The Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, has welcomed aboard NEBIX, a fintech digital trade finance marketplace headquartered in Doha.
NEBIX joins the QFC’s comprehensive suite of fintech companies, which will help advance Qatar’s position as a rising regional and global fintech and trade finance hub.
Connecting corporates, funders, and insurers, NEBIX is a digital marketplace that validates trade finance requirements, enhance their credit worthiness, and matches clients with appropriate funders and commercial insurers, helping SMEs or small and medium enterprises increase sales, optimise working capital and minimise risks; while acting as a quality origination tool for funders and a facilitator for trade finance brokers.
"Qatar has been putting increased resources into enhancing the business climate for fintech firms and is already reaping the rewards. We have seen a tangible increase in the quantity as well as the quality of fintech firms making Qatar their home through the QFC platform," said Sheikh Fahad bin Jassim al-Thani, vice president, Financial Sector Office, QFC.
The QFC’s strategy aims to develop a stronger regional ecosystem in trade finance. The trade finance platform of NEBIX will contribute to attracting more financial sector and credit insurance players to the QFC, generating more trade finance opportunities for the Qatari banks.
"NEBIX was established to overcome specific trade finance obstacles facing corporates and financial institutions in Qatar and regionally in the wider neighbouring markets. Our aim is to facilitate collaboration between all stakeholders by leveraging our state-of-the-art technology and artificial intelligence capabilities," according to Fadi Saab, chairman, NEBIX.
He said implementing Fineon Exchange’s efficient and non-disruptive model with tried and tested processes would enable NEBIX to become the go-to trade finance partner and solution provider for the region’s corporates, funders, and ecosystem parties.
"We are delighted to support both the QFC Authority and NEBIX in their pursuit of making Qatar the leading fintech and trade finance hub in the region. We look forward to working closely with NEBIX to enable its success,” said Michel Kilzi, chairman, Fineon Exchange.
Connecting corporates, funders, and insurers, NEBIX is a digital marketplace that validates trade finance requirements, enhance their credit worthiness, and matches clients with appropriate funders and commercial insurers, helping SMEs or small and medium enterprises increase sales, optimise working capital and minimise risks; while acting as a quality origination tool for funders and a facilitator for trade finance brokers.
"Qatar has been putting increased resources into enhancing the business climate for fintech firms and is already reaping the rewards. We have seen a tangible increase in the quantity as well as the quality of fintech firms making Qatar their home through the QFC platform," said Sheikh Fahad bin Jassim al-Thani, vice president, Financial Sector Office, QFC.
The QFC’s strategy aims to develop a stronger regional ecosystem in trade finance. The trade finance platform of NEBIX will contribute to attracting more financial sector and credit insurance players to the QFC, generating more trade finance opportunities for the Qatari banks.
"NEBIX was established to overcome specific trade finance obstacles facing corporates and financial institutions in Qatar and regionally in the wider neighbouring markets. Our aim is to facilitate collaboration between all stakeholders by leveraging our state-of-the-art technology and artificial intelligence capabilities," according to Fadi Saab, chairman, NEBIX.
He said implementing Fineon Exchange’s efficient and non-disruptive model with tried and tested processes would enable NEBIX to become the go-to trade finance partner and solution provider for the region’s corporates, funders, and ecosystem parties.
"We are delighted to support both the QFC Authority and NEBIX in their pursuit of making Qatar the leading fintech and trade finance hub in the region. We look forward to working closely with NEBIX to enable its success,” said Michel Kilzi, chairman, Fineon Exchange.