Dubai-based Pemo, a smart spend management platform, has officially expanded into the Saudi Arabian market, aligning with the Kingdom’s Vision 2030 digital transformation goals.
Backed by over $19 million in international funding, Pemo is bringing a suite of advanced financial tools to businesses of all sizes in Saudi Arabia. These tools include smart corporate and virtual cards, automated receipt collection, and AI-powered accounting for streamlined expense and invoice management.
As part of its launch, Pemo has formed a strategic partnership with neoleap, a subsidiary of Al Rajhi Bank, to integrate its services with neoleap’s robust payment infrastructure, giving Saudi businesses greater control over their financial operations.
Ayham Gorani, Co-Founder of Pemo, stated:
“By launching in Saudi, and partnering with neoleap, we’re bringing our platform to one of the most dynamic and forward-thinking markets in the region. We’ve always aspired to be in Saudi, and we’re committed to helping support the Kingdom’s goal towards a cashless future as part of Vision 2030.”
Abdullah Alibrahim, CEO of neoleap, added:
“Our mission is to reshape the financial landscape and equip businesses with the tools they need to thrive in an increasingly digital world. Our partnership with Pemo is a significant step in that direction, delivering an AI-powered, seamless spend management experience integrated with our infrastructure.”
Over the coming year, Pemo plans to expand its local team and support talent development in Saudi Arabia’s rapidly evolving fintech sector.
