UAE fintech company Qashio, a leading provider of corporate expense management and smart payment solutions, has announced its acquisition of Saudi fintech firm Sanad Cash, in a strategic move aimed at accelerating its expansion and strengthening its presence in the Kingdom’s rapidly growing financial technology sector.
The acquisition aligns with Qashio’s regional growth strategy and reflects its confidence in Saudi Arabia’s dynamic fintech ecosystem, which continues to flourish under Vision 2030 through progressive regulation, innovation incentives, and strong digital infrastructure.
According to Qashio’s CEO, the deal will enable the company to expand its client base in the Kingdom while introducing advanced digital payment and expense management tools tailored to Saudi businesses. The integration of Sanad Cash’s local expertise with Qashio’s proprietary technologies will enhance operational efficiency and further digitize financial workflows across the Saudi and