3 years ago

Qashio Secures $10M Seed Funding to Expand Spend Management Platform in Saudi Arabia

  • UAE-based fintech Qashio has raised $10 million in a seed round to fuel its expansion into Saudi Arabia

  • The round saw participation from global investors like One Way Ventures and regional investors such as Sanabil 500 MENA

  • Qashio's platform offers businesses a comprehensive solution for managing expenses, providing real-time tracking and control over spending

  • The company plans to utilize the funding to expand its operations in Saudi Arabia and accelerate product development.

      • ProblemFinancial Services

      "Businesses struggle with managing expenses, lacking visibility and control over spending, leading to inefficient cash flow management and manual processes."

      Solution

      "Qashio provides a spend management platform that empowers businesses with real-time tracking of expenses, allowing them to set spending limits, control categories and vendors, and eliminate cash usage, ultimately streamlining finance processes and improving cash flow visibility."

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