Mastercard, a global leader in payment solutions, has partnered with Fundbot, a UAE-based FinTech focused on supply chain financing, to transform business-to-business (B2B) payment processes. This collaboration aims to streamline transactions between buyers and suppliers, boosting efficiency and fostering financial inclusion.

The partnership will address inefficiencies in traditional payment systems, particularly in sectors such as healthcare, where delayed payments are frequent. By integrating Mastercard’s robust digital payment capabilities with Fundbot’s dynamic discount product, this initiative will enhance cash flow management for suppliers and minimise operational burdens for buyers.

Fundbot’s innovative platform uses advanced AI tools to optimise discount rates, incentivising faster payments and improving buyer-supplier relationships. Mastercard, leveraging its global reach and expertise, will ensure secure and seamless payment systems for all stakeholders.

Initially launching in the UAE and Saudi Arabia, the collaboration will prioritise early claim settlements in healthcare.

Quotes

Amnah Ajmal, EVP at Mastercard, highlighted the platform’s potential to revolutionise B2B payments, empowering businesses to participate effectively in the digital economy. Karl Abouzeid, CEO of Fundbot, expressed excitement about enabling businesses to manage finances more efficiently and foster growth through digitised payments.

This partnership underscores a commitment to innovation and efficiency in financial services.