Fintech & Ecommerce

Qashio and CredibleX to Provide Financing to Businesses in MENA Region

Qashio and CredibleX have established cooperation within the framework of the Middle East and North Africa (MENA) Business Finance Initiative.

Qashio and CredibleX to Provide Financing to Businesses in MENA Region

The Qashio financial solution provides immediate approval and disbursements, competitive rates, and a convenient application process for the clients of this firm. The relevant information is contained in the joint press release of the parties to the cooperation.

As part of the partnership, Qashio corporate cards, cost management solutions, and the embedded CredibleX financial platform are being combined.

Armin Moradi, co-founder and CEO of Qashio, says that in the context of cooperation, not only the urgent financial needs of customers will be met, but also their long-term growth goals will be ensured.

The press release of the partnership’s parties notes that thanks to flexible and affordable financing, a business can accelerate its development, reduce the gap in the flow of money, and increase the level of operational efficiency.

Currently, 72% of small and medium-sized businesses in the MENA region expect stable or growing incomes. Also, 92% of companies in this sector declare the need for access to a wider range of financial services.

The press release notes that Qashio Financing offers solutions for a wide range of business needs and organizations of different sizes.

Ahmad Malik, co-founder of CredibleX, said that the company’s partnership with the mentioned firm is changing the rules of the game for small and medium-sized businesses by combining instant credit decision-making, selection of financing options, and a seamless, embedded journey within Qashio’s app. According to him, in this case, access is provided to a specially designed and effective financial support system that solves unique tasks.

This cooperation started about five months after the partnership between Qashio and Mastercard was established, the purpose of which was to introduce corporate credit cards and provide the possibility of virtual issuance. The companies stated that their joint activities are focused on promoting cashless and flexible cost management for businesses.

Also in this industry, in August, Qarar, in partnership with Biz2X, launched a cloud-based lending platform for small and medium-sized businesses in Saudi Arabia. The companies sought to offer a simplified experience to borrowers and lenders. The goal of this partnership was also to eliminate the funding gap. This problem is relevant for small and medium-sized businesses in Saudi Arabia.

Qashio is a fintech company that has received many awards for its activities. This firm is characterized by innovative approaches to corporate cards and cost management solutions. The company strives to simplify financial processes to ensure business growth.

CredibleX offers consumers access to an innovative embedded financial platform. Within the framework of this offer, small and medium-sized businesses have the opportunity to receive credit funds without hassle and risks. This year, the company intends to have a positive impact on 20,000 organizations facing problems with access to finance.

As we have reported earlier, Crypto Grows in Africa and MENA as Shield Against Inflation.

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.