Pemo is a Dubai-based fintech that provides expense management and business payments solutions to SMEs via corporate cards. Led by Ayham Gorani, Valerie Konde, Alessandro Duri and Saed Ghorani, the company works with over 4,000 businesses. Pemo recently surpassed USD 1.4 billion in processed transactions. The company has offices in Saudi Arabia and Egypt. Pemo intends to use new funding to drive further product innovation and to expand into additional markets. Pemo has launched an all-in-one spend management platform that provides simplified invoice payment, expense management and smart corporate card capabilities for SMEs. Current features include digitized invoices, automated approval flows, one-click invoice payments and real-time cash flow monitoring. The company plans to offer physical and virtual prepaid cards that integrate with the app to categorize employee expenses, capture receipts and provide full visibility on corporate spending. Pemo was co-founded by Ayham Gorani, Valerie Konde, Alessandro Duri and Saed Ghorani, who are described as serial entrepreneurs and Rocket Internet and Google alumni. The startup intends to use its new funding to continue expanding operations and business reach. Following its UAE launch, Pemo is targeting Saudi Arabia by the end of 2022, with later expansion planned into Egypt and Pakistan.

Total raised

$19M

Funding rounds

2

Latest round

Equity

Latest activity

Nov 2024