Mastercard, a global payment solutions leader, and Fundbot, a UAE-based FinTech specialising in supply chain financing, have partnered to accelerate B2B payment flows across various industries.
The collaboration focuses on simplifying transactions between buyers and suppliers, enhancing payment efficiency, and driving financial inclusion.
The partnership aims to address inefficiencies in traditional payment systems, particularly in sectors like healthcare, where delayed payments are common. By combining Mastercard’s digital payment capabilities with Fundbot’s dynamic discount product, the initiative seeks to improve cash flow management for suppliers and reduce operational hurdles for buyers.
Mastercard, known for its innovative payment solutions and global reach, provides secure and seamless payment systems for businesses and individuals. Fundbot, on the other hand, offers supply chain financing solutions integrated with advanced technologies, such as AI-driven tools that recommend optimal discount rates for transactions. Its dynamic discount product incentivises faster payments, directly improving cash flow and fostering stronger buyer-supplier relationships.
The collaboration will initially launch in the UAE and Saudi Arabia, targeting early claim settlements in the healthcare sector.
Amnah Ajmal, EVP, Market Development, EEMEA, Mastercard, commented, “At Mastercard, we seek to empower businesses of all sizes to enable them to benefit from the digital economy. We are driving a paradigm shift in the B2B payments landscape, putting an end to the operational and financial challenges caused by inefficient processes and multiple payment systems.
“We provide digital payment solutions that allow companies to pay and get paid quickly and securely, expand their reach and deliver a seamless experience for their customers. We are delighted to join forces with Fundbot to co-create this game-changing platform that will streamline B2B transactions and increase the use of virtual cards.”
Karl Abouzeid, Founder & CEO of Fundbot, added, “Fundbot is on a mission to revolutionize B2B payments, which forms a key part of any economy. Through our dynamic discount product, we provide companies with access to funds when they need them most, enabling them to manage their finances more effectively and grow their businesses. We are excited to work together with Mastercard to fuel the growth of digitized payments in this segment.”
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