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SME

Financial Services

Privileges and support provided:

  • Providing bank facilities with bank guarantee for existing companies.
  • Opening a company account without minimum balance.

 

Contact persons

Business Accounts :
Mrs. Jasneet Mangat
T: 0 4 291 5597 
F: +971 4 3971939
Email: jasneet.mangat@rakbank.ae 

Financing TWC lending:
Mr. Kartik Balasubramanian
T: +971 4 2915495
M: +971 50 5042160
Email: Kartik@rakbank.ae

The first platform for financial technology authorized to engage in the peer-to-peer lending business in the Middle East and North Africa region. It is registered with Dubai Financial Services Authority at Dubai International Financial Center. The platform uses an innovative technology to connect companies seeking fast and affordable funding with investors who can help fund their growth.

Privileges and support provided:

  • Providing financial facilities through the crowdfunding platform at reduced interest rates according to the terms and conditions
  • Providing a guarantee from Mohammed bin Rashid Innovation Fund for UAE Businesses owned by nationals by 100% or 50%.
  • Maximum funding limit is AED1 million.
  • Allocating AED20 million as financial facilities to support companies during Covid-19.

 

Contact person

Jake Carney
04- 5506700
dubaisme@beehive.ae


It is a financial technology platform providing digital accounting services, in addition to a unique blend of industry and artificial intelligence experts to keep daily ledgers and provide financial reports.

Privileges and support provided:

Package “A” includes the following:

  • Comprehensive training on the accounting application
  • Archiving the digital documents for 5 years
  • Tracking the sales and purchases
  • Estimation of revenues and costs (classified)
  • Financial statements
  • Cash management
  • Bank settlements and deferred cheques
  • Sales and purchases reports
  • Account receivable and account payable reports
  • Full VAT services, VAT consultations, support, and submission of VAT and VAT reports
  • Free application for revenue management and invoice payment
  • Tracking payments and receipts through our revenue management system
  • 150 sale and purchase transactions per month (unlimited sales invoices through revenue management application)
  • Free accounting consultation
  • The application is available on mobile phones and web (IOS, Android)
  • An entire accounting department on your mobile phone

 

Package “B” includes the following:

  • Unlimited number of invoices, sales orders, clients and items
  • Management of sales, delivery notes and credit notes
  • Comprehensive training on the accounting application
  • Classified sales reports (deferred receipts, paid or unpaid sales, most important clients, and most important items)
  • Tracking and reminding of unpaid invoices
  • Flexibility in allocating clients’ payments- VAT consultation
  • Registration/deregistration at the Federal Tax Authority
  • Preparing tax reports
  • Follow-up on tax procedures

 

Prices:

Package “A” AED749/month + 3 months for free

Package “B” AED249/ month

Note: The privileges are available for citizens of the UAE and GCC countries.

 

Contact persons

Mohamed Zahran
Partnership Manager 
Mohamed.zahran@mazeed.com
0565472460