Latest news with #neoleap
Zawya
29-04-2025
- Business
- Zawya
PEMO launches in Saudi Arabia to empower businsses with smarter expense managment
Riyadh, Saudi Arabia: Pemo, the all-in-one spend management platform, has officially launched in Saudi Arabia, offering cutting-edge financial solutions to businesses of all sizes across the Kingdom. Backed by $19 million in funding from global investors, the MENA-grown FinTech company will provide smart corporate and virtual cards, automated receipt collection, and AI-driven accounting to streamline expense tracking and invoice management, enabling Saudi companies to focus their time on innovating and driving the growth of their businesses. By having a presence in the market, Pemo aims to help contribute towards building Saudi's thriving FinTech ecosystem, which is being driven by the Kingdom's transformative Vision 2030 goals and its ambitions to be a digital-first economy. Partnering with neoleap, a subsidiary of alrajhi bank, Pemo will integrate its cutting-edge and user-friendly spend management platform with neoleap's innovative payment infrastructure, meaning that Saudi businesses will have full control over their finances, optimising their operations for greater transparency and efficiency. Over 6,000 customers already use Pemo, and the partnership with neoleap marks a natural step as the company enters the Saudi market. With government-backed initiatives, regulatory advancements and a thriving start-up scene, Pemo's focus will be on both servicing businesses and hiring talent over the coming year. A key priority for Pemo is to nurture and help build Saudi's FinTech ecosystem, providing opportunities for the next generation of leaders by investing in aspiring talent. Commenting on the company's launch into Saudi, Ayham Gorani, Co-Founder of Pemo, said: 'Saudi Arabia is undergoing a remarkable economic transformation, and businesses need smart, efficient financial solutions to fuel their growth efforts. By launching in the Kingdom, and partnering with a trusted entity like neoleap, we're bringing our platform to one of the most dynamic and forward-thinking markets in the region; we have always wanted to be in Saudi, and we are committed to helping support the Kingdom's goal towards a cashless future as part of its Vision 2030 ambitions. 'At the same time, we're excited to be investing in local tech talent and nurturing the next generation of FinTech leaders as we help towards building a sustainable, world-class FinTech ecosystem.' Echoing this sentiment, Abdullah Albrahim, CEO of neoleap, said: 'At neoleap, our mission is to reshape the financial landscape and equip businesses with the tools they need to thrive in an increasingly digital world. Our partnership with Pemo is a significant step in that direction, providing Saudi businesses with a seamless, AI-powered spend management solution fully integrated with neoleap's advanced payment infrastructure. This collaboration reflects our shared vision of enabling businesses to make smarter financial decisions, while advancing Saudi Arabia's FinTech ecosystem.' Pemo's move into Saudi marks three years of the business being in operation, with the company recently being named amongst the UAE's Top Future 100 companies and Forbes' Top UAE fintech companies.
Arab News
28-04-2025
- Business
- Arab News
UAE-based fintech Pemo enters Saudi market
Pemo, an all-in-one spend management platform, has officially launched in Saudi Arabia, offering cutting-edge financial solutions to businesses of all sizes across the Kingdom. Backed by $19 million in funding from global investors, the MENA-grown fintech company will provide smart corporate and virtual cards, automated receipt collection, and AI-driven accounting to streamline expense tracking and invoice management, enabling Saudi companies to focus their time on innovating and driving the growth of their businesses. By having a presence in the market, Pemo will help contribute toward building Saudi Arabia's thriving fintech ecosystem, which is being driven by the Kingdom's Vision 2030 and its ambitions to be a digital-first economy. Partnering with neoleap, a subsidiary of Alrajhi Bank, Pemo will integrate its cutting-edge and user-friendly spend management platform with neoleap's innovative payment infrastructure, meaning that Saudi businesses will have full control over their finances, optimizing their operations for greater transparency and efficiency. More than 6,000 customers already use Pemo, and the partnership with neoleap marks a natural step as the company enters the Saudi market. With government-backed initiatives, regulatory advancements and a thriving startup scene, Pemo's focus will be on both servicing businesses and hiring talent over the coming year. Ayham Gorani, co-founder of Pemo, said: 'Saudi Arabia is undergoing a remarkable economic transformation, and businesses need smart, efficient financial solutions to fuel their growth efforts.' By launching in the Kingdom, and partnering with a trusted entity like neoleap, we're bringing our platform to one of the most dynamic and forward-thinking markets in the region; we have always wanted to be in Saudi, and we are committed to helping support the Kingdom's goal toward a cashless future as part of its Vision 2030 ambitions. 'At the same time, we're excited to be investing in local tech talent and nurturing the next generation of fintech leaders as we help toward building a sustainable, world-class fintech ecosystem.' Echoing this sentiment, Abdullah Albrahim, CEO of neoleap, said: 'At neoleap, our mission is to reshape the financial landscape and equip businesses with the tools they need to thrive in an increasingly digital world. Our partnership with Pemo is a significant step in that direction, providing Saudi businesses with a seamless, AI-powered spend management solution fully integrated with neoleap's advanced payment infrastructure. This collaboration reflects our shared vision of enabling businesses to make smarter financial decisions, while advancing Saudi Arabia's fintech ecosystem.' Pemo's move into the Kingdom marks three years of the business being in operation, with the company recently being named among the UAE's Top Future 100 companies and Forbes' top UAE fintech companies.
