Two UAE-based corporations—digital financial institution Zand and enterprise banking platform Yuze—have teamed as much as assist small companies, startups, and entrepreneurs safe digital enterprise accounts.
The strategic alliance between the 2 companies is designed to make monetary providers out there to eligible, underserved corporations through quick onboarding, an IBAN account, digital banking options, and superior enterprise instruments.
Each corporations are headquartered in Dubai. Zand was based in 2018. Yuze launched in 2022.
Blockchain-powered digital financial institution Zand and digital enterprise banking platform Yuze have teamed as much as assist small companies, startups, and entrepreneurs safe digital enterprise accounts. The strategic alliance will allow eligible, underserved companies within the UAE to entry monetary providers through Yuze’s platform.
“The SME sector is a key progress engine driving the UAE economic system,” Zand CEO Michael Chan mentioned. “We’re excited to associate with Yuze to help the enterprise banking wants of SMEs and startups throughout the UAE, with our revolutionary and client-centric digital banking options.”
The strategic alliance will present corporations with entry to IBAN accounts, digital banking options, and superior enterprise instruments to help their operational and monetary administration, in addition to their future progress. The partnership may even streamline the onboarding course of for enterprise clients, permitting them to determine banking relationships extra rapidly.
“At Yuze we imagine that when banking turns into clever, companies turn out to be limitless,” Yuze CEO Rabih Sfeir added. “Along with Zand, we’re dedicated to offering customer-centric and next-generation banking providers to companies within the UAE.”
Headquartered in Dubai, Yuze provides fashionable enterprise banking options together with digital onboarding, enterprise banking accounts, fee playing cards, and expense administration instruments. Based in 2022, Yuze just lately introduced the launch of its Yuze Freelancer App in India. Designed to empower the subsequent era of freelancers, the answer allows customers to open a digital pockets in minutes, ship and obtain funds, and monitor earnings and bills—all inside a single, intuitive app. “We’re not simply giving monetary entry,” Sfeir mentioned when the providing was introduced. “We’re giving a associate that listens, understands, and grows with individuals.”
Based in 2018 and based mostly in Dubai, Zand is a digital financial institution that serves each retail and enterprise banking clients. A self-described “blockchain-powered financial institution,” Zand makes a speciality of utilizing AI and blockchain expertise to bridge the hole between conventional and decentralized finance. The establishment is licensed by the Central Financial institution of the UAE, the primary all-digital financial institution within the UAE to earn this accreditation. Zand can also be the primary financial institution within the area to safe ISO certifications for data safety administration methods and for privateness data administration methods masking Web3 providers.
Picture by Nick Fewings on Unsplash
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