The Beginning of Qashio
Qashio is a UAE-based fintech startup founded in 2021 by Armin Moradi and Jonathan Lau. The idea for Qashio came to life when both founders noticed a major issue in the business world — companies had no proper tools to manage their expenses.
Most businesses were handling their expenses manually, which often led to errors, wasted time, and financial losses.
Realizing this gap, Armin and Jonathan decided to create a platform that would help companies manage and control their spending more efficiently.
They wanted to build a solution that could automate the expense process and give businesses more clarity and control over their finances.
Changing the Way Businesses Handle Money
Armin and Jonathan saw firsthand how messy and outdated manual expense tracking had become. It was difficult for businesses to track spending in real time, and often lost control of their budgets.
It wasn’t just inefficient; it was risky. So, they set out with a clear goal: to fix this problem by giving companies a more innovative, safer way to manage their money.
So, they built Qashio — a comprehensive expense management platform that helps businesses automate their spending, control expenses, and grow more efficiently.
With Qashio, companies no longer need to rely on spreadsheets or paperwork. Everything is handled digitally, quickly, and with greater accuracy.
Offering Financial Services
Qashio provides smart, transparent, and easy-to-use financial tools. One of its key features is the smart corporate card.
These cards let employees use company money for work expenses, while employers can set spending limits and decide where the card can be used, allowing companies to monitor and manage every transaction easily.
The platform also automates expense reporting, which saves time and reduces errors. It includes a budgeting and approval system that requires manager approval before any request before any spending, ensuring better decision-making and minimizing wasteful expenses.
In addition to expense management, the company helps small and medium businesses get fast loans and even apply for commercial insurance — all through a fully digital process.
Qashio: Empowering Business Across Borders
Today, Qashio’s platform is active across 22 countries, including the UAE, the UK and many European nations. Businesses across these regions trust Qashio to manage their financial operations and reduce overspending.
By using Qashio’s tools and corporate cards, companies have been able to fix a complex and costly problem. The platform helps organizations track every dirham, euro, or pound spent and ensures money is used where it truly matters.
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Fuelling Rapid Growth & Success
Qashio has seen incredible growth since its launch. Over the past three years, the company’s annual revenue has increased by over 800%. Qashio reported profitability in the first quarter of FY25, with earnings exceeding US$1.2 million.
In its latest funding round, Qashio secured $19.8 million. With this funding, the company plans to expand globally and reach new regions. They are also focused on enhancing their financial rewards program, especially in the Middle East and North Africa.
A Simple Vision To Multi-million Dollar Business
Many people face problems, but only a few take actions to solve them. Armin Moradi and Jonathan Lau didn’t just notice a gap in the market — they built a powerful solution that is now helping businesses all over the world.
Their belief and dedication have turned Qashio into a multimillion-dollar company in just a few years. What started as a simple vision to solve a common business problem has grown into a platform that’s transforming how companies manage money.
Qashio’s story is a great example of how innovation, insight, and action can lead to real change. By reducing manual work, controlling spending, and helping businesses grow smarter, Qashio is not just another fintech company — it’s a financial partner that’s empowering modern businesses to thrive.
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