Qashio Secures $19.8M to Drive MENA Expansion and Strengthen B2B Fintech Loyalty Leadership

Dubai, May 28, 2025 – In its latest funding round, CashU, a Dubai-based enterprise spend management platform serving elite clients in 22 countries, including the UAE, Europe, the UK, and soon Saudi Arabia, has raised $19.8 million. This new funding will support further expansion in the region, expanding the reach of the largest B2B fintech loyalty program in the Middle East and North Africa (MENA). Despite achieving profitability of over $1.2 mi…

B2B FinTech platform Qashio raises $19.8m to expand into Saudi Arabia

Dubai-based Qashio, a B2B spend management platform, has closed a $19.8m funding round as it sets its sights on entering the Saudi Arabian market.

Qashio Secures $19.8M to Drive MENA Expansion and Strengthen B2B Fintech Loyalty Leadership

News Desk DUBAI: Qashio, the Dubai-headquartered B2B spend management platform with operations and clients in 22 countries, including the UAE, Europe, the UK, and soon Saudi Arabia, has raised $19.8 million in its latest funding round. The capital will support further geographic expansion and scale what is already the largest B2B fintech loyalty program in the MENA region. Despite achieving profitability with over $1.2M in Q1 2025, the additiona…

UAE Fintech Qashio Raises $19.8M For Regional Expansion

Dubai-headquartered fintech Qashio has raised $19.8 million in its latest funding round, paving the way for continued geographic expansion and growth of its industry-leading B2B loyalty ecosystem. Already operating in 22 countries — including the UAE, Europe, and the UK — the company will use the new capital to support its imminent entry into Saudi Arabia and strengthen regulatory compliance. The funding, comprising equity and non-equity sources…

Qashio Raises $19.8M to Fuel MENA and Saudi Expansion - Fintechnews Middle East

Dubai-based business-to-business (B2B) spend management platform Qashio has secured US$19.8 million in its latest funding round, comprising both equity and non-equity financing. The round was led by existing investor Rocketship, a Silicon Valley-based venture capital firm, with further participation from ABN Ventures, MITAA, and Oneway VC. New strategic investors, including Luxembourg’s MoreThan Capital, major banks in the MENA region, and regio…