UAE-based fintech Qashio, the region’s leading corporate spend management platform, has announced its acquisition of Saudi Arabia’s Sanad Cash, one of the Kingdom’s first and most established expense management solutions, for an undisclosed amount.
This strategic move strengthens Qashio’s expansion into Saudi Arabia and underscores its long-term commitment to regional fintech growth, aligning closely with Saudi Arabia’s Vision 2030 for a cashless, innovation-driven economy.
The deal merges Qashio’s industry-leading technology with Sanad Cash’s deep local expertise, providing Saudi enterprises with a fully localised, compliant, and seamless platform for managing corporate expenses and cards. Through this integration, Saudi clients will also gain access to Qashio’s international network across the EU, the UK, and the UAE, positioning Qashio as the region’s most comprehensive and only international spend management solution.
“Sanad Cash brings invaluable local knowledge and a trusted client base. Combined with Qashio’s technology and focus on exceptional user experience, we are now delivering the most advanced spend management solution in the region,” said Armin Moradi, Founder and CEO of Qashio.
“The acquisition of Sanad Cash by Qashio represents a major leap forward for the Saudi fintech landscape. It reflects the growing maturity and consolidation of the market and our shared commitment to empowering Saudi businesses with world-class financial technologies,” said Mahmoud Iswaid, Co-Founder and CEO of Sanad Cash.
As part of this growth, Qashio is launching a large-scale recruitment campaign, with over 120 open positions across Europe, Jordan, the UK, Dubai, Abu Dhabi, and KSA, to be filled in the next six months — reflecting its global ambitions.
Through this acquisition and expansion, Qashio continues its mission to transform corporate financial management across MENA, delivering efficiency, transparency, and rewards on every transaction, while empowering Saudi enterprises to thrive in a digital economy.