Zawya
23-04-2025
- Business
- Zawya
Pemo launches in Saudi Arabia to empower businesses with smarter expense management
Riyadh, Saudi Arabia: Pemo, the all-in-one spend management platform, has officially launched in Saudi Arabia, offering cutting-edge financial solutions to businesses of all sizes across the Kingdom. Backed by $19 million in funding from global investors, the MENA-grown FinTech company will provide smart corporate and virtual cards, automated receipt collection, and AI-driven accounting to streamline expense tracking and invoice management, enabling Saudi companies to focus their time on innovating and driving the growth of their businesses. By having a presence in the market, Pemo aims to help contribute towards building Saudi's thriving FinTech ecosystem, which is being driven by the Kingdom's transformative Vision 2030 goals and its ambitions to be a digital-first economy. Partnering with neoleap, a subsidiary of alrajhi bank, Pemo will integrate its cutting-edge and user-friendly spend management platform with neoleap's innovative payment infrastructure, meaning that Saudi businesses will have full control over their finances, optimising their operations for greater transparency and efficiency. Over 6,000 customers already use Pemo, and the partnership with neoleap marks a natural step as the company enters the Saudi market. With government-backed initiatives, regulatory advancements and a thriving start-up scene, Pemo's focus will be on both servicing businesses and hiring talent over the coming year. A key priority for Pemo is to nurture and help build Saudi's FinTech ecosystem, providing opportunities for the next generation of leaders by investing in aspiring talent. Commenting on the company's launch into Saudi, Ayham Gorani, Co-Founder of Pemo, said: 'Saudi Arabia is undergoing a remarkable economic transformation, and businesses need smart, efficient financial solutions to fuel their growth efforts. By launching in the Kingdom, and partnering with a trusted entity like neoleap, we're bringing our platform to one of the most dynamic and forward-thinking markets in the region; we have always wanted to be in Saudi, and we are committed to helping support the Kingdom's goal towards a cashless future as part of its Vision 2030 ambitions. 'At the same time, we're excited to be investing in local tech talent and nurturing the next generation of FinTech leaders as we help towards building a sustainable, world-class FinTech ecosystem.' Echoing this sentiment, Abdullah Albrahim, CEO of neoleap, said: 'At neoleap, our mission is to reshape the financial landscape and equip businesses with the tools they need to thrive in an increasingly digital world. Our partnership with Pemo is a significant step in that direction, providing Saudi businesses with a seamless, AI-powered spend management solution fully integrated with neoleap's advanced payment infrastructure. This collaboration reflects our shared vision of enabling businesses to make smarter financial decisions, while advancing Saudi Arabia's FinTech ecosystem.' Pemo's move into Saudi marks three years of the business being in operation, with the company recently being named amongst the UAE's Top Future 100 companies and Forbes' Top UAE fintech companies.
Syyaha
23-04-2025
- Business
- Syyaha
PEMO LAUNCHES IN SAUDI ARABIA TO EMPOWER BUSINESSES WITH SMARTER EXPENSE MANAGEMENT
Riyadh, Saudi Arabia, 23rd April 2025:Pemo, the all-in-one spend management platform, has officially launched in Saudi Arabia, offering cutting-edge financial solutions to businesses of all sizes across the Kingdom. Backed by $19 million in funding from global investors, the MENA-grown FinTech company will provide smart corporate and virtual cards, automated receipt collection, and AI-driven accounting to streamline expense tracking and invoice management, enabling Saudi companies to focus their time on innovating and driving the growth of their businesses. By having a presence in the market, Pemo aims to help contribute towards building Saudi's thriving FinTech ecosystem, which is being driven by the Kingdom's transformative Vision 2030 goals and its ambitions to be a digital-first economy. Partnering with neoleap, a subsidiary of alrajhi bank, Pemo will integrate its cutting-edge and user-friendly spend management platform with neoleap's innovative payment infrastructure, meaning that Saudi businesses will have full control over their finances, optimising their operations for greater transparency and efficiency. Over 6,000 customers already use Pemo, and the partnership with neoleap marks a natural step as the company enters the Saudi market. With government-backed initiatives, regulatory advancements and a thriving start-up scene, Pemo's focus will be on both servicing businesses and hiring talent over the coming year. A key priority for Pemo is to nurture and help build Saudi's FinTech ecosystem, providing opportunities for the next generation of leaders by investing in aspiring talent. Commenting on the company's launch into Saudi, Ayham Gorani, Co-Founder of Pemo, said: 'Saudi Arabia is undergoing a remarkable economic transformation, and businesses need smart, efficient financial solutions to fuel their growth efforts. By launching in the Kingdom, and partnering with a trusted entity like neoleap, we're bringing our platform to one of the most dynamic and forward-thinking markets in the region; we have always wanted to be in Saudi, and we are committed to helping support the Kingdom's goal towards a cashless future as part of its Vision 2030 ambitions. 'At the same time, we're excited to be investing in local tech talent and nurturing the next generation of FinTech leaders as we help towards building a sustainable, world-class FinTech ecosystem.' Echoing this sentiment, Abdullah Albrahim, CEO of neoleap, said: 'At neoleap, our mission is to reshape the financial landscape and equip businesses with the tools they need to thrive in an increasingly digital world. Our partnership with Pemo is a significant step in that direction, providing Saudi businesses with a seamless, AI-powered spend management solution fully integrated with neoleap's advanced payment infrastructure. This collaboration reflects our shared vision of enabling businesses to make smarter financial decisions, while advancing Saudi Arabia's FinTech ecosystem.' Pemo's move into Saudi marks three years of the business being in operation, with the company recently being named amongst the UAE's Top Future 100 companies and Forbes' Top UAE fintech companies.
