← Embedded Finance Index 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
1
regulatory licence held by Qashio
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in Qashio’s embedded-finance stack
Banking / BaaS
Alinma Bank (KSA, partner bank)
Lending
in the full report
Sponsor bank
in the full report
Accounting
in the full report
Accounting gap: minor
7 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.