Riyadh - Mubasher: Alinma Bank has invested in UAE-based fintech Qashio in line with its commitment to providing advanced services and digital financial solutions to enhance operational efficiency.

The partnership will focus on developing a comprehensive spend management platform for SME and corporate clients, according to a press release.

It will integrate Qashio’s ecosystem with premium partners like Emirates Skywards, Air France, Jumeirah One, Accor Hotels, and others.

Meanwhile, the Saudi lender’s client base will be embedded into Qashio’s proven platform, setting a new standard for corporate financial solutions in Saudi Arabia and the region.

This investment adds Qashio to the bank’s fintech portfolio alongside Amwal Tech, Ejari, Lean Technology, NearPay, and several local VC funds.

Armin Moradi, CEO and Founder of Qashio, said:“This strategic partnership and investment have been made possible thanks to Vision 2030, where Qashio and Alinma will continue to contribute to the Kingdom's goals of economic diversification, promoting fintech, and moving toward a cashless society.”

Last May, Qashio, the MENA region’s leading spend management and corporate card platform, closed a $19.80 million funding round to expand into the Kingdom.

During the six-month period that ended on 30 June 2025, Alinma Bank generated net profits valued at SAR 3.08 billion.