Zawya
25-02-2025
- Business
- Zawya
Alaan expands to KSA, launching one of the region's first cashback corporate card with Visa and neoleap
Riyadh, Saudi Arabia – After going from zero to half a billion dollars in payment volume in just over 2 years in UAE, corporate card and spend management fintech Alaan has announced its expansion into Saudi Arabia. The company is launching its corporate card in the Kingdom through an exclusive partnership with Visa and neoleap. For the first time in Saudi Arabia, businesses using Alaan Visa corporate cards will earn 1% uncapped cashback on eligible transactions, a first-of-its-kind offering in the Kingdom. Founded three years ago by former McKinsey consultants Parthi Duraisamy and Karun Kurien, the company has seen remarkable growth and now serves over 1,000 businesses across the MENA region, including prominent enterprises like G42 and Lulu, as well as rapidly growing startups like Foodics and Invygo. Alaan helps businesses streamline the expense management process by offering corporate cards with customizable limits and restrictions for employee purchases. The platform removes the need for expense reports, petty cash, and automates bookkeeping tasks through seamless integration with leading accounting solutions. To accelerate its mission in Saudi Arabia, Alaan has partnered exclusively with Visa and Neoleap, a subsidiary of Al Rajhi Bank, to support the Kingdom's ambitious push for a cashless future. The company has raised more than $7.5 million from the world's leading investors, like Y Combinator, Presight Capital, 468 Capital and renowned angels, including Mudassir Sheikha, Founder of Careem, Abdallah Abu Sheikh (Founder, AstraTech), Yi-Wei Ang (CPO, Talabat), Jad Halaoui (Founder, Washmen) and more Parthi Duraisamy, CEO and Co-founder of Alaan, said, "KSA has seen incredible growth over the past few years, and with the Kingdom's ambitions to grow and move into a cashless society by 2030, I am incredibly proud for us to be able to truly contribute to what seems to be the greatest time of growth for the region.' 'At Visa, we are dedicated to empowering fintechs with cutting-edge digital payments technology that drives innovation. Partnering with Alaan and Neoleap aligns with Saudi's 2030 vision of a cashless future, and we are excited to support businesses in Saudi Arabia with seamless, secure solutions that streamline expense management and offer unparalleled value," said Ali Bailoun, Visa's General Manager for Saudi Arabia, Bahrain, and Oman. 'As a leader in digital payments, neoleap is focused on empowering businesses with advanced fintech solutions' said Abdullah Albrahim, CEO of neoleap. Partnering with Alaan allows us to further this mission, offering seamless and efficient financial tools that drive business success and contribute to Saudi Arabia's cashless future. Alaan was recently ranked #1 globally in the spend management space by G2 and with this, it becomes the first UAE-based Spend Management company to go live in KSA. Companies can visit to get early access to the platform About Alaan Alaan is the largest and most comprehensive spend management platform in the Middle East. Alaan cards are utilized by over 1000 mid-market and enterprise customers who collectively employ more than 200,000 people, across various sectors such as Real Estate, Aviation, Logistics, and Retail. With its proprietary AI-powered corporate cards, Alaan has saved millions for businesses and has supercharged finance teams that are looking for a technological edge in saving time and money for their organizations. Alaan launched in 2022 in the UAE and is backed by Y Combinator and has been ranked as the No.1 expense management platform by G2 across the Middle East and Africa. About neoleap neoleap provides tailored financial solutions for small and medium-sized enterprises (SMEs) and financial institutions based on their specific business needs. For SMEs, neoleap offers a seamless platform for comprehensive financial management through its website and application. Users can easily create and manage their digital wallet for transactions, and conveniently order neoleap products such as POS solutions, cashier services, payment gateways, and corporate cards—all from their mobile device, anytime and anywhere. For financial institutions, neoleap offers card issuance and processing services, payment gateway integrations and transactions management, and POS solutions for banks and payment processing. neoleap your financial technology arm! About Visa Visa Inc. (NYSE: V) is the world's leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company's relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, and @VisaNews.
