UAE Fintechs Aura Finance and Wafeq Partner to Offer Instant Invoice Financing for SMEs
Aura Finance, a digital lender specializing in SME financing, and Wafeq, the UAE's leading accounting and e-invoicing platform, have announced a strategic partnership to provide instant working capital to businesses across the country. Through a seamless integration, Wafeq users can now convert their unpaid invoices into same-day funding directly on the Aura platform.
Solving the SME Cash Flow Crunch
This partnership directly addresses one of the most significant challenges for small and medium-sized enterprises (SMEs): long payment cycles that can stretch up to 60 days or more. The integration allows businesses to access up to 95% of the value of their unpaid invoices within as little as 24 hours, effectively eliminating cash flow gaps and empowering them to grow without financial constraints.
How the Integration Works
The process is designed for maximum efficiency and ease of use, eliminating manual data entry and reducing approval times by a reported 90%.
Connect Accounts: Users connect their Wafeq and Aura accounts through the integrations tab on the Wafeq platform.
Import Invoices: In Aura, users can import unpaid invoices directly from their Wafeq account with a single click.
Get Funded: After selecting the desired invoices for financing, businesses can receive the funds within one business day.
Crucially, the entire process maintains full compliance with the UAE's Federal Tax Authority (FTA) requirements, and businesses retain complete ownership of their customer relationships.
A Shared Mission to Empower UAE Businesses
This collaboration is built on a shared vision to empower SMEs by allowing them to focus on their core business rather than on administrative tasks like chasing payments or navigating complex financing applications. Wafeq's mission to automate accounting and compliance perfectly complements Aura's mission to democratize access to fast, flexible capital.
A New Financial Playbook for SMEs
This integration represents a transformative shift in SME finance, merging compliance-first accounting with agile funding solutions. By embedding financing capabilities directly into the existing accounting workflow, the partnership delivers significant operational efficiency and financial agility. It provides a trust-centric model that gives businesses the liquidity they need without disrupting customer relationships or creating compliance risks.
About Aura Finance
Aura Finance is a financial technology company based in the MENA region that specializes in providing fast and flexible digital financing solutions to small and medium-sized enterprises, with a focus on invoice financing.
About Wafeq
Wafeq is the leading accounting and e-invoicing software for SMEs in the UAE and the wider MENA region. Its platform is designed to automate accounting, VAT compliance, and other financial management tasks for businesses.
Looking Ahead: A Boost for the UAE's SME Sector
The partnership between Aura Finance and Wafeq provides a powerful tool for SMEs across the UAE, enabling them to unlock earned capital and seize growth opportunities without delay. This kind of ecosystem collaboration is vital for strengthening the financial stability and growth potential of the thousands of small businesses that form the backbone of the UAE economy.
Source: Wafeq