b2b-daily
Home | FinTech | Fintech Blockchain

InvoiceMate and 24SEVEN Unite to Bolster UAE SME Financing

Avatar photo
by Daisy Brown
May 24, 2024
Image Credit: Pixabay
InvoiceMate and 24SEVEN Unite to Bolster UAE SME Financing

In an effort to transform invoice financing for small and medium-sized enterprises (SMEs) in the United Arab Emirates, InvoiceMate has partnered with 24SEVEN. This strategic alliance seeks to directly combat frequent financial roadblocks such as delayed payments and prolonged cash flow issues, which affect approximately 60% of the SMEs in the UAE, hindering their economic progress. By integrating InvoiceMate’s cutting-edge blockchain and artificial intelligence technology with the insightful retail and payment data from 24SEVEN, the collaboration aims to enhance financial inclusion and significantly improve the management of working capital for thousands of SMEs in the UAE’s bustling retail sector.

Enhancing Financial Accessibility Through Technology

The synergy between InvoiceMate’s blockchain capabilities and 24SEVEN’s real-time Point-of-Sale data is foundational to this venture. As 24SEVEN deploys its Optima hardware and tailored software to collect sales data, artificial intelligence plays a critical role in refining credit scoring methods, tailoring them to the unique patterns and performance of SMEs. This new approach eschews traditional and often restrictive credit scoring models, providing a more dynamic and fair assessment of a business’s creditworthiness. InvoiceMate, on the other hand, leverages its advanced financial technology infrastructure to foster better invoicing practices and reinforce capital support mechanisms, thus enabling quick liquidity and access to funds for SMEs in need.

Accelerating Growth in the UAE Retail Market

InvoiceMate and 24SEVEN have formed a strategic alliance to revolutionize the way small and medium-sized enterprises (SMEs) in the United Arab Emirates handle invoice financing. This collaboration aims to address the common financial challenges faced by about 60% of the UAE’s SMEs, including delayed payments and cash flow difficulties, which can significantly impede their growth. Leveraging InvoiceMate’s advanced blockchain and AI technologies combined with 24SEVEN’s extensive retail and payment data, the partnership is poised to promote financial inclusion and dramatically improve working capital management for countless SMEs in the dynamic UAE retail market. The initiative represents a significant step forward in enabling these businesses to thrive by mitigating traditional financial constraints.

Blockchain TechnologyBusiness StrategyCryptoMoney Management

Explore more

How Are A2A Payments Reshaping Global E-Commerce?
July 14, 2026

The traditional dominance of plastic-reliant credit card networks is finally crumbling as a more direct and cost-effective method of moving money begins to dominate the world of global digital commerce. For decades, the invisible architecture of the internet was built upon the foundations of the 1950s, using credit cards as a primary bridge between consumers and vendors. This system worked,

Aptar Unveils Durable Packaging Solutions for E-Commerce
July 14, 2026

The sticky residue of a leaked shampoo bottle pooling at the bottom of a cardboard box has become a familiar, albeit infuriating, ritual for many online shoppers today. This common consumer disappointment often marks the end of brand loyalty, as the unboxing experience—once a moment of high anticipation—transforms into a messy cleanup operation. For beauty and home care brands, ensuring

Intuit Enterprise Suite Delivers AI-Native ERP for Growth
July 14, 2026

The chasm between a mid-market company’s ambitious expansion goals and its actual operational capacity has historically been widened by fragmented software architectures that fail to communicate. While entry-level accounting tools serve their purpose during the early stages of a startup, they often become a liability as complexity increases, leaving finance teams to bridge the gaps with manual spreadsheets and guesswork.

Is macOS 27 Golden Gate More Than Just Apple Intelligence?
July 14, 2026

The launch of the macOS 27 Golden Gate public beta marks a significant evolution in Apple’s long-standing effort to reconcile high-level automation with the granular control required by power users. While the promotional narrative surrounding this release is dominated by the sophisticated capabilities of Apple Intelligence and a revamped Siri, the update offers far more than just a layer of

OpenAI Shifts to Outcome-First Prompting for GPT-5.6 Sol
July 14, 2026

The transition from instructional prompt engineering to a goal-oriented framework represents a seismic shift in how human operators interact with large language models during the current technological cycle. For years, the industry relied on meticulously crafted chain-of-thought instructions to ensure accuracy, but the arrival of GPT-5.6 Sol marks the end of this labor-intensive era. This new architecture prioritizes the final