Pemo, a Dubai, UAE-based fintech company, raised USD7M in funding.
The round was led by Augmentum Fintech, with participation from Shorooq Partners, Cherry Ventures, Speedinvest and Fintech Collective. Augmentum Fintech Management Partner Perry Blacher will join the Pemo board.
The company intends to use the funds to drive further innovation in its product, and expand into additional markets.
Led by Ayham Gorani, Valerie Konde, Alessandro Duri, and Saed Ghorani, Pemo provides an expense management and business payments solution, via corporate cards, to SME businesses in the UAE.
The company, which recently surpassed USD1.4 Billion in transactions, works with over 4,000 businesses. Pemo also has offices in Saudi Arabia and Egypt.
FinSMEs
13/11/2024