Qashio, a financial technology firm headquartered in Dubai, has successfully raised $1.98 million in funding from investors in the United States and the Middle East and North Africa (MENA) region. The capital injection is aimed at bolstering the company’s growth and expansion plans within the region.
The funding round attracted participation from a mix of venture capitalists and angel investors, reflecting strong confidence in Qashio’s business model and growth trajectory. The company plans to utilise the funds to enhance its product offerings and scale its operations across key markets in the MENA region.
Founded in 2021, Qashio offers a comprehensive spend management platform that enables businesses to gain full visibility and control over their expenses. The platform integrates real-time tracking of expenditures, allowing enterprises and small to medium-sized enterprises (SMEs) to make informed financial decisions.
The company has already established a presence in the United Arab Emirates and Saudi Arabia, serving a diverse clientele across various industries. With the new funding, Qashio aims to further penetrate these markets and explore opportunities in other countries within the region.
