• UAE-based B2B fintech XSquare has raised a funding round from AngelSpark, value undisclosed.
• Founded in 2023 by  by Tanvir Shah and Ashwin Shenoy, XSquare provides a unified platform for banking and payment operations, integrating invoicing, payouts, and ERP reconciliation for global businesses. 
• The company will deploy the funds in product expansion, infrastructure scaling, and strengthening automated financial operations to reduce administrative friction for enterprises.

Press release:

XSquare has secured a new investment to accelerate the development of its unified B2B financial operations platform.

Founded by Tanvir Shah and Ashwin Shenoy, XSquare simplifies fragmented financial workflows by integrating regulated banking services and payment tools into a single interface. The platform connects account-to-account real-time payments (RTP), card rails, and cross-border payments, while automating invoicing, payouts, and ERP reconciliation for global businesses.

The new capital will support product development, infrastructure scaling, and the expansion of XSquare’s automated financial operations capabilities, enabling businesses to reduce administrative complexity and scale more efficiently.