XSquare Raises Undisclosed Pre-seed

XSquare, a United Arab Emirates-based fintech company, has raised an undisclosed amount in a pre-seed round to scale its B2B payment platform. The startup provides an orchestration platform designed to streamline complex payment rails and reconciliation for enterprise clients.

Investors

The round was led by Raed Ventures, a Saudi Arabia-based venture capital firm focused on the MENA region. Additional participants included AngelSpark, 500 Global, and Oraseya Capital.

XSquare Use of Funds

XSquare intends to use the capital to expand its network of payment rail and banking partnerships, grow its engineering and commercial teams, and launch new operations in Saudi Arabia.

About XSquare

Founded in 2023 by Tanvir Shah and Ashwin Shenoy, XSquare is headquartered in Dubai. The company offers a B2B payment orchestration platform that consolidates multiple payment methods and reconciliation processes into a single system, partnering with Mastercard to enable card-funded supplier and vendor payments.

Funding Details

Company Website: https://xsquare.biz

Company: XSquare
Raised: Undisclosed
Round: Pre-seed
Funding Date: August 20, 2026
Lead Investor: Raed Ventures
Additional Investors: AngelSpark, 500 Global, Oraseya Capital
Software Category: Fintech
Source: https://app.dealroom.co/news/feed/xsquare-raises-pre-seed-round-to-scale-b2b-payment-platform-across-gcc