Emirates Development Bank and Zylo launch a 350 million dirham program to boost liquidity for small and medium enterprises * Thursday, May 7, 2026 10:37 AM * 2 minutes read * Summary * A+ Abu Dhabi, May 7 / WAM / Emirates Development Bank, in collaboration with Zylo, the private financing platform regulated by Abu Dhabi Global Market and affiliated with International Holding Company, announced the launch of a 350 million dirham financing program to accelerate payment of approved invoices for a group of government entities and government-related entities. The program was launched as part of the Emirates Development Bank's participation in the activities of the 'Make it in the Emirates' platform, which aims to support the industrial growth ambitions of the country by enabling small and medium enterprises, supporting them in enhancing liquidity, expanding their business scope, and playing a greater role in national supply chains. The program allows small and medium enterprises to obtain up to 95% of the approved invoice value within 24 hours, helping them overcome capital constraints associated with government contracts. The program's services are available through the EDB 360 platform, the bank's digital platform, to provide fast and seamless access to invoice financing services in collaboration with Zylo. His Excellency Ahmed Mohammed Al Naqbi, CEO of Emirates Development Bank, said on this occasion that enhancing liquidity for small and medium enterprises is a key element in building a flexible and competitive industrial system. He explained that the goal of this program is to enable companies to bridge working capital gaps, undertake larger contracts, and integrate more effectively within national supply chains, noting that this step represents a practical move towards achieving the industrial growth ambitions of the UAE and strengthening the role of small and medium enterprises as a key contributor to economic diversification. For his part, Danush Arjun, CEO of Zylo, said that the partnership with Emirates Development Bank reflects Zylo's mission to provide easy, fast, and reliable access to working capital for small and medium enterprises, which are the backbone of the UAE's industrial economy. He added that through the integration of the platform's efforts with the bank's commitment to enabling these enterprises, this partnership sets new standards in supply chain financing in the region, granting suppliers to government entities and government-related entities the financial certainty needed to scale their businesses in line with the country's industrial ambitions. The initiative works to integrate financing directly into procurement cycles, enhancing supply chain resilience by ensuring continuous liquidity availability for small and medium enterprise suppliers. It also helps reduce payment delays that may hinder project execution, enabling companies to operate with a higher degree of certainty and efficiency. These efforts aim to increase the participation rate of small and medium enterprises in strategic projects, as well as enhance local value chains. It is noted that the initiative aligns with the 'Project 300 Billion,' the UAE's industrial strategy, which aims to raise the industrial sector's contribution to GDP from 133 billion dirhams to 300 billion dirhams by 2031, with a focus on industrial expansion, innovation, and sustainable production. * Economy * United Arab Emirates (ARE) * Local activities The news is also available in the following languages:

Zylo launches industry-first solution unifying SaaS and consumption spend, bringing visibility to exploding AI and usage-based costs. Apr 14, 2026, 09:00 ET As AI-native spend surges nearly 400% in large enterprises, software costs are becoming increasingly unpredictable and difficult to forecast INDIANAPOLIS, April 14, 2026 /PRNewswire-PRWeb/ - Zylo, the enterprise leader in SaaS Management, today announced the launch of its Consumption Cost Management solution, a major expansion of the platform that brings visibility to AI-driven and usage-based software spend. With this launch, Zylo extends its system of record to include high-volatility consumption, bringing the same financial discipline to AI-driven spend that it pioneered for seat-based SaaS. To deliver this visibility, Zylo integrates directly with leading AI and data providers, including OpenAI, Anthropic, Databricks, Snowflake, and Google Vertex AI. Integrations for additional platforms, including Twilio, Datadog, and New Relic, are slated for release in the coming months. These insights build on Zylo's proprietary spend discovery engine, which uses AI-powered models to analyze financial data and uncover all software spend - including seat-based and consumption-based costs - regardless of how it was purchased. According to Zylo's 2026 SaaS Management Index, 78% of IT leaders have already encountered unexpected charges tied to AI or consumption pricing. That pressure continues to intensify as AI-native application spend accelerates, growing 108% year-over-year overall and nearly 400% in large enterprises. Zylo's Consumption Cost Management solution directly addresses this shift, enabling organizations to monitor costs against commitments, forecast consumption, and manage spend across AI APIs and data platforms alongside traditional SaaS. "Software no longer behaves like a fixed cost. AI is accelerating that shift faster than anything we've seen. But speed without visibility becomes a liability. Zylo now gives organizations a single system of record for both