Qashio, the UAE’s leading corporate spend management platform, has acquired Sanad Cash, one of Saudi Arabia’s first and most established expense management solutions.
This landmark agreement represents a significant step forward in Qashio’s expansion into the Kingdom of Saudi Arabia (KSA), reinforcing its long-term commitment to the region.
By combining Qashio’s leading spend management technology with Sanad Cash’s strong local expertise, the acquisition will provide Saudi businesses with a fully localized, compliant, and streamlined platform for managing corporate expenses and cards.
The two market leaders joining forces will also enable Saudi clients to expand globally through Qashio’s international presence in the EU, the UK, and the UAE. This strengthens Qashio’s position as the region’s most comprehensive and only international spend management solution for businesses.
Armin Moradi CEO & Co-Founder Qashio
“Sanad Cash brings invaluable local knowledge and a trusted client base. Combined with Qashio’s technology and focus on exceptional user experience, we are now delivering the most advanced spend management solution in the region.”
“The acquisition of Sanad Cash by Qashio represents a major leap forward for the Saudi fintech landscape. It reflects the growing maturity and consolidation of the market, and our shared commitment to empowering Saudi businesses with world-class financial technologies. 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,” said Mahmoud Iswaid, Co-Founder and CEO of Sanad Cash.
Qashio Taps Sanad Cash to Unlock Saudi Market Potential
The move is designed to fuel Qashio’s expansion into Saudi Arabia. By combining forces, Qashio will offer enhanced localized features, streamlined regulatory compliance, and unmatched rewards for Saudi enterprises, which are increasingly shifting towards digital payments in line with the Kingdom’s Vision 2030 for a digital society. Existing Qashio clients will be able to get locally issued cards in KSA.
To support this major growth phase, Qashio is launching an extensive recruitment drive. The company currently has over 120 open positions across multiple functions to be filled within the next six months, reflecting its global ambitions. These new roles will be distributed across key operational and expansion markets, including Europe, Jordan, the UK, Dubai, Abu Dhabi, and KSA.
With this acquisition and expansion, Qashio continues its mission to transform how companies across MENA and beyond manage their finances, driving efficiency, visibility, and rewards on every transaction.
