MateSol (InvoiceMate) & MMBL Join Hands to Improve MSMEs Cash Flow

Islamabad: MateSol, the parent company of InvoiceMate and Mobilink Microfinance Bank Limited join hands to improve cash flow for MSMEs in Pakistan.

Mobilink Microfinance Bank Ltd. (MMBL), Pakistan’s leading microfinance institution, and MateSol, the parent company of InvoiceMate a UAE-based blockchain-based invoice verification platform, signed a partnership agreement to offer better access to invoice financing for Micro Small, and Medium-sized Enterprises (SMEs).

According to the agreement, MMBL will use MateSol’s innovative blockchain-based invoice management system ‘InvoiceMate’ for financing invoices, offering MSMEs quick, hassle-free, secure, and transparent invoice financing solutions.

CEO of MateSol & InvoiceMate, Muhammad Salman Anjum, and Sardar Mohammad Abubakar, COO of Mobilink Microfinance Bank Ltd. signed the agreement on behalf of their respective organizations. 

‘The Bank’s commitment to innovation and customer-centricity is reflected in its adoption of cutting-edge financing solutions, which will enable MSMEs to thrive in a rapidly evolving business landscape.

Speaking at the occasion, Muhammad Salman Anjum, Chief Mate at InvoiceMate, said, “We are excited to announce Pakistan’s first invoice financing marketplace with the aim to improve cash flows for MSMEs and drive financial inclusion.”

“Aided by blockchain and AI, we provide smart invoice financing that is quick, secure, and viable for customers and banks, and with our collaboration with MMBL, this will be taken a step ahead.”

Speaking for MMBL, Sardar Mohammad Abubakr, Chief Operating Officer (COO) MMBL, said, “Our collaboration with MateSol is set to revolutionize the financial landscape for MSMEs through digitized processes. We understand the challenges faced by these enterprises in obtaining financing, especially in today’s uncertain economic climate.”

“By leveraging our combined expertise, we aim to facilitate the growth and success of these businesses and ultimately contribute to the development of the wider economy through digital financial inclusion.”

About MateSol & InvoiceMate

MateSol is a UAE-based financial technology provider with a Specialization in Web 3.0 and Enterprise Blockchain. MateSol offers solutions for different verticals of the industry. InvoiceMate is the sister concern of MateSol. InvoiceMate brings the world’s first-ever invoice management system and invoice financing enabler on the blockchain.

About Mobilink Microfinance Bnk Limited:

Mobilink Bank is Pakistan’s leading digital bank with over 42 million registered users, including 16 million active digital wallets. Backed by a multinational telecommunication services company – VEON Ltd., the Bank is a sister concern of Jazz and is a leading player in lending to small and medium-sized enterprises (SMEs).