UAE based FinTech Qashio, raised $10 million in SEED from strategic international and regional investors where One Way Ventures, MITAA, Cadorna Ventures, as well as Sanabil 500 MENA, Nuwa Capital, Iliad Partners, Phoenix Investments, and strategic family offices and angels also participated.
The round includes both equity and non-equity funding. Qashio generates employee corporate cards automatically. Its enterprise-grade spend management platform provides full visibility and control of all expenses to business owners and finance leaders. The funds will be used to accelerate the company’s expansion into the Kingdom of Saudi Arabia. The Qashio dashboard incorporates real-time tracking for all business expenses, allowing enterprises and SMEs to make informed cash flow decisions.
