Mawarid Finance and NymCard Launch B2B Spend Management Platform Lynq in the UAE
Mawarid Finance has launched Lynq, a new financial management platform developed in partnership with payment processor NymCard, marking its entry into the UAE corporate spend management market. The platform is designed to help small and medium-sized businesses manage company spending through a single digital interface.
According to the companies, Lynq brings together corporate cards, expense tracking, and global supplier payments in one dashboard. Businesses using the platform are provided with a dedicated virtual IBAN, allowing them to fund their accounts and manage expenditure more efficiently from a centralized system.
By integrating NymCard’s processing infrastructure, Mawarid Finance is also able to issue both physical and virtual Mastercard products through the platform. This enables businesses to support day-to-day spending while maintaining visibility and control over card-based transactions.
Lynq additionally includes tools intended for finance teams, such as spending limits and real-time transaction monitoring. The platform also offers cross-border payment rails, giving businesses a way to pay international vendors through the same environment used for domestic spend management.
Rashid AlQubaisi, CEO of Mawarid Finance, said the platform was created in response to a recurring challenge for businesses managing multiple fragmented systems.
“Lynq is our answer to a gap we consistently saw, where businesses were managing fragmented systems instead of focusing on growth,” AlQubaisi said.
Shiraz Ali, Chief Business Officer at NymCard, said the company’s role is to provide financial institutions with the infrastructure needed to build and launch modern payment products.
“NymCard exists to give financial institutions the infrastructure they need to build and launch modern card and payment products, without compromise on compliance, speed, or scale,” Ali said.
The platform is currently available to all registered businesses in the UAE. Companies can complete onboarding and compliance checks digitally before activating their accounts.
Industry Analysis
The launch of Lynq highlights the growing demand among UAE businesses for integrated spend management solutions that combine payments, cards, and expense controls in one place. For small and medium-sized enterprises in particular, consolidating these functions can reduce administrative complexity and improve financial oversight.
The partnership also underscores the role of infrastructure providers such as NymCard in enabling financial institutions to bring new products to market more quickly. As corporate payment needs become more digital and cross-border, platforms that streamline both operational spending and supplier payments are likely to attract continued interest from business users seeking greater efficiency and control.
