Alinma Bank, continuing its commitment to providing advanced digital financial solutions, has announced a strategic investment and partnership with Qashio, a leading spend management and corporate card platform in the MENA region. This investment officially adds Qashio to Alinma Bank’s portfolio of financial technology (Fintech) companies.
The collaboration deepens an existing partnership between the two entities, with the goal of developing a comprehensive spend management platform for SME and corporate clients. By combining Alinma Bank’s scale and client base with Qashio’s globally proven platform, the partnership aims to deliver world-class financial solutions and a new benchmark for corporate finance in Saudi Arabia. This effort is in alignment with Saudi Vision 2030 goals of economic diversification and the transition toward a cashless society.
According to Armin Moradi, CEO and Founder of Qashio, the partnership was made possible by Saudi Vision 2030, which encourages fintech growth. “By combining Alinma Bank’s scale, credibility, and client base with Qashio’s globally recognized and proven cutting-edge spend management platform and loyalty ecosystem, this collaboration enables clients access to the most modern, usable, and rewarding way to manage business expenses and transactional banking.”
The partnership is strategically positioned to support Saudi Arabia’s journey to becoming a cashless society, leveraging a digitally connected population and progressive policies to fast-track its evolution into a financially inclusive, digital-first economy.
