← State of Embedded Finance 2026

Qashio

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?

Founded2021
HQDubai, United Arab Emirates
Total raised$32.36M
Latest roundSeries A-II
IndustryHorizontal SaaS / Spend Management
The story

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.

Last 12 months
2024-01
2024-09
2026-04
Product timeline
2021
Qashio founded in Dubai as a corporate card and expense management solution for UAE businesses.· card
2022
Won Gulf Capital Fintech of the Year 2022 award, establishing brand credibility in MENA.· pivot
2023
Won Entrepreneur E-Payment Solution of the Year 2023; expanded to 23 countries.· pivot
2024
Launched 'Qashio Financing' in partnership with CredibleX to offer SME lending (working capital, invoice financing, revenue-based financing).· lending
2024
Partnered with Alinma Bank to roll out solutions for KSA customers.· banking
2026
Launched Qashio in Ireland under Qashio Finance House Ltd, expanding into the EEA/UK market.· pivot
Regulated entities
Financial Services entity (Ireland)
Ireland / EEA
Qashio Finance House Ltd
The stack
Banking / BaaS
Alinma Bank (KSA, partner bank)
Lending
CredibleXWorking Capital FinanceInvoice FinancingRevenue-Based FinancingCorporate Credit (term loan / line of credit)
Sponsor bank
Alinma Bank
Accounting
ERP (generic via API)
Accounting gap: minor