# Qashio Holding Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qashio-holding-company

- Industry: Software
- Headquarters: Dubai, United Arab Emirates
- Website: www.qashio.com
- Latest round: Seed (Nov 22, 2022)
- Investors on record: 8

## About

Based in Dubai, United Arab Emirates and founded in 2021 by Jonathan Lau and Armin Moradi, Qashio develops a expense management platform. In May 2025, Qashio Holding Company Limited raised an undisclosed amount of venture funding led by returning investor Rocketship, with participation from other returning investors MITAA and One Way Ventures. New investor ABN Ventures, MTC, and other unspecified investors also participated in the round. The round was part of a larger USD 19.8 million equity and venture debt funding. Qashio develops a platform for businesses to manage expenses and payments with software-enabled corporate cards and accounts payable automation. The platform allows users to develop budgets and automate expense reporting. Qashio's dashboard integrates real-time tracking for every business expense and allows enterprises and SMEs to make cash flow decisions. The platform allows businesses to set spending limits on virtual and physical cards to avoid late expense claims and delay in reimbursements and also allows automation of the invoicing and vendor and supplier payment. The company plans to utilize the May 2025 funding to expand into new markets, scale its fintech loyalty program across the MENA region, and enhance regulatory compliance ahead of launching in Saudi Arabia.

## Funding rounds

- Seed, Nov 22, 2022 — 500 Global, Iliad Partners, One Way Ventures, Sanabil Investments, Nuwa Capital, Cadorna Ventures, MITAA, Phoenix Investment

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Iliad Partners (https://capitalatlas.ai/funds/iliad-partners) — Seed
- One Way Ventures (https://capitalatlas.ai/funds/one-way-ventures) — Seed
- Sanabil Investments (https://capitalatlas.ai/funds/sanabil-investments) — Seed
- Nuwa Capital (https://capitalatlas.ai/funds/nuwa-capital) — Seed
- Cadorna Ventures (https://capitalatlas.ai/funds/cadorna-ventures) — Seed
- MITAA — Seed
- Phoenix Investment — Seed