traditional SaaS and consumption-based AI spend, so they can move fast and know exactly what it costs," said Matt DiAntonio, Chief Product Officer at Zylo. Zylo's Consumption Cost Management provides: * Continuous visibility of seat-based, hybrid, and consumption-based software data in one system of record * Trend monitoring and proactive alerting before commitment thresholds are exceeded * Forecasts that project costs against contract terms before overages occur * Cost breakdown by specific teams and projects to simplify AI spend management * Actionable cost data aligned to contract data and renewal workflows for informed decision-making This launch follows Zylo's recent advancements in agentic SaaS Management, including AI Smart Filters, the Contract Assist agent, and AI Controls - all built to increase efficiency and transparency. Zylo is now on both sides of the AI equation: using AI to make SaaS Management smarter, while also managing the spend that AI itself creates. With clear guardrails in place, organizations can move faster, knowing teams can experiment and adopt new tools without putting spend at risk. As consumption-based pricing becomes the industry standard, Zylo remains the software system of record for the modern enterprise. The company continues to expand its integration ecosystem, ensuring that regardless of vendor pricing model, organizations maintain a complete and centralized view of every dollar spent across their portfolio in the age of AI. About Zylo Zylo is the leading SaaS Management Platform for enterprise software and AI spend optimization. Anchored by the industry's largest trained dataset of over $75B in SaaS invoices, Zylo's proprietary discovery engine continuously uncovers all software spend while centralizing contract and cost data. Zylo combines its platform with dedicated SaaS Management expertise to reduce unnecessary spend, realize cost savings, and strengthen compliance for the world's largest and most innovative companies. Recognized as a two-time Leader in the 2025 Gartner(R) Magic Quadrant(TM) for SaaS Management Platforms and the only "Customers' Choice" in the 2025 Gartner Peer Insights(TM) Voice of the Customer report, Zylo is trusted by global enterprises including AbbVie, Adobe, Atlassian, Intuit, and Salesforce. SOURCE Zylo

Eric Christopher named as TechPoint CEO. Monday, April 6, 2026 10:46 AM EDT Updated: Monday, April 6, 2026 10:53 AM EDT By Susan Orr, Indianapolis Business Journal INDIANAPOLIS - Indianapolis-based TechPoint has named local tech executive Eric Christopher as its new president and CEO. Christopher will assume the role as TechPoint's top leader effective Tuesday, the organization announced Monday morning. TechPoint selected Christopher after conducting a nationwide search. "Eric brings the leadership and vision needed to build on Indiana's growing momentum in technology and digital innovation," TechPoint board member Aman Brar said in a written statement. "As artificial intelligence and emerging technologies reshape industries and create new opportunities, TechPoint plays a critical role in convening leaders, supporting the tech ecosystem and strengthening Indiana's competitive advantage." Christopher has more than 20 years of experience in securing venture capital and scaling high-growth software companies. In 2016, he co-founded Indianapolis-based software firm Zylo, which earned TechPoint's Mira Award for Scale-Up of the Year in both 2020 and 2023. Story Continues Below Zylo has attracted more than $66.5 million in venture funding, including a $31.5 million round of Series C funding in November 2022. Christopher served as Zylo's CEO for nearly 10 years: from its founding until September, when he moved into an advisory role at the company. In January, he co-founded an artificial intelligence startup that, according to his LinkedIn profile, is "backed by top-tier venture capital" but is still operating in stealth mode. Christopher's profile does not name this startup other than to refer to it as "Stealth AI Startup." Prior to launching Zylo, Christopher held senior business development and sales roles at Indianapolis-based ExactTarget Inc., Madison, Wisconsin-based Shoutlet and Chicago-based Sprout Social. ExactTarget was acquired by SalesForce in 2013; Shoutlet was acquired by Austin, Texas-based Spredfast in 2015; and Sprout Social went public in 2019. "Indiana's tech sector is entering a defining period of opportunity," Christopher said in a written statement. "Artificial intelligence, digital transformation and emerging technologies are reshaping how companies operate and compete. I am excited to work alongside TechPoint's partners, founders, investors, innovators, and talented team to support the next generation of high-growth companies and strengthen Indiana's position as a global leader in digital innovation." TechPoint, a statewide organization that works to strengthen Indiana's tech sector, was formed in 2003 through the merger of two industry organizations: the Indiana Software Association and the Indiana Information Technology Association. In 2006, TechPoint became affiliated with the Central Indiana Corporate Partnership, or CICP. (Last month, the CICP changed its name to the CEOs of Indiana Corporate Partnership, though it still goes by the CICP acronym.) Christopher succeeds former TechPoint CEO Ting Gootee, who had held that role from May 2022 until Dec. 31. Gootee moved into a new role as the CICP's executive vice president of digital adoption and the managing director of Crossroads Health Ventures.