NEO PAY, a number one UAE digital funds and service provider options supplier, has entered right into a strategic partnership with Biz2X, a worldwide fintech platform that powers over $32billion in SME lending worldwide with its AI-first expertise. This collaboration marks a serious milestone in NEO PAY’s mission to unlock embedded financing for small- and medium-sized enterprises (SMEs) throughout the UAE.

By integrating Biz2X’s superior AI-powered lending engine into NEO PAY’s service provider ecosystem, the partnership will create a market for lenders and debtors. This may allow real-time credit score decisioning, tailor-made financing, and accelerated mortgage disbursement, all immediately embedded inside NEO PAY’s platform.

“NEO PAY is dedicated to constructing a thriving monetary ecosystem for SMEs within the UAE,” mentioned Vibhor Mundhada, chief government officer at NEO PAY. “This partnership with Biz2X permits us to rework how small companies entry capital, making lending sooner, smarter, and extra inclusive. By combining our wealthy transaction information with Biz2X’s AI capabilities, we’re simplifying lending journeys for each retailers and lenders and enhancing the funds panorama throughout the UAE.”

Lenders on NEO PAY’s platform will achieve entry to a verified and quickly increasing base of SME retailers, every with wealthy transaction histories that improve creditworthiness. The combination of Biz2X’s AI expertise considerably reduces acquisition prices by pre-qualifying companies and accelerating mortgage disbursements from weeks to days.

With this partnership, NEO PAY retailers profit from a seamless financing expertise powered by digital onboarding, with mortgage approvals doable in as little as 48 hours. The embedded Biz2X AI engine ensures that every service provider receives financing presents tailor-made to their distinctive money circulation and gross sales cycle. Moreover, reimbursement choices are versatile and align with enterprise efficiency.

“Biz2X is proud to affix forces with NEO PAY to reshape SME financing within the UAE,” mentioned Rohit Arora, chief government officer and co-founder of Biz2X. “Our mission is to make entry to credit score frictionless for small companies globally. Our AI-powered platform will allow NEO PAY retailers to entry capital sooner and extra effectively, serving to them scale with confidence. Collectively, we’re constructing a better, extra inclusive monetary future for SMEs.”

This partnership reinforces NEO PAY’s place as a fintech chief within the area, driving innovation in embedded finance and empowering SMEs to thrive in a dynamic financial panorama.