Qashio

Qashio is a business-to-business (B2B) spend management platform headquartered in Dubai, UAE. Founded in 2021 by Armin Moradi and Jonathan Lau, the company offers an integrated solution that combines corporate cards with expense management software to provide businesses with real-time visibility and control over their expenditures. The founders identified a market gap for automated and transparent expense tracking, having experienced the pain points of manual processes firsthand. Moradi, who serves as CEO, has a background in selling financial ERP solutions at Oracle and was the Managing Director for UAE & KSA at Carriage, which was acquired by Delivery Hero. Lau, the CPO, previously worked with Moradi at Carriage.

The company's core product is a comprehensive spend management platform that allows businesses to issue unlimited virtual and physical corporate cards to employees. These cards come with customizable controls, enabling companies to set spending limits, restrict usage by vendor or category, and manage approval workflows. The platform automates expense reporting by capturing transactions in real-time, matching receipts with AI, and synchronizing data with major accounting and ERP systems, which significantly reduces manual reconciliation efforts. Qashio was the first fintech in the UAE to programmatically issue employee corporate cards.

Qashio serves a wide range of clients, from SMEs to large enterprises, across various sectors including legal services, logistics, technology, retail, and hospitality. Its business model is based on providing these spend management tools, and it has expanded its services to include a B2B loyalty program, Qashio Points, which allows employees to earn rewards like Emirates Skywards miles for timely expense reporting. The company also offers Qashio Financing and Qashio Insurance through partnerships. Having achieved profitability and processed over Dh1 billion in transaction volume, Qashio operates in 22 countries, with a strategic focus on expanding its presence in Saudi Arabia and other GCC, European, and Asian markets.

Keywords: spend management, corporate cards, expense automation, financial control, B2B fintech, corporate expense management, virtual cards, real-time tracking, accounting integration, ERP integration, budget management, employee expenses, MENA fintech, cash flow management, expense reporting, financial software, receipt management, approval workflow, loyalty program, business financing