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Qashio

Qashio

Active

Corporate spend management and multi-currency card platform

Dubai, UAEFounded 202151 employees
Fintech

Qashio offers corporate prepaid cards and an expense management platform enabling finance teams to issue cards and automate expense reporting in real time.

Founders

Armin Moradi

CEO & Co-founder

Jonathan Lau

Co-founder

Funding Rounds

DebtMay 2025
$19.8M

Lead: Rocketship VC

Investors: MoreThan Capital, ABN Ventures

SeedNov 2022
$10M

Investors: One Way Ventures, MITAA, Cadorna Ventures, Sanabil 500 MENA, Nuwa Capital, Iliad Partners, Phoenix Investments

No lead designated; One Way Ventures (early Brex investor) is listed first and quoted. Plus strategic family offices and angels. Also: https://gulfbusiness.com/en/2022/fintech/uae-based-fintech-qashio-raises-10m/ https://thestartupscene.me/INVESTMENTS/Emirati-Fintech-Startup-Qashio-Raises-10-Million-in-Seed-Round Confidence: confirmed (round 13, Wamda).

Pre-SeedFeb 2022
$2.5M

Lead: MSA Novo

Investors: MSA Novo, Rally Cap Ventures, Palm Drive Capital, Plug and Play Ventures

Also regional angels, family offices and executives from Grubtech, Danske Bank, Two Sigma and Xiaomi. Also: https://magnitt.com/news/qashio-2-5m-pre-seed-53226 https://waya.media/qashio-raises-2-5-million-in-pre-seed-funding/ Confidence: confirmed (round 13, Wamda).

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