Thursday, April 23, 2026

Dubai-based Fintech Qashio Secures $19.8M to Fuel Saudi Market Entry

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Founded in 2021 by Armin Moradi, Qashio offers tailored corporate cards and embedded financial services for various businesses.

Dubai-based B2B spend management platform Qashio has raised $19.8 million in a new funding round of equity and debt. The round was led by Silicon Valley firm Rocketship, with continued support from ABN Ventures, MITAA, Oneway VC, and new strategic backers such as Luxembourg’s MoreThan Capital, undisclosed MENA banks, and regional family offices.

Founded in 2021 by Armin Moradi, Qashio offers tailored corporate cards and embedded financial services for businesses in sectors…



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