Mastercard has announced an innovative partnership with Fundbot, a UAE-based FinTech specializing in supply chain financing. This collaboration aims to revolutionize businesses that manage payments between buyers and suppliers, with a focus on speed, efficiency, and cash flow optimization.
The innovative platform, launched in the UAE and Saudi Arabia, introduces advanced features like dynamic discounts to incentivize quicker payments. According to Mastercard’s statement, the platform will initially focus on tackling payment delays in the healthcare sector, an industry infamous for its slow settlements.
AI-Driven Insights Power Efficiency
At the heart of this solution lies Fundbot’s AI-powered tool, which uses advanced algorithms to recommend optimal discount rates for transactions. The tool analyzes variables such as country, industry trends, and buyer preferences, ensuring high acceptance rates while maximizing savings for buyers.
The integration with leading ERP systems also ensures a seamless experience for businesses of all sizes, enabling them to adopt quickly and benefit from this state-of-the-art technology.
Small and medium-sized enterprises (SMEs) in the Middle East and North Africa (MENA) often struggle with cash flow due to delayed payments. This new platform offers a much-needed solution, converting receivables to cash faster and reducing days sales outstanding (DSO).
“Strengthening the buyer-supplier relationship is essential for building resilient supply chains,” Mastercard highlighted. “This innovation supports SMEs while addressing significant gaps in trade finance.”
A Step Toward Digital Supply Chains
As global supply chains become increasingly complex, solutions like these are critical. Experts agree that digital financing options improve liquidity and create more resilient supply chains capable of weathering economic fluctuations.
