SaaScada has been chosen by ARIE Finance to support its international payments service for mid-sized B2B businesses.

SaaScada, a cloud-native core banking provider, will enable ARIE Finance to simplify cross-border transactions, particularly in Africa, where the company seeks to become the first B2B firm with a PSP licence in Mauritius.

ARIE Finance’s banking platform is designed to offer fast, secure, and personalised financial services, integrating multi-currency accounts, payments, and a global FinTech partner network. The company aims to streamline onboarding by tailoring its approach to each applicant’s needs, enabling account setup within days while maintaining stringent fraud and financial crime controls.

ARIE Finance founder and executive vice-chairman Stephen Margolis said, “With a thriving investment scene and high regulatory standards, Mauritius is fast becoming the ‘Singapore of the West’, acting as the central financial services hub for the African and Indian subcontinents. But international businesses often struggle to set up accounts in the region because of outdated systems and rigid onboarding processes. This is hampering innovation as many exciting businesses are excluded based on their size, location, or industry, without any effort made to understand their business.

“ARIE Finance is shaking up the industry and taking the pain out of opening international accounts. By coupling the features of a digital-first neobank like fast online setup with a dedicated team who can personally review applications, we will go beyond ‘Know Your Customer’ to ‘Understand your Customer’.”

SaaScada’s real-time data capabilities will provide ARIE Finance with instant insights into customer behaviour, while its cloud-native architecture allows the financial institution to rapidly develop and iterate new banking products.

SaaScada co-founder and CEO Nelson Wootton commented, “SaaScada is dedicated to making first-class banking products available to everyone, so we’re proud to work with ARIE Finance, helping underserved B2B businesses set up in growing markets. We love collaborative partners who want to grow with us, and we’re looking forward to working closely with ARIE Finance and Stephen Margolis in the coming months to bring even more banking services to mid-sized businesses operating in Africa and beyond.”