Alinma Bank has announced a strategic investment and partnership with Qashio, the leading spend management and corporate card platform in the Middle East and North Africa region.
Through this strategic collaboration, Qashio will be added to Alinma Bank’s fintech portfolio, which already includes Amwal Tech, Ejari, Lean Technology, NearPay, as well as several local venture capital funds.
Developing Integrated Spend Management Solutions
The partnership aims to strengthen cooperation between the two entities by developing a comprehensive spend management platform and delivering world-class financial solutions to SMEs and corporate clients. The initiative ensures businesses gain access to the latest digital technologies in expense management.
Qashio’s loyalty ecosystem further enriches the offering, providing clients access to premium partners such as Emirates Skywards, Air France, KLM, Avios, Japan Airlines, Jumeirah One, Accor Hotels, Intercontinental, Shukran, and other global brands.
This strategic investment directly supports the objectives of Saudi Arabia’s Vision 2030 by contributing to economic diversification, fostering financial innovation, and driving the transition toward a cashless society.
By combining Alinma Bank’s extensive client base and credibility with Qashio’s globally recognized spend management expertise, the partnership sets a new benchmark for corporate financial solutions in Saudi Arabia and the wider region.
Executive Remarks
Armin Moradi, CEO and Founder of Qashio, commented:
“We are proud to partner with Alinma Bank in advancing the Kingdom’s Vision 2030 goals of economic diversification, fintech development, and transitioning to a cashless society.”
He add:
“Together, we will offer clients a modern and rewarding way to manage business expenses and corporate banking transactions.”
Accelerating Digital Transformation
This partnership comes at a time when Saudi Arabia is rapidly moving toward a cashless economy, driven by the growth of the fintech sector, a digitally aware population, and progressive government policies supporting digital transformation.
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