Qashio, the UAE’s leading corporate spend management platform, has announced its acquisition of Sanad Cash, an established expense management solution based in Saudi Arabia. This landmark deal marks a significant step in Qashio’s strategic expansion into the Kingdom and reinforces its long-term commitment to the region.
A Strategic Combination of Technology and Local Expertise
The acquisition merges Qashio’s industry-leading spend management technology with Sanad Cash’s deep local expertise and trusted client base. This combination will provide Saudi businesses with access to a fully localized, compliant, and seamless platform for managing corporate expenses and cards. The move also allows Qashio’s existing clients to obtain locally issued cards in Saudi Arabia, strengthening the company’s position as a comprehensive international spend management solution with a presence in the UAE, UK, and EU.
“Sanad Cash brings invaluable local knowledge and a trusted client base,” said Armin Moradi, Founder and CEO of Qashio. “Combined with Qashio’s technology and focus on exceptional user experience, we are now delivering the most advanced spend management solution in the region.”
Fueling Saudi’s Digital Economy and Vision 2030
This strategic move is designed to align with Saudi Arabia’s Vision 2030, which promotes a shift towards a digital and cashless society. By offering enhanced localized features and streamlined regulatory compliance, the unified platform aims to empower Saudi enterprises in their digital transformation journey.
Mahmoud Iswaid, Co-Founder and CEO of Sanad Cash, commented, “The acquisition of Sanad Cash by Qashio represents a major leap forward for the Saudi fintech landscape. Together, we are building a unified platform that simplifies how companies manage spending, enhances financial transparency, and supports the Kingdom’s vision for a cashless, innovation-driven economy.”
Global Expansion and Recruitment Drive
To support its major growth phase following the acquisition, Qashio is launching an extensive recruitment drive. The company has announced over 120 open positions across multiple functions to be filled within the next six months. These new roles will be distributed across key operational and expansion markets, including Saudi Arabia, the UAE, Jordan, the UK, and Europe, reflecting the company’s global ambitions.
About Qashio
Qashio is MENA’s leading corporate spend management platform. It gives businesses real-time visibility and control over company finances through smart corporate cards with custom spending limits. Its corporate loyalty program enables businesses to earn air miles, hotel points, retail perks, and cashback on all company spending.
Source: Zawya
