NEO PAY has formed a strategic partnership with global fintech platform Biz2X to enhance SME financing in the UAE. The move strengthens NEO PAY’s mission to expand embedded financial services for merchants and improve access to fast and reliable credit. The partnership also signals a major shift toward AI driven lending within the country’s digital payments ecosystem.
Transforming SME Lending Through AI
The agreement integrates Biz2X’s AI powered lending engine directly into NEO PAY’s merchant platform. This step aims to improve how small businesses access capital and how lenders evaluate risk. The combined capabilities now help create a seamless marketplace where lenders and merchants connect with greater speed and accuracy.
Key improvements include:
- Real time credit decisioning
- Tailored loan offers based on transaction data
- Faster loan disbursements
- Reduced dependency on traditional paperwork
- A unified space for lenders and borrowers
Vibhor Mundhada, CEO of NEO PAY, stated that the partnership brings smarter and more inclusive lending. He noted that both companies now use NEO PAY’s rich transaction data and Biz2X’s AI engine to simplify lending journeys across the UAE.
A Strong Boost for the SME Sector
Small businesses form a vital part of the UAE’s economic landscape. Many still face long delays and high documentation demands when applying for credit. The new embedded financing model aims to reduce these barriers.
NEO PAY’s platform now gives lenders access to a verified and growing pool of SME merchants. Biz2X’s AI engine also pre qualifies businesses, which reduces acquisition costs for lenders and cuts loan processing time from weeks to days.
Rohit Arora, CEO and Co Founder of Biz2X, stressed the need for frictionless access to credit. He highlighted how the AI powered engine will help SMEs secure funds more efficiently, giving them the confidence to scale their operations.
Seamless Digital Financing for Merchants
The partnership focuses on creating a smooth financing experience for merchants. The integrated system offers:
- Digital onboarding with minimal steps
- Tailored financing based on business performance
- Flexible repayment plans linked to cash flow
- Faster verification and approval cycles
- Access to an expanding marketplace of SME lenders
This setup supports businesses with varied financial needs. It also strengthens NEO PAY’s broader goal to modernize digital payments and support merchants with actionable financial tools.
Strengthening the UAE’s Fintech Ecosystem
The collaboration between NEO PAY and Biz2X highlights the rapid expansion of fintech innovation in the UAE. The shift toward embedded AI lending offers a more transparent and efficient credit environment for SMEs. It also supports the country’s efforts to build a competitive digital economy.
By linking merchant insights with advanced AI capabilities, the partnership creates a new path for fintech growth. It also positions both companies as key players in the region’s financial innovation space.