Interfield Global Software Inc. recently made an exciting announcement regarding their collaboration with fintech company Abhi, aiming to revolutionize procurement in the Middle East through industrial e-commerce and financial technology. This partnership will integrate Interfield’s Equipment Hound platform with Abhi’s financial solutions to provide enhanced services to clients in the UAE, Saudi Arabia, and the broader Middle East region.
By combining Equipment Hound’s online marketplace for industrial equipment procurement with Abhi’s financial tools such as invoice factoring and salary advances, this collaboration seeks to streamline procurement processes and offer innovative financial support to businesses. Omair Ansari, CEO of Abhi, emphasized the strategic value of this partnership in creating a comprehensive service ecosystem that drives operational efficiency and growth.
Steele Hemmerich, President of Interfield, echoed this sentiment, stating that together with Abhi, they aim to provide clients with unparalleled access to top-tier equipment and financial resources, strengthening their ability to succeed in today’s competitive marketplace. The integration process will begin immediately upon finalizing a binding definitive agreement, with the enhanced platform expected to roll out in the coming months.
The industrial e-commerce sector has seen steady growth in 2024, leveraging advanced technological solutions to enhance traditional industrial operations. With a rebound in e-commerce sales and a strong demand for warehouse and storage spaces, platforms that improve procurement and operational efficiency are essential. The global fintech market is also experiencing significant growth, with the increasing adoption of digital solutions across industries, including procurement platforms that integrate financial services to meet evolving business needs.
Interfield’s focus on creating a comprehensive procurement ecosystem positions them as a key player in the industrial equipment market, with Equipment Hound offering end-to-end procurement solutions that include tools for lifecycle maintenance, ESG tracking, and AI-driven optimization. By integrating Abhi’s financial tools, Interfield aims to expand its client base, add value through enhanced financial solutions, and strengthen its competitive edge in industries such as oil and gas, mining, and construction.
With significant insider ownership and a strong market capitalization, Interfield Global Software Inc. is well-positioned to capitalize on this collaboration and drive innovation in the Middle East procurement landscape. This partnership represents a strategic move towards creating a seamless digital ecosystem for procurement and financial services, ultimately benefiting businesses across the region.
