# Payables Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/payables-technology

- Industry: Financial Services
- Headquarters: Dubai, United Arab Emirates
- Website: www.pemo.io
- Total disclosed funding: $12M
- Latest round: Seed (May 18, 2022)
- Investors on record: 6

## About

In 2022, the company was co-founded by serial entrepreneurs, tech company alumni, Ayham Gorani, Valerie Konde, Alessandro Duri, and Saed Ghorani.  In November 2024, Payables Technology Ltd raised USD 7 million in pre-series A funding co-led by Augmentum and Shorooq Partners, with participation from Cherry Ventures, FinTech Collective, and Speedinvest. Other unspecified investors also participated in the round. The company operates as a payment platform focusing on SMEs (small and medium-sized enterprises). The platform can be used to digitize invoices, automate approval flows, one-click invoice payments and real-time cash flow monitoring. The company will use the November 2024 funding to drive further product innovations, deliver exceptional experiences for its customers, and expand into additional markets.

## Funding rounds

- Seed, May 18, 2022, $12M — Speedinvest, FinTech Collective, Cherry Ventures, Shorooq Partners, B&Y Venture Partners, Antler

## Investors

- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Seed
- FinTech Collective (https://capitalatlas.ai/funds/fintech-collective) — Seed
- Cherry Ventures (https://capitalatlas.ai/funds/cherry-ventures) — Seed
- Shorooq Partners (https://capitalatlas.ai/funds/shorooq-partners) — Seed
- B&Y Venture Partners (https://capitalatlas.ai/funds/b-y-venture-partners) — Seed
- Antler (https://capitalatlas.ai/funds/antler) — Seed