Pemo launches all-in-one spend management platform for MENA SMEs following $12 million seed round

Pemo launches all-in-one spend management platform for MENA SMEs following $12 million seed round

Source: Pemo

Pemo, the UAE-based fintech startup empowering businesses across the Middle East, North Africa and Pakistan (MENAP), announced today that it has launched its all-in-one spend management platform.

Pemo offers fast, transparent, and simplified invoice payment and expense management solutions, as well as smart corporate cards, for small and medium-sized enterprises (SMEs) in the region.

The announcement comes alongside a $12 million funding round, co-led by dedicated seed fund Cherry Ventures and Shorooq Partners, with participation from FinTech Collective, Speedinvest, BY Venture Partners and Antler. In addition, the round included private investment from prominent business angels, including unicorn founders of companies such as Nium, Payhawk, Qonto, Billie, Moss, and other successful members of the regional and global tech community, including Mahmoud Fouz from Qlub, Abdulla Elyas from Careem, and Tomaso Rodriguez from Talabat.

The Pemo platform is tailored to the requirements of SMEs in emerging markets and has begun onboarding its first batch of UAE-based companies. Currently