Qashio raises $10M in a seed round

Jul 8, 2023

We're thrilled to officially to our portfolio, leading their seed round alongside MITAA, Cadorna Ventures, and others. Qashio is a UAE-headquartered fintech company building a comprehensive Enterprise spend management platform for businesses to manage expenses and payments with software-enabled corporate cards. It also features all-inclusive accounts payable automation, allowing you to generate strategic budgets and automate expense reporting. Co-founders Armin Moradi and Jonathan Lau are a unique combination of deep ERP expertise and have a demonstrated track record of building world-class software products. Qashio's enterprise-grade spend management platform enables business owners and finance leaders full visibility and control of all expenses. We're excited to join this round and to share our experience as early investors in Chipper Cash.

The company’s virtual and physical cards combined with its software allow businesses to manage spending in a more automated and transparent way.

Founded in 2021 by Jonathan Lau and Armin Moradi, Qashio is said to be the first fintech in UAE history to issue employee corporate cards programmatically.
July 2023