Alinma Bank Makes Strategic Investment in Spend Management Platform Qashio
Alinma Bank has invested in Qashio, the MENA spend management and corporate card platform. The move deepens the existing partnership between the two entities and adds Qashio to Alinma Bank’s portfolio of financial technology companies.
The investment officially places Qashio alongside other fintechs in Alinma’s portfolio, including Amwal Tech, Ejari, Lean Technology, and NearPay, as well as several local VC funds.
Honing a spend management platform
The primary goal of the strengthened partnership is to develop a ‘comprehensive’ spend management platform aimed at small and medium-sized enterprises (SMEs) and corporate clients. The collaboration combines Alinma Bank’s scale and client base with Qashio’s technology platform to…
