Riyadh - Sharikat Mubasher: Pemo, an all-in-one spend management platform, officially launched in Saudi Arabia, offering cutting-edge financial solutions to businesses of all sizes across the Kingdom.

In a statement, the company revealed that it will provide smart corporate and virtual cards, automated receipt collection, and AI-driven accounting to streamline expense tracking and invoice management, enabling Saudi companies to focus on innovating and driving the growth of their businesses.

Through this move, Pemo aims to contribute to building Saudi Arabia’s thriving fintech ecosystem, driven by the Kingdom’s transformative Vision 2030 goals and its ambitions to be a digital-first economy.

Partnering with Neoleap, a subsidiary of Alrajhi Bank, Pemo will integrate its cutting-edge and user-friendly spend management platform with Neoleap’s innovative payment infrastructure, meaning that Saudi businesses will have full control over their finances, optimizing their operations for greater transparency and efficiency.

Ayham Gorani, Co-founder of Pemo, said: “By launching in the Kingdom, and partnering with a trusted entity like neoleap, we’re bringing our platform to one of the most dynamic and forward-thinking markets in the region; we have always wanted to be in Saudi, and we are committed to helping support the Kingdom’s goal towards a cashless future as part of its Vision 2030 ambitions.”

For his part, Abdullah Albrahim, CEO of Neoleap, stated that the partnership with Pemo represents a significant step in reshaping the financial landscape and equipping businesses with the tools they need to thrive in an increasingly digital world.

“This collaboration reflects our shared vision of enabling businesses to make smarter financial decisions, while advancing Saudi Arabia’s FinTech ecosystem,” he added.

Pemo’s top priority is to nurture and help build Saudi Arabia’s fintech ecosystem, providing opportunities for the next generation of leaders by investing in aspiring talent.