Alinma Bank is continuing its commitment to give the best services to businesses. It also aims to provide modern digital financial tools that help companies work more efficiently.
As part of this, the bank has announced a strategic investment and partnership with Qashio, a leading spend management and corporate card platform in the MENA region.
With this investment, Qashio officially becomes part of Alinma Bank’s fintech portfolio, which already includes companies like Amwal Tech, Ejari, Lean Technology, NearPay, and several local VC funds.
The partnership will now grow stronger, as both sides work together to build a complete spend management platform and provide top-quality financial solutions for SMEs and large businesses. The goal is to make sure clients benefit from the latest global technologies.
Qashio also brings its loyalty ecosystem, giving customers access to premium partners such as Emirates Skywards, Air France, KLM, Avios, Japan Airlines, Jumeirah One, Accor Hotels, Intercontinental, and Shukran, among others.
This investment supports Saudi Arabia’s Vision 2030 by helping diversify the economy, encouraging financial innovation, and moving the country toward a cashless society.
By combining Alinma Bank’s size, reputation, and large customer base with Qashio’s proven spend management platform, the partnership creates a new standard for corporate financial solutions in Saudi Arabia and the wider region.
Armin Moradi, CEO and Founder of Qashio, said: “This strategic partnership and investment have been made possible thanks to Vision 2030, where Qashio and Alinma will continue to contribute to the Kingdom’s goals of economic diversification, promoting fintech, and moving toward a cashless society. By combining Alinma Bank’s scale, credibility, and client base with Qashio’s globally recognized and proven cutting-edge spend management platform and loyalty ecosystem, this collaboration enables clients access to the most modern, usable, and rewarding way to manage business expenses and transactional banking.”
Saudi Arabia is moving quickly toward becoming a cashless society, driven by its fast-growing fintech sector. Guided by Vision 2030, the country is using its tech-savvy population and forward-looking policies to build a digital-first economy that is open and inclusive for everyone.
Through their partnership, Alinma Bank and Qashio will help support these national goals and set a new standard for corporate financial solutions in Saudi Arabia and across the region.
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