Mastercard, a global leader in payment solutions, has partnered with Fundbot, a UAE-based FinTech specializing in supply chain financing, to accelerate B2B payment flows across various industries. The collaboration aims to simplify transactions between buyers and suppliers, improve payment efficiency, and drive financial inclusion.
The partnership addresses inefficiencies in traditional payment systems, particularly in sectors like healthcare, where delayed payments are a common challenge. By combining Mastercard’s digital payment capabilities with Fundbot’s dynamic discount product, the initiative seeks to enhance cash flow management for suppliers while reducing operational hurdles for buyers.
Mastercard, known for its secure and seamless payment systems, provides businesses with innovative digital solutions for faster and more reliable transactions. Fundbot, on the other hand, offers advanced supply chain financing integrated with AI-driven tools that recommend optimal discount rates for transactions. Its dynamic discount product encourages faster payments, 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, said, “At Mastercard, we strive to empower businesses of all sizes to benefit from the digital economy. We are driving a paradigm shift in the B2B payments landscape by eliminating the challenges caused by inefficient processes and multiple payment systems. We are excited to partner with Fundbot to create a game-changing platform that streamlines B2B transactions and increases the use of virtual cards.”
Karl Abouzeid, Founder & CEO of Fundbot, commented, “Fundbot is on a mission to revolutionize B2B payments, which are crucial to 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. We are excited to collaborate with Mastercard to fuel the growth of digitized payments in this segment.”
