Qashio, a top corporate spending platform from the UAE, has announced that it has acquired Sanad Cash — one of Saudi Arabia’s earliest and most trusted expense management companies.
This important deal helps Qashio expand its business into Saudi Arabia and shows the company’s strong commitment to growing in the region.
By acquiring Sanad Cash, Qashio is combining its advanced spend management technology with Sanad Cash’s strong local knowledge. This will help Saudi businesses use a smooth, fully local, and compliant platform to manage their company expenses and cards.
Together, these two leading companies will make it easier for Saudi clients to grow internationally by using Qashio’s global network in the EU, the UK, and the UAE.
With this move, Qashio strengthens its position as the region’s most complete — and only international — spend management solution for businesses.
“Sanad Cash brings invaluable local knowledge and a trusted client base. Combined with Qashio’s technology and focus on exceptional user experience, we are now delivering the most advanced spend management solution in the region,” said Armin Moradi, Founder and CEO of Qashio. “The acquisition of Sanad Cash by Qashio represents a major leap forward for the Saudi fintech landscape. It reflects the growing maturity and consolidation of the market and our shared commitment to empowering Saudi businesses with world-class financial technologies. Together, we are building a unified platform that simplifies how companies manage spending, enhances financial transparency, and supports the Kingdom’s vision for a cashless, innovation-driven economy,” said Mahmoud Iswaid, Co-Founder and CEO of Sanad Cash.
This move supports Qashio’s plan to grow in Saudi Arabia. By joining forces, Qashio will bring improved local features, easier regulatory processes, and better rewards for Saudi businesses that are moving toward digital payments as part of the Kingdom’s Vision 2030.
Current Qashio clients will also benefit by being able to get locally issued cards within Saudi Arabia.
To support its next stage of growth, Qashio has started a major hiring campaign. The company is looking to fill over 120 job positions in the next six months across different departments, showing its global growth plans. These roles will be based in important markets such as Europe, Jordan, the UK, Dubai, Abu Dhabi, and Saudi Arabia.
With this acquisition and expansion, Qashio stays focused on its mission to change how businesses in the MENA region and beyond manage their money — making every transaction more efficient, transparent, and rewarding.
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