio is a game-changer for SMEs, bringing together instantaneous credit decision-making, a choice of financing options for SMEs and a seamless, embedded journey within Qashio’s application. In this way, SMEs can access a highly tailored and efficient financial support system that addresses their unique challenges.

Previous Article

January 09, 2024

Orange Finances Money Mali & TerraPay partner for seamless cross-border payments

Read More
Next Article

January 09, 2024

SBM Bank India selects Jocata to enhance lending experience

Read More








IBSi Daily News Analysis

bahrain, islamic finance

February 22, 2024

Accounts Payable

What makes Bahraini Islamic Finance industry so robust

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

TerraPay & Diamond Trust Bank to simplify global money transfers in Uganda

Read More

February 22, 2024

Kani Payments taps Pismo for data reconciliation and reporting

Read More

February 22, 2024

Western Union expands payments partnership with Mercado Pago

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023