In Riyadh, Saudi Arabia, Tawareef, a leading provider of comprehensive services for startups, has announced a strategic partnership and memorandum of understanding with SimpliFi, a payment card service platform. This collaboration aims to facilitate financial transactions for companies looking to expand into the Saudi market by offering flexible financial solutions, including easy management and conversion of funds across various currencies.
Tawareef offers a wide range of services to startups, such as company formation, legal and accounting services, CEO residency, and government registration through the Saudi Landing Program. This program is designed to simplify market entry for non-Saudi startups. Through the partnership with SimpliFi, Tawareef will support startups by providing access to SimpliFi wallets and cards. These benefits include multi-currency wallets and cards, expense tracking and management, holding funds in different currencies, instant currency conversion, and saving time and costs associated with international bank transfers, all within a single integrated platform.
Saeed Al-Ansari, CEO of Tawareef, stated, This partnership reinforces our commitment to providing startups aiming to expand in the Saudi market with everything they need to succeed, ensuring a comprehensive setup journey and offering innovative financial solutions to help these companies overcome common startup challenges and focus better on growth and expansion.
