Qashio taps Alinma Bank to launch operations in Saudi Arabia
Dubai-based spend management start-up Qashio has partnered with Alinma Bank to offer its services to corporate banking customers in Saudi Arabia.
Qashio taps Alinma Bank to roll out its services in Saudi Arabia
According to both firms, the partnership is the first between a bank and a fintech in Saudi Arabia.
With the collaboration, Qashio plans to roll out its small and medium-sized enterprise (SME) and enterprise-grade spend management platforms to its customers in the country, including Alinma Bank’s corporate customers.
Businesses will be able to issue virtual and physical corporate cards for employees in Saudi without relying on Bahrain-issued cards, with features such as spending controls and limits, accounting integrations, and workflows.
“This partnership with Alinma Bank is a move to align with Saudi Arabia’s efforts to adopt fintech-friendly approaches and increase the presence of fintech firms in its market, in line with its Vision 2030 initiative,” says Armin Moradi, CEO and co-founder of Qashio.
