Sanad Cash

Acquired

All-in-one spend management platform with corporate prepaid cards and expense management software

Riyadh, Saudi ArabiaFounded 2020

Acquired by Qashio · Oct 2025 · Undisclosed

FintechSaaS

Acquired

Sanad Cash is a Saudi fintech that gives SMEs and corporates a SaaS platform combining corporate cards, spend tracking and on-demand payments. It raised a $1.6M seed round in January 2022. Dubai-based Qashio acquired it in October 2025 to expand into Saudi Arabia.

Founders

Mahmoud Iswiad

Co-Founder & CEO

Sultan Alhugail

Co-Founder & Chief Commercial Officer

Shorhabel Ghoneim

Co-Founder

Funding Rounds

SeedJan 2022

$1.6M

Investors: Impact46, BIM Ventures, Hala Ventures, Derayah Ventures

Investors: Impact46, BIM Ventures, Hala Ventures, Derayah Ventures.

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