Qashio & CredibleX launch financing solution for SMEs in MENA

By Delisha Fernandes

Qashio, 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.