XSquare Secures Funding to Revolutionise B2B Fintech with Unified Platform

XSquare, a UAE-based B2B fintech, has secured fresh investment from AngelSpark to fast-track the growth of its unified financial operations platform. The value of the round has not been disclosed, but the company’s ambitions are clear: simplify the messy, fragmented world of business finance.

Founded in 2023 by Tanvir Shah and Ashwin Shenoy, XSquare is tackling a problem many founders quietly complain about. Managing payments, invoicing, reconciliation, and cross-border transfers often feels like juggling five different dashboards at once. It’s a bit of a faff, especially for companies scaling across markets. XSquare’s answer is to bring regulated banking services and payment tools into a single interface.

The platform connects account-to-account real-time payments (RTP), card networks, and cross-border payment rails, while also automating invoicing, payouts, and ERP reconciliation. In simple terms, it aims to sit in the middle of a company’s financial workflow and make everything talk to each other—without endless manual work or spreadsheet headaches.

I’ve seen, over the years, how many startups in the MENA region hit a wall not because of lack of demand, but because operations become chaotic as they grow. Payments fail. Reconciliation lags behind. Teams lose time chasing numbers instead of building product. When tools are stitched together without much thought, scaling becomes harder than it should be. That’s why platforms trying to unify financial infrastructure always catch my attention.

The new funding will go towards product development, scaling infrastructure, and expanding the platform’s automation capabilities. The goal is straightforward: reduce administrative complexity and help businesses scale more efficiently. And believe it or not, for global companies dealing with multiple payment methods and currencies, automation is no longer a luxury — it’s survival.

On the flip side, the B2B fintech space is crowded. Many players promise “all-in-one” solutions. The real test will be execution and regulatory depth, particularly when integrating regulated banking services across jurisdictions. I reckon that’s where XSquare will need to be spot on.

That said, the appetite for embedded finance and streamlined B2B operations is growing fast, especially as more startups in the region expand internationally from day one. From my perspective writing for Arageek, there’s a real shift happening: founders are no longer satisfied with patchwork systems. They want infrastructure that simply works, quietly in the background, letting them focus on growth rather than admin chaos.

If XSquare delivers on its promise, it could become an important piece of the region’s fintech backbone. It’s still early days, of course. But in a market where operational efficiency can make or break a scaling business, this move definately signals serious intent.

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