Alinma Investing Strategically in Qashio for Corporate Expense Management Solutions Provision

Collaboration Establishes Record in Financial Services Across Saudi Arabia and Beyond

, and Administrator

2025 September 17 . 10:52 PM

2 min read

Alinma makes strategic move, sets up funding for Qashio to provide corporate expense management... — Alinma makes strategic move, sets up funding for Qashio to provide corporate expense management services

Alinma Investing Strategically in Qashio for Corporate Expense Management Solutions Provision

In a groundbreaking move, Alinma Bank, a leading financial institution in Saudi Arabia, has announced a strategic investment and partnership with Qashio, a leading spend management and corporate card platform in the MENA region. This partnership is set to redefine the landscape of corporate financial solutions in the Kingdom and beyond.

Qashio's globally recognized spend management platform, renowned for its cutting-edge technology, is now part of Alinma Bank's offerings. This move expands Alinma Bank's capabilities in the corporate financial solutions sector, further strengthening its position in the sector and commitment to providing top-tier services to the corporate sector.

Armin Moradi, CEO and Founder of Qashio, expressed gratitude for the strategic partnership and investment, stating that it aligns with Vision 2030's goals of economic diversification, promoting fintech, and moving toward a cashless society. The partnership is a testament to the progress made in Saudi Arabia's fintech sector and its commitment to fostering financial innovation.

Qashio's loyalty ecosystem provides access to premium partners such as Emirates Skywards, Air France, KLM, Avios, Japan Airlines, Jumeirah One, Accor Hotels, Intercontinental, and Shukran, among others. Combined with Alinma Bank's scale, credibility, and client base, Qashio's spend management platform and loyalty ecosystem will provide clients with a modern, usable, and rewarding way to manage business expenses and transactional banking.

Sultan Alhabib, CEO and founder of Qashio, commented on the partnership and investment with Alinma Bank. He expressed his excitement about the partnership, stating that it will contribute significantly to Saudi Arabia's goals of economic diversification, promoting fintech, and moving toward a cashless society.

Alinma Bank's portfolio of Fintech companies includes notable names like Amwal Tech, Ejari, Lean Technology, NearPay, and several local VC funds. The addition of Qashio to this portfolio further strengthens Alinma Bank's position in the sector and commitment to offering advanced digital financial solutions.

The partnership between Alinma Bank and Qashio positions them to be key players in supporting Saudi Arabia's ambitions to become a financially inclusive digital-first economy, setting a new benchmark for corporate financial solutions in the region. This move is expected to set a new standard for corporate financial solutions in Saudi Arabia and beyond, contributing to the country's accelerated journey toward becoming a cashless society, with Vision 2030 serving as the blueprint for this evolution.