Latest Pemo News & Updates

See the latest news and media coverage for Pemo. We track all announcements, press releases, and industry mentions in real time, all in one place.

Pemo

Business spend management and financial operations platform

pemo.io

Headquarters: Dubai, United Arab Emirates, United Arab Emirates
Company type: Private company
Number of employees: 100–200
Industry: Financial Technology (Fintech)

Last updated October 27

Latest news about Pemo

In short: Pemo raised $7 million, secured in-principle SVF licensing, and launched Shariah-compliant accounts.

Company announcements

October 27 Pemo

Pemo releases its first quarterly SME spend index for Q3 2026

The report highlights a fivefold increase in AI tool spending among UAE businesses and analyzes spending shifts across key sectors like technology and marketing.

October 15 Pemo

Pemo Launches Overnight Wakala Feature

Idle business funds automatically earn profits via ruya-powered nightly deposits. Users see expected returns in the app, with usage all day.

November 13, 2024 Pemo

Pemo secures $7 million funding and hits AED 1.4bn transactions

The UAE fintech plans to expand in the GCC and enhance its spend management platform with new investment from Augmentum Fintech and Shorooq.

May 18, 2022 Pemo

Pemo launches spend management platform after $12 million seed round

The UAE-based fintech startup offers invoice payment, expense management, and corporate cards for MENA SMEs and plans regional expansion including Saudi Arabia.

Media coverage

June 23, 2025 Fintech Futures

Pemo Launches All-in-One Spend Management Platform for MENA SMEs Following $12 Million Seed Round

Pemo is a UAE-based startup on a mission to empower small and medium-sized enterprises (SMEs) across the Middle East, North Africa and Pakistan (MENAP) region...

June 17, 2025 My Startup World

Pemo onboards 200th customer in Saudi Arabia

Pemo, the all-in-one spend management platform, has announced a major milestone in its journey: its 200th customer has now been onboarded.

June 16, 2025 SME10X

Powering Vision 2030: Pemo’s Fintech Surge

Powering Vision 2030: Pemo's Fintech Surge. Fintech startup Pemo rapidly expands in Saudi Arabia, onboarding 200 SMEs since launch, driven by demand for smart...

May 13, 2025 Campaign Middle East

Pemo launches first OOH campaign as growth accelerates

Pemo, a UAE-based fintech company, has launched its first OOH campaign, expanding its presence across Dubai with a message that takes aim at the frustrations...

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