Riyadh - Sharikat Mubasher: The Saudi fintech company Nqoodlet signed several agreements with Saudi and Gulf companies during the 24 Fintech to support small and medium-sized enterprises (SMEs) and help them manage their expenses.

The agreements included a strategic partnership with Fai, the leading provider of financial and tax solutions, to empower SMEs with cloud-based invoicing and tax solutions. This agreement aims to simplify financial management, foster SMEs’ growth, and ensure compliance and efficiency.

Nqoodlet also partnered with EdfaPay to streamline the process of accepting payments and issuing invoices, offering businesses a one-stop solution for greater financial efficiency.

The company forged another partnership with Qanoniah, the pioneering Saudi startup specializing in legal tech, to empower businesses to access and manage accurate and up-to-date legal information, improving the efficiency and compliance of legal procedures.

Nqoodlet further inked an agreement with Abwab.ai to empower micro, small, and medium-sized enterprises (MSMEs) to access capital, leveraging artificial intelligence (AI). The partnership targets enhancing the SME lending process through AI-powered underwriting, enabling businesses to access fast and accurate credit assessments.

OptimizeApp, a platform enabling businesses to create, launch, and optimize advertising on social media channels, signed a strategic partnership agreement with Nqoodlet to enable businesses to maximize their growth potential with targeted and data-driven campaigns by integrating advanced digital marketing solutions with expense management solutions.

Moreover, the Saudi company joined hands with the Omani startup Sampo Ai to integrate AI-powered pricing optimization to help e-commerce businesses boost revenue by up to 30%, offering real-time insights into market trends and demand.