Pemo Launches All-in-One Spend Management Platform for MENA SMEs Following $12 Million Seed Round

Pemo, the UAE-based fintech startup empowering businesses  across the Middle East, North Africa and Pakistan (MENAP), announced 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.

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 available features include digitized  invoices, automated approval flows, one-click invoice payments and real-time cash flow  monitoring. Users can soon avail physical and virtual prepaid cards that can be distributed to employees. Through integration into the Pemo app, the prepaid card will automatically categorize employee expenses, capture receipts for each transaction, and offer business owners and management teams full visibility on corporate spending.

Pemo was co-founded by serial entrepreneurs, and Rocket Internet and Google alumni, Ayham  Gorani, Valerie Konde, Alessandro Duri, and Saed Ghorani, who have collectively launched or  scaled more than eight ventures, including Zalora and Pleo over the last 15 years. They are  supported by a founding team of 20 members stemming from successful local and international  tech companies.

Following its UAE launch, Pemo is looking to establish operations in Saudi Arabia by the end of  2022. The company later  plans to extend its geographical footprint into Egypt and Pakistan.

Early adopters who want to be among the first to experience the Pemo platform can sign up for a demo by visiting: pemo.io

About Pemo

Pemo is a UAE-based startup on a mission to empower small and medium-sized enterprises (SMEs) across the Middle  East, North Africa and Pakistan (MENAP) region by offering an all-in-one spend management platform that packs every company invoice, expense, approval and spending decision into one powerful platform.

For more information, please visit: pemo.io