UAE-based B2B fintech startup XSquare has successfully raised a new funding round from AngelSpark. The value of the investment remains undisclosed.
Founded in 2023 by Tanvir Shah and Ashwin Shenoy, XSquare is tackling the widespread fragmentation in corporate banking and payments, where many processes still rely on time-consuming and costly manual procedures. The fresh capital will be instrumental in accelerating the company’s product development, scaling its infrastructure, and enhancing its automated financial operations.
Streamlining Fragmented Financial Workflows
XSquare provides a unified platform designed to simplify complex financial workflows for global businesses. By integrating regulated banking services and diverse payment tools into a single interface, the company enables enterprises to manage invoicing, payouts, and ERP reconciliation seamlessly.
The platform connects directly to account-to-account real-time payments (RTP), card rails, and cross-border payment infrastructures. This comprehensive integration aims to significantly reduce the administrative burden on businesses, allowing them to scale more efficiently and focus on core operations.
Fueling Product and Infrastructure Growth
The new investment from AngelSpark will be deployed to expand XSquare’s product offerings and scale its underlying infrastructure. A key focus will be on strengthening the platform’s automated capabilities, further reducing administrative friction for its enterprise clients.
According to AngelSpark, the investment aligns with its commitment to supporting scalable technologies that provide practical solutions to fundamental challenges within the global corporate financial infrastructure.
About XSquare
Founded in 2023 by Tanvir Shah and Ashwin Shenoy, XSquare is a UAE-based fintech company building a unified platform for B2B banking and payment operations. The company aims to eliminate the complexities of fragmented financial systems by integrating invoicing, payouts, and ERP reconciliation into a single, automated interface for businesses operating globally.
Source: Wamda
