Tawaref, a leading Saudi-based investment community, has announced the signing of a Memorandum of Understanding (MoU) with SimpliFi, a prominent Cards-as-a-Service (CaaS) platform operating across MENA and Pakistan. This collaboration is set to revolutionize the financial infrastructure for startups entering the Saudi market, offering innovative and flexible financial solutions.
As part of this strategic partnership, SimpliFi will provide Tawaref with its comprehensive suite of wallet and card capabilities, enabling startups to efficiently manage their finances. Key features of the platform include multi-currency wallets, expense management tools, and instant currency transfers, all integrated into a single platform. This initiative will reduce the time and costs typically associated with international bank transfers, providing a streamlined solution for startups looking to expand into the region.
Tawaref’s Saudi Landing Program already offers a wide range of services to support startups, including company formation, legal and accounting services, CEO residency, and government registration. This partnership with SimpliFi strengthens the program’s value proposition, ensuring that startups entering the Saudi market have access to advanced financial tools that simplify fund management and expenditure tracking.
Commenting on the partnership, Saeed Al Ansari, CEO of Tawaref, said:
“This partnership reinforces our commitment to providing startups with everything they need to succeed in Saudi Arabia. By offering innovative financial solutions through SimpliFi, we are helping companies overcome common challenges faced during their founding journey, allowing them to focus on growth and expansion.”
Tawaref’s collaboration with SimpliFi will further empower startups by providing seamless access to essential financial tools, ensuring a smooth entry into the Saudi market and facilitating long-term growth opportunities.
