Business payments connected to accounting
XSquare combines payment providers behind one integration so companies can collect customer payments, pay suppliers and reconcile transactions. Its Mastercard partnership supports card-funded supplier payments settling to bank accounts, connecting commercial-card funding with business accounts payable.
From AngelSpark investment to a broader pre-seed close
AngelSpark announced its investment in February. In August, XSquare announced a pre-seed close with Raed Ventures, AngelSpark, 500 Global and Oraseya Capital. The company will expand payment-provider and bank partnerships, grow engineering and commercial teams, and prepare a Saudi launch alongside its UAE and Qatar presence. The financing amount was not disclosed.
Where the funding goes
- Expand payment-provider and bank partnerships
- Grow engineering and commercial teams
- Prepare Saudi Arabia operations