In a significant move to enhance digital financial services for small and medium-sized enterprises (SMEs), MCB Bank Limited has entered into a strategic partnership with Fauree Tech Pvt. Ltd., a fintech company that specializes in digital supply chain finance solutions. This collaboration marks a major step forward in expanding MCB Bank’s digital financing portfolio and reaffirms its commitment to empowering SMEs through innovative, technology-driven financial products.
The partnership was officially formalized at MCB Bank’s Head Office in Lahore, where senior leadership from both organizations gathered to announce the venture. By leveraging Fauree Tech’s cutting-edge digital platform, MCB Bank aims to provide its corporate clients and SME partners with financing solutions that optimize working capital, enhance cash flow, and simplify complex financial processes.
Mr. Muhammad Nauman Chughtai, President and CEO of MCB Bank Limited, emphasized the strategic importance of the alliance, stating, “This collaboration with Fauree Tech is an important step in our digital transformation journey. By integrating innovative financing solutions, we aim to better serve the evolving needs of SMEs while maintaining operational efficiency and regulatory compliance.”
Fauree Tech, which has been gaining traction in Pakistan’s fintech landscape for its robust digital solutions, will bring to the table a secure and fully digital infrastructure designed to support dynamic supply chain finance operations. Mr. Azhar Tasadduq, CEO of Fauree Tech, highlighted the significance of this alliance for the SME sector, remarking, “SMEs are the backbone of Pakistan’s economy, and our collaboration with MCB Bank Limited will provide them with the essential financial tools needed to grow and thrive. We are committed to delivering a robust, secure, and fully digital platform that drives efficiency and enhances customer value.”
The collaboration reflects a growing trend in Pakistan’s financial ecosystem, where traditional banking institutions are increasingly joining forces with fintechs to extend their digital capabilities and reach underserved market segments. With SMEs accounting for a substantial portion of the country’s business activity, improved access to supply chain financing has become a crucial factor in promoting sustainable economic growth.
MCB Bank’s partnership with Fauree Tech also aligns with the State Bank of Pakistan’s (SBP) broader vision of enhancing financial inclusion through digital transformation. The SBP has been actively encouraging financial institutions to adopt digital innovations that can address the long-standing financing challenges faced by SMEs, especially those operating in informal sectors.
Through this partnership, MCB Bank is expected to offer faster, more accessible, and more efficient digital financing products to SMEs, helping them manage their cash cycles more effectively and make informed business decisions. The integrated digital supply chain finance solution will play a vital role in strengthening the link between suppliers and buyers, enabling smoother transactions and minimizing the need for manual intervention.
As Pakistan continues to embrace digital transformation across its banking and financial services sectors, collaborations like the one between MCB Bank and Fauree Tech serve as a testament to the growing role of fintechs in driving innovation, inclusion, and economic resilience.