Allied Bank has entered into a strategic partnership with Fauree Tech Pvt. Limited, a leading fintech company specializing in supply chain finance solutions, to expand its Digital Supply Chain Financing Products aimed at empowering small and medium-sized enterprises (SMEs) in Pakistan. The partnership was formalized at Allied Bank’s Head Office in Lahore, with key executives from both organizations in attendance.
This collaboration will provide Allied Bank’s corporate clients and SMEs with access to Fauree’s cutting-edge digital platform, offering fast, transparent, and efficient financing solutions. The platform will help businesses optimize their working capital, enhance cash flow, and streamline the entire financing process in an efficient and fully digital manner.
Mr. Mujahid Ali, Chief Technology & Digital Transformation at Allied Bank, expressed the significance of the partnership, stating, “This collaboration marks a major milestone in our efforts to drive digital innovation in Pakistan’s financing sector. We are excited to work with Fauree to provide businesses with an efficient financing solution that meets the evolving needs of SMEs in Pakistan’s dynamic market.”
Azhar Tasadduq, CEO of Fauree, emphasized the importance of supporting SMEs, saying, “Pakistan’s supply chains are largely driven by SMEs, and these businesses face significant challenges in accessing liquidity and financing. Our collaboration with Allied Bank will provide these businesses with the financial tools they need, helping them grow and succeed in a rapidly changing business environment.”
The Partnership Overview
This partnership will leverage Allied Bank’s comprehensive financial services expertise and Fauree’s innovative digital platform to deliver real-time digital financing solutions for SMEs involved in well-organized supply chains. By offering digital supply chain financing (DSCF), the platform will streamline the financing journey for SMEs, helping businesses access the working capital they need to meet seasonal and operational demands.
The platform’s end-to-end digitization ensures transparency, speed, and security, making it easier for businesses to manage their financing needs and improve operational efficiency.
About Allied Bank
Allied Bank is one of the leading commercial banks in Pakistan, offering a wide range of banking services to individuals, businesses, and corporate clients. With a strong focus on digital innovation and business solutions, Allied Bank is committed to delivering value-added services that drive growth and financial inclusion across the country.
About Fauree Tech Pvt. Limited
Fauree Tech Pvt. Limited is a pioneering fintech company specializing in digital supply chain finance solutions. The company is dedicated to helping SMEs and large corporations access timely, secure, and efficient financing through innovative digital platforms, thereby facilitating business growth and digital transformation in Pakistan’s supply chain sector.