Ajman Bank and Yubi MENA Collaborate to Empower Business Banking Clients

Ajman Bank, a prominent financial institution in the MENA region, has entered into a strategic partnership with Yubi MENA. This alliance is designed to enhance access to working capital and supply chain financing solutions for small and medium enterprises (SMEs). By combining Ajman Bank’s market reach with Yubi’s robust digital platform and industry expertise, the partnership seeks to expand SME financing opportunities and deliver value-added services.

Leveraging Technology for Seamless Credit Access

As part of this collaboration, Yubi will deploy its advanced corporate lending and supply chain finance platform — Yubi Enterprise Credit Market — for Ajman Bank. This fully digital marketplace streamlines the lending process, enabling businesses to access credit efficiently and without the complexities typically associated with traditional financing.

Key Leaders Present at the Launch

The announcement of the partnership was marked by the presence of senior executives from both organizations. Attendees included Faizal Kundil, Head of Consumer Banking at Ajman Bank; Gaurav Kumar, Founder and CEO of Yubi; Jyoti Ranjan, Head of Business Banking at Ajman Bank; Mohammed Mardas, Head of Distribution at Ajman Bank; and Sivakumar Rajakkannu, Senior Vice President and Head of Yubi Enterprise Credit Market, MENA.

Faizal Kundil, Head of Consumer Banking at Ajman Bank, stated, “Banks have to work with fintech firms rather than consider them competition. We are in the midst of a journey towards digital transformation, and this collaboration will enhance our SME finance offering to customers in that space.”

Gaurav Kumar, CEO of Yubi, commented, “We are delighted to partner with Ajman Bank to power the SME ecosystem through cutting-edge technology and innovative financial solutions. Our mission is to make access to finance seamless and faster for SMEs, and this partnership marks a significant step towards achieving that goal in the UAE and beyond.”

Commitment to SME Growth and Fintech Innovation

This partnership underscores Ajman Bank’s dedication to empowering SMEs through innovative financial solutions and technological advancement. It highlights the bank’s ongoing efforts to support entrepreneurship, enhance financial inclusion, and foster strategic fintech collaborations across the region.