Alaan has launched the UAE’s first AI-native business bank account, powered by ruya, expanding its spend management platform with integrated digital banking capabilities for businesses.
The launch makes Alaan the first fintech in the region to combine corporate cards, domestic and cross-border supplier payments, invoice automation, accounting integration, and business banking services within a single AI-powered platform.
Powered by ruya’s Banking-as-a-Service infrastructure, the new account provides UAE businesses with Shariah-compliant digital banking capabilities embedded directly into Alaan’s spend management platform. The move advances Alaan’s strategy to build a comprehensive financial operating system for businesses across the region and follows its recent AED 3 million commitment to support UAE businesses through utility and telecommunications bill payments.
The platform enables businesses to manage local UAE transfers and cross-border payments to more than 40 countries from a single dashboard, with no transfer fees on international payments. It also incorporates AI-powered invoice processing that automatically extracts vendor details, VAT information, due dates, and invoice line items while identifying duplicate invoices before payment.
In addition, the platform integrates approval workflows and accounting functions, allowing bills to be routed automatically to designated approvers with a complete audit trail. Payments can be synchronized directly with major accounting systems, including Odoo, Zoho, Xero, QuickBooks, and other accounting platforms.
Businesses can also receive inbound customer payments through the same account used for outgoing transactions. The platform supports unlimited users and offers unlimited local and international cashback on eligible corporate card spending.
Christoph Koster CEO – ruya
“This partnership speaks directly to one of ruya’s core pillars: supporting and empowering businesses with banking that is simple, ethical, and built around their needs. By working with Alaan, we are enabling UAE companies to access seamless, Shariah-compliant digital banking within the tools they already use every day. It is a strong example of how embedded finance can remove friction, unlock efficiency, and help businesses focus on growth.”
Parthi Duraisamy, Co-founder and CEO of Alaan, said that, “For decades, UAE finance teams have dealt with manual processes for payments. With this launch, a supplier invoice that used to take hours to process now runs end to end in a few minutes. UAE companies deserve a platform that automates manual tasks and puts their growth first.”
The launch comes amid significant growth in the UAE business sector, with 250,000 new companies established during 2025, contributing to a total business population of more than 1.4 million across the Middle East. The trend has accelerated demand for digital and AI-driven financial services as companies increasingly seek alternatives to traditional banking models.
Founded in 2022, Alaan has expanded its presence in the regional fintech sector and recently secured a $48 million Series A funding round led by Peak XV Partners. The company serves more than 3,000 finance teams, including organizations such as G42, Careem, Tabby, McDonald’s, and Al Barari.
