Xpence, the leading financial management platform with integrated Visa card solutions, has partnered with Neoleap, a Global Financial Digital Solutions Company, to launch Xpence corporate Visa cards in the Kingdom of Saudi Arabia.
According to Industry sources, this launch marks a huge milestone in aiding the SMEs and corporate landscape in the region, making Saudi Arabia the third market for Xpence. Industry sources also confirmed that the launch event, held at Neoleap HQ in Riyadh, celebrated the first local transaction in Saudi Riyals using the new Xpence corporate Visa cards. The ceremony featured the Neoleap team and the Xpence founding team, highlighting the beginning of a new era for Saudi businesses.
Industry sources further added that this partnership permits direct access to Neoleap and Xpence to leverage each other’s cutting-edge technology, offering Saudi SMEs and corporate clients with Xpence’s Spend Management Platform and its integrated Xpence Visa cards. Saudi firms operating in Bahrain and the UAE can open accounts in both nations and manage their expenses seamlessly as a team from a single platform across borders.
Mr Zain Ansari, Co-Founder & Chief Commercial Officer of Xpence, commented: “Our partnership with Neoleap is a testament to the hard work and dedication of both teams. We are grateful for the support of our Saudi investors, and we are excited to onboard the hundreds of Saudi companies that have already signed up. This launch aligns with our commitment to Vision 2030, as we strive to empower businesses with cutting-edge financial tools during this exciting boom period in Saudi Arabia.”
Mr Abdullah Al-Ibrahim, CEO of Neoleap, stated: “Partnering with Xpence aligns with our vision to support Saudi Arabia’s ambitious Vision 2030 goals. Together, we aim to provide seamless and efficient financial solutions that cater to the evolving needs of SMEs and corporates, driving economic growth and innovation in the region.”
