Mubasher: UAE’s leading corporate spend management platform Qashio acquired Sanad Cash, one of Saudi Arabia’s first and most established expense management solutions.

This move aligns with the company’s plans to expand its growth into the Kingdom and reinforces its commitment to the region, according to a press release.

The partnership will integrate Qashio’s industry-leading spend management technology with Sanad Cash’s deep local expertise, enabling Saudi businesses to access a seamless platform for managing corporate expenses and cards.

The two market leaders will team up to enable Saudi clients to expand globally through Qashio’s international presence in the EU, the UK, and the UAE.

Armin Moradi, Founder and CEO of Qashio, said: “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.”

Mahmoud Iswaid, Co-Founder and CEO of Sanad Cash, commented: “Together, we are building a unified platform that simplifies how companies manage spending, enhances financial transparency, and supports the Kingdom’s vision for a cashless, innovation-driven economy.”

By combining forces, Qashio will offer advanced localized features, streamlined regulatory compliance, and rewards for Saudi enterprises in line with the Saudi Vision 2030. Existing Qashio clients will be able to get locally issued cards in KSA.

Furthermore, Qashio is launching an extensive recruitment drive. The company has over 120 open positions across multiple functions to be filled within the next six months.

These new roles will be distributed across key operational and expansion markets, including Europe, Jordan, the UK, Dubai, Abu Dhabi, and KSA.

Last September, Alinma Bank invested in Qashio to secure enhanced services and digital financial solutions to boost operational efficiency.