The United Arab Emirates is experiencing a rapid digital transformation in trade finance as part of a broader shift in the financial sector toward interconnected digital systems that leverage data and advanced technologies. This initiative aims to enhance the efficiency of business transactions and supply chains while reducing the time needed for financial operations. Concurrently, the fintech sector in the UAE is projected to reach approximately AED 191 billion by 2026, fueled by increased demand for digital financial services and a growing reliance on automated solutions for payments and working capital management. There is a notable acceleration in adopting digital solutions within trade finance and working capital management, driven by regulatory trends promoting electronic invoicing and improving cash flow, particularly for small and medium-sized enterprises that are vital to the nation’s economy.
Marmeen AI, a company specializing in electronic invoicing and integrated finance and approved by the Federal Tax Authority, has announced a strategic partnership with 360TF, an international provider of trade finance and working capital solutions. This collaboration aims to transform how companies manage their invoices, payments, and associated cash flow.
Initially focusing on the UAE market, the partnership plans to expand to regional markets, including Saudi Arabia, Bahrain, and other Gulf Cooperation Council countries, emphasizing the direct connection between electronic invoicing and trade finance mechanisms.
The joint platform provides features such as compliance with upcoming electronic invoicing regulations in the UAE and the capability to convert invoices into cash nearly instantly through supply chain financing and factoring, along with AI-supported dashboards that ensure full regulatory compliance in the Emirates.
Dr. Abhishek Gajo, Chairman of Marmeen AI, emphasized that this partnership extends the development of an integrated digital financial infrastructure, noting that electronic invoicing has become a crucial entry point for financial data, rather than merely a compliance tool. He highlighted that integration with 360TF enables faster collection cycles and improved access to working capital.
Pankaj Mundra, founder of 360TF, pointed out that combining electronic invoicing with trade finance solutions contributes to creating a more integrated ecosystem, linking trade, data, and capital, allowing for quicker and more reliable conversions of trade flows into liquidity.
This development reflects a growing trend in the UAE towards establishing a more integrated digital trade finance system that relies on real-time data and smart technologies as the digital infrastructure of the financial sector expands rapidly.