Dubai, UAE,

Digital bank, TuningBill, partners with DP World to provide comprehensive banking services to global traders

DP World, the leading global logistics company and provider of smart supply chain solutions, today announced a partnership between CARGOES Finance By DP World and TuningBill, the business-to-business neobank.

CARGOES Finance By DP World is a fintech platform that brings together global importers, exporters and logistics companies in need of financing from around the world with financial institutions. CARGOES Finance provides lenders with access to data on cargo movements, enabling them to lend with confidence.

DP World customers will gain access to TuningBill services through the CARGOES Finance platform. These include flexible and fast loan services, both secured and unsecured, as well as non-lending services such as warehousing and fulfilment, foreign exchange and remittances.

TuningBill serves importers, exporters and ecommerce traders that can face shortfalls in funding from other banks. TuningBill can open bank accounts for its customers in multiple currencies, helping those customers who deal with multiple currencies when executing cross-border trades. The partnership follows TuningBill’s recent announcement that it has raised $22 million investment from Fasanara Capital.

Mike Bhaskaran, Group Chief Operating Officer, Digital Technology for DP World, said: “The new partnership with TuningBill adds further value to the services available to customers on the CARGOES Finance platforms. Now, those who benefit from these new financing options will have the peace of mind that their business operations will not only be more financially secure, but also more efficient due to the additional features provided by TuningBill.”

Sinan Ozcan, Senior Executive Officer, DP World Financial Services Limited: “In bringing TuningBill onto the CARGOES Finance platform, we are offering traders globally greater access to critical financing options. Working with TuningBill, we aim to address the global trade finance gap.”

Asit Beesen, Founder, TuningBill: "We are humbled by this strategic partnership, a major milestone in our journey. We are committed to serving the loan request overhang, growing the book to north of $200 million in the near-term, further enhancing our technology, and most importantly, scaling our non-lending revenues." 

Mohan Anem, Co-founder, TuningBill: "Working with DP World we can ramp up our customer acquisition manifold. Its global reach will allow us to reach more and more customers in need of banking solutions.”

For more information on CARGOES Finance By DP World, or to request a demonstration, please visit:

Financial services offered on the CARGOES Finance By DP World platform are provided by DP World Financial Services Limited, which is regulated by the DFSA.

About DP World

DP World is the leading provider of worldwide smart end-to-end supply chain logistics, enabling the flow of trade across the globe. Our comprehensive range of products and services covers every link of the integrated supply chain – from maritime and inland terminals to marine services and industrial parks as well as technology-driven customer solutions.  

DP World delivers these services through an interconnected global network of 190 business units in 69 countries across six continents, with a significant presence both in high-growth and mature markets. Wherever we operate, we integrate sustainability and responsible corporate citizenship into our activities, striving for a positive contribution to the economies and communities where we live and work. 

Our dedicated, diverse and professional team of over 71,255 employees from 150 different nationalities are committed to delivering unrivalled value to our customers and partners. We do this by focusing on mutually beneficial relationships – with governments, shippers, traders, and other stakeholders along the global supply chain – relationships built on a foundation of mutual trust and enduring partnership. 

We think ahead, anticipate change and deploy industry-leading digital technology to further broaden our vision to disrupt world trade and create the smartest, most efficient and innovative solutions, while ensuring a positive and sustainable impact on economies, societies and our planet. 

About CARGOES By DP World

"A suite of enterprise services and products for the world of logistics & trade"

In a continuously moving world with a growing population, the need for smarter trade is more important than ever before. DP World created our digital service CARGOES based on over 40 years of experience in logistics to solve challenges in the supply chain that create inefficiency and slow down trade. CARGOES provides solutions that support shippers with tracking to ports around the world. It also helps nations manage their operations or regulatory logistics needs. If there is an issue you need to solve, we're ready to hear from you. Together, we can make trade better.

About TuningBill

TuningBill is a B2B neobank, operating via RailsBank affiliated licenses in UK, Europe and USA, with plans to expand to Dubai, India, Singapore and HK in the near term. The neobank at its core offers flexible and fast BNPL loans, both secured and unsecured, to Importers and Ecommerce traders, where the space is process-intensive, underfunded, and banks are rapidly receding. 

Our trader customers further benefit from non-lending services such as warehousing/fulfilment services, FX and remittances, and receivables insurance/recovery; with imminent plans to roll out credit cards. Unlike other neobanks, the basic banking services and other inventory/business tools are offered for free.