Saudi Press

Saudi Arabia and the world
Saturday, Aug 02, 2025

UAE fintech Pemo to spare no expense in its Saudi launch next year

UAE fintech Pemo to spare no expense in its Saudi launch next year

UAE-based fintech startup Pemo, an all-in-one expense management platform, is planning to start operations in Saudi Arabia in the first quarter of 2023.

In an exclusive interview with Arab News, Ayham Gorani, co-founder and CEO at Pemo, said that the company plans to broaden its footprint across the Gulf Cooperation Council and Egypt.

“We are preparing for our launch, and we aim to begin operations in Saudi Arabia in the first quarter of 2023,” said Gorani.

Pemo Co-Founders Ayham Gorani.


Founded in April 2022, the platform solves spending and reconciliation challenges for finance teams in small and medium enterprises.

“We feel incredibly welcomed and very encouraged by the remarkable effort that Saudi Arabia has demonstrated toward boosting the fintech sector,” added Gorani.

Pemo aims to support the Kingdom’s digital economy strategy in line with the Saudi Central Bank’s vision to modernize the fintech sector.

The company believes the Fintech Strategy Implementation Plan under the Saudi Vision 2030 Financial Sector Development Program Financial Sector Development Program will have a far-reaching impact on the industry.

“This will undoubtedly have a knock-on effect on the nation’s overall economy, boosting Saudi fintech companies to create nearly 18,000 jobs by 2030,” said Gorani.

The company launched its virtual and physical cards with Visa.


The fintech sector is one of the world’s most funded and fastest-growing industries, with the Kingdom planning to triple the number of its fintech companies by 2025.

“Our platform builds operational efficiencies in the spend management processes of SMEs, and many of our clients are, in fact, fintech companies,”

The company raised $12 million in a seed funding round in May and launched its virtual and physical card, Pemo Card, in partnership with Visa.

The cards allow companies to distribute and decentralize their corporate spending by empowering employees to make purchasing decisions within parameters set by department heads or management teams.

“Many companies now prefer using virtual cards for certain services, such as online subscriptions and purchases, as well as media buying on social platforms. So, we want to ensure we’re catering to their business needs and make processes as seamless and easy as possible,” Gorani added.

The company plans to onboard 1,000 companies on its platform in the upcoming months while empowering its customer experience through its virtual cards.

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Emirates Airline Expands Market Share with New $20 Million Campaign
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
×