XSquare raises pre-Seed round to expand into Saudi Arabia

UAE-based fintech XSquare has raised an undisclosed pre-Seed round led by Raed Ventures, with participation from AngelSpark, 500 Global and Oraseya Capital. Founded in 2023 by Tanvir Shah and Ashwin Shenoy, XSquare is building a B2B payment orchestration platform that brings multiple payment rails, collections, payments and reconciliation into a single system for businesses. XSquare is currently live in the UAE and Qatar, with its Qatar launch marking its first cross-border expansion. The fundin