Pemo receives in-principle SVF licence from UAE central bank
The approval allows Pemo to hold business funds digitally and introduce digital wallets for over 6,000 SME customers, pending full licensing.
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Corporate cards and expense management platform
pemo.ioLast updated
In short: Pemo expanded its regional presence and secured $7 million in funding to enhance its AI-driven spend management platform for MENA SMEs.
The approval allows Pemo to hold business funds digitally and introduce digital wallets for over 6,000 SME customers, pending full licensing.
The platform aids MENA SMEs with spend management, corporate cards, and workflows for resilience. Partners include Mastercard, FAB, RAKBANK, and Female Fusion.
The collaboration provides entrepreneurs with corporate cards, real-time spend visibility, AI expense management, and faster book closing. It helps founders focus on growth.
The hub accesses MENA talent to accelerate product and support. Pemo hires in sales and engineering.
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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...
Pemo, the all-in-one spend management platform, has announced a major milestone in its journey: its 200th customer has now been onboarded.
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