Priya Patel
TLDR:
- Qashio and CredibleX have partnered to provide financing solutions for businesses in the Middle East and North Africa (MENA) region.
- The Qashio Financing solution offers immediate approvals, competitive rates, and a user-friendly application process.
- The partnership combines Qashio’s corporate cards and expense management solutions with CredibleX’s embedded finance platform.
- This solution addresses the immediate financial needs of businesses while supporting long-term growth objectives.
- 72% of SMBs in the MENA region expect stable or growing revenue, and 92% say they need access to a wider range of financial services.
- Qashio Financing provides financial solutions for various business needs and sizes.
Qashio and CredibleX have launched a business financing solution in the Middle East and North Africa (MENA) region. The Qashio Financing solution offers immediate approvals and disbursements, competitive rates, and a user-friendly application process. This partnership combines Qashio’s corporate cards and expense management solutions with CredibleX’s embedded finance platform. The goal of this collaboration is to address the immediate financial needs of businesses while also supporting their long-term growth objectives. With the flexible and accessible financing provided by Qashio Financing, businesses can accelerate growth, bridge cash flow gaps, and enhance operational efficiency.
The timing of this solution is significant as 72% of small- to medium-sized businesses (SMBs) in the MENA region expect stable or growing revenue, and 92% state that they need access to a wider range of financial services. Qashio Financing aims to fulfill these needs by offering financial solutions tailored to various business needs and sizes. The seamless, embedded journey within Qashio’s application allows SMBs to access a highly tailored and efficient financial support system that addresses their unique challenges.
This partnership between Qashio and CredibleX comes after Qashio’s previous collaboration with Mastercard to introduce corporate credit cards enabled with virtual issuance capabilities. The goal of that partnership was to promote cashless, flexible expense management for businesses. Additionally, Qarar’s partnership with Biz2X in Saudi Arabia aimed to bridge the financing gap faced by SMBs in the country by launching a cloud-based SMB lending platform.
Overall, the Qashio and CredibleX partnership aims to provide accessible and tailored financing solutions to businesses in the MENA region, addressing their immediate financial needs and supporting their long-term growth objectives.
