Riyadh – Sharikat Mubasher: Saudi-based fintech Simplified Financial Solutions Company (SiFi) announced signing a Memorandum of Understanding (MoU) with Thunes Payments to explore a strategic collaboration in the area of Cross-Border Payments for businesses.
This signing event took place during the first day of the 24 Fintech Exhibition, which runs from September 3rd and 5th.
Founded in 2021, SiFi aims to simplify finance management for all types of organizations. As the leading spend management platform in Saudi Arabia, SiFi offers a comprehensive suite of innovative solutions that simplify the entire spend management process, such as smart corporate cards, real-time insights into corporate spending, and automated expense management workflows.
Thunes is a cross-border payments network, that enables seamless, instant, and transparent money movement. Its modular capabilities empower its customers to Pay, Accept, Exchange, and Comply, closing the gap between payment systems in developed and emerging markets worldwide. Founded in 2016 and headquartered in Singapore, Thunes has offices in 20 locations, including Beijing, Manila, Nairobi, London, Paris, Dubai and Barcelona. Thunes currently facilitates payments in 80 currencies across 133+ countries.