Pemo, the all-in-one spend management platform, has officially launched in Saudi Arabia, to support the growth of Saudi’s fintech ecosystem in line with the goals of Vision 2030 and to transform into a fully digital economy.
Backed by $19 million in funding from global investors, the company will deliver smart corporate and virtual cards, automated receipt collection, and AI-driven accounting to streamline expense tracking and invoice management, enabling Saudi companies to focus their time on innovating and driving the growth of their businesses.
Pemo teamed up with neoleap, a subsidiary of alrajhi bank. Under the partnership, Pemo will integrate its cutting-edge and user-friendly spend management platform with neoleap’s innovative payment infrastructure, allowing Saudi businesses to enjoy full control over their finances, enhancing their operations for greater transparency and efficiency.
More than 6,000 customers are using Pemo, and this collaboration marks a key step as the company enters the Saudi market. With government-backed initiatives, regulatory advancements and a thriving start-up scene, Pemo will focus on both servicing businesses and hiring talent over the coming year.
Pemo is committed to shaping the future of Saudi’s fintech ecosystem, providing opportunities for the next generation of leaders by investing in aspiring talent.
Ayham Gorani Co-Founder – Pemo
“Saudi Arabia is undergoing a remarkable economic transformation, and businesses need smart, efficient financial solutions to fuel their growth efforts. By launching in the Kingdom, and partnering with a trusted entity like neoleap, we’re bringing our platform to one of the most dynamic and forward-thinking markets in the region; we have always wanted to be in Saudi, and we are committed to helping support the Kingdom’s goal towards a cashless future as part of its Vision 2030 ambitions. At the same time, we’re excited to be investing in local tech talent and nurturing the next generation of FinTech leaders as we help towards building a sustainable, world-class FinTech ecosystem.”
Abdullah Albrahim, CEO of neoleap, added that, “At neoleap, our mission is to reshape the financial landscape and equip businesses with the tools they need to thrive in an increasingly digital world. Our partnership with Pemo is a significant step in that direction, providing Saudi businesses with a seamless, AI-powered spend management solution fully integrated with neoleap’s advanced payment infrastructure. This collaboration reflects our shared vision of enabling businesses to make smarter financial decisions, while advancing Saudi Arabia’s FinTech ecosystem.”
Recently, Pemo earned recognition as one of the UAE’s Top Future 100 companies and Forbes’ Top UAE fintech companies.
