back Back

Xpence and Neoleap launch corporate Visa cards for Saudi SMEs

By Gloria Methri

June 13, 2024

  • Business Expense Management
  • Corporate Cards
  • Financial Management
Share

Xpence, Expense Management, Neoleap, Corporate Cards, Visa, Saudi Arabia, FinTechXpence, the financial management platform with integrated Visa card solutions, has partnered with Neoleap to launch corporate Visa cards in the Kingdom of Saudi Arabia.

The launch event, held at Neoleap HQ in Riyadh, celebrated the first local transaction in Saudi Riyals using the new Xpence corporate Visa cards.

Xpence provides services to both SMEs and corporates with a strong value proposition focused on corporate cards and expense management. It offers a cutting-edge expense management platform embedded with smart Visa corporate cards, enabling businesses to manage petty cash and day-to-day business expenses effectively.

Saudi companies operating in Bahrain and the UAE can open accounts in each country and manage their expenses seamlessly as a team from a single platform across borders. This collaboration aims to enhance financial management capabilities and streamline business operations across the Kingdom.

Xpence launched its first corporate Visa card in Bahrain in 2020 and is now live in the UAE. Since then, SMEs and corporates have conducted hundreds of thousands of transactions using Xpence Visa cards.

Zain Ansari, Co-Founder and chief Commercial Officer of Xpence, said, “Our partnership with Neoleap is a testament to the hard work and dedication of both teams. We are grateful for the support of our Saudi investors and are excited to onboard the hundreds of Saudi companies that have already signed up. This launch aligns with our commitment to Vision 2030 as we strive to empower businesses with cutting-edge financial tools during this exciting boom period in Saudi Arabia.”

Abdullah Al-Ibrahim, CEO of Neoleap, added, “Partnering with Xpence aligns with our vision to support Saudi Arabia’s ambitious Vision 2030 goals. Together, we aim to provide seamless and efficient financial solutions that cater to the evolving needs of SMEs and corporates, driving economic growth and innovation in the region.”

Previous Article

June 13, 2024

dtcpay delivers Sustainable Payments through eco-friendly packaging

Read More
Next Article

June 13, 2024

Pyvio & Currencycloud to offer cross-border payments for Chinese eCommerce businesses

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Business Expense Management

SMEs leverage cloud to gain competitive edge, study shows

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

4 B2B SaaS platforms transforming business operations in the UK

Read More

Today

Google Play & Cash App Pay offer next-gen consumers with payment options

Read More

Today

Revolut secures UK banking licence

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
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 2024