Press Releases |11/06/2024

neoleap and Xpence Launch "Visa Xpence" Card to Empower SMEs in Saudi Arabia

Press Releases | 11/06/2024

neoleap and Xpence Launch "Visa Xpence" Card to Empower SMEs in Saudi Arabia

neoleap, a global leader in digital financial solutions, has announced a strategic partnership with Xpence, a premier platform for financial management and integrated Visa card solutions. This collaboration aims to provide innovative banking solutions tailored for small and medium-sized enterprises (SMEs). The "Xpence" Business Visa card was officially launched at a ceremony held at neoleap's headquarters.

This partnership leverages the strengths of both neoleap and Xpence to offer seamless cross-border financial management for Saudi companies operating in Bahrain and the UAE. With this new solution, businesses can open accounts in each country and manage their expenses efficiently from a single platform, enhancing financial management capabilities and streamlining business operations across the Kingdom.

Commenting on the partnership, Mr. Abdullah Al-Ibrahim, CEO of neoleap, stated, "Our collaboration with Xpence aligns with our vision to support the ambitious goals of Saudi Arabia's Vision 2030. Together, we aim to deliver seamless and effective financial solutions that cater to the evolving needs of SMEs, fostering economic growth and innovation in the region."

Zain Ansari, Co-founder and Commercial Director of Xpence, added, "This partnership is a testament to the dedication and hard work of both teams. We are thrilled to support our Saudi investors and welcome the hundreds of Saudi companies that have already registered. This launch reaffirms our commitment to Vision 2030, as we empower businesses with advanced financial tools during this significant period of economic growth in Saudi Arabia."

neoleap is dedicated to providing cutting-edge fintech solutions that simplify financial transactions, meet customer expectations, and ensure growth and prosperity for both individual and business sectors.

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