“Can a MENA-first corporate card and spend management platform become the financial OS for SMEs and mid-market businesses across the Gulf and beyond by embedding credit, multi-currency payments, and ERP automation into a single control center?”
Founded in 2021 as a UAE-focused corporate card and expense management tool, Qashio rapidly expanded its product surface to include accounts payable automation, multi-currency travel payments, and SME financing. The 2024 partnership with CredibleX layered embedded lending onto the card/expense core, positioning Qashio as a broader financial control center for MENA businesses. In 2026 the company extended into Ireland and the EEA under a separately incorporated entity, signaling a geographic pivot beyond the Gulf.
Qashio discloses Alinma Bank (KSA, partner bank) as its banking provider, with Alinma Bank as its sponsor bank, according to the Embedded Finance Index 2026.
Qashio does not disclose a bank charter of its own; its banking services are provided through Alinma Bank.
Qashio's lending and capital products are provided by CredibleX.
Qashio integrates with ERP (generic via API).
The Embedded Finance Index 2026 maps 4 layers in Qashio's stack: Banking / BaaS (Alinma Bank (KSA, partner bank)); Lending (CredibleX, Working Capital Finance, Invoice Financing, Revenue-Based Financing and 1 other); Sponsor bank (Alinma Bank); Accounting (ERP (generic via API)).
Qashio is founded in 2021 and headquartered in Dubai, United Arab Emirates.
Qashio has raised $32.36M in total (latest round: Series A-II).
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