Proof of Concept Milestone with JOPACC & Housing Bank: Paving the Way for a Digitized Supply Chain Finance Ecosystem in Jordan

At Credit Plus, our mission is to empower Jordanian small and medium-sized enterprises (SMEs) by delivering cutting-edge supply chain finance solutions. Today, we are proud to announce the successful completion of our proof of concept (PoC) in collaboration with the Jordan Payments and Clearing Company (JOPACC) and Housing Bank for Trade and Finance. This milestone represents more than just a technical achievement—it marks a crucial step toward realizing a fully digitized supply chain finance (SCF) platform that aligns with Jordan’s Digital Economy Vision 2030 and expands financial inclusion for SMEs across the kingdom.

Validation of Technology & Processes

Working closely with JOPACC—Jordan’s central clearing infrastructure—and Housing Bank, we have tested our core platform capabilities in a live environment. The PoC successfully demonstrated Real-time settlement between buyers, suppliers, and the financing bank.

We have proven our platform can handle invoice data securely, enforce fund movements accurately, and deliver financing to suppliers in an expedited manner.

Alignment with Jordan’s Digital Economy Vision 2030

The Jordanian government’s Digital Economy Vision 2030 underscores the role of fintech innovation in modernizing financial infrastructure and promoting a cashless society. Our PoC with two of Jordan’s most influential financial institutions reflects:

• Accelerated digital payments: Routing trade data via Credit Plus diminishes manual processes (e.g., paper-based invoices or pre-dated checks), moving participants toward instant, traceable transactions.
• Bank-Fintech collaboration: Housing Bank’s endorsement of our platform underpins the importance of public–private partnerships in driving fintech-led transformation.

As Jordan pursues its 2030 objectives—such as increasing digital adoption in financial services, improving payment transparency, and fostering entrepreneurial growth—the success of this PoC highlights the fintech sector’s ability to catalyze structural change.

Enabling Financial Inclusion for SMEs

One of the key challenges for Jordanian SMEs is the lack of credit history or formal collateral that larger enterprises typically possess. Traditional lending processes often require extensive documentation, extended turnaround times, and established credit limits that many SMEs have yet to build. Our SCF platform, once fully operational, will address these pain points in three primary ways:

1. Invoice-Based Financing without Relying on Supplier’s Credit Histories
   • Reverse Factoring (Buyer-Centric): Buyers (importers or distributors) can nominate certain strategic suppliers. Housing Bank extends financing to suppliers once the buyer approves invoices. Suppliers receive near–immediate payment, while buyers settle with the bank at invoice maturity.
2. Reduced Working Capital Constraints
   By accelerating cash flows, SMEs no longer need to wait 30–60 days (or longer) for payment. This shift prevents:
   • Liquidity squeezes that force SMEs to borrow at higher interest rates.
   • Over-reliance on post-dated checks, which historically have been a source of counterparty risk.
   • The need to carry large receivable balances on their balance sheets.
3. Lower Cost of Capital & Enhanced Credit Profiles
   Because our platform routes financing through a regulated bank (Housing Bank) and uses actual invoice data validation, participating suppliers benefit from:
   • Competitive discount rates tied to buyer credit ratings rather than SME’s limited credit history.
   • Building a transparent credit footprint: Every financed invoice creates a digital record, enabling suppliers to gradually improve their credit profile for future financing opportunities and potential access to other banking products.

Our proof of concept with JOPACC and Housing Bank for Trade and Finance marks a watershed moment for supply chain finance in Jordan. By demonstrating the seamless integration of digital invoicing, bank financing,  we have laid a strong foundation for a fully digitized SCF ecosystem—one that supports Jordan’s Digital Economy Vision 2030 and drives meaningful financial inclusion.

For SMEs, this means no longer being constrained by limited credit histories or cumbersome loan applications. Instead, they can leverage approved invoices to unlock working capital, scale operations, and contribute to national economic growth. Moreover, by collaborating with established banking institutions and central payment infrastructure, Credit Plus is setting a new standard for transparency, efficiency, and security in trade finance.

We extend our deepest gratitude to JOPACC and Housing Bank for their forward-thinking partnership. Together, we are not just building technology; we are transforming how Jordan does business—paving the way for a vibrant, cashless, and inclusive digital economy.

Stay tuned for further updates as we on-board more partner banks, roll out advanced platform capabilities, and empower more SMEs to thrive in an increasingly digital marketplace. If you’re an SME looking to join our pilot phase or a bank interested in partnering, please reach out to support@credit-plus.me.

Let’s unlock the future of supply chain finance—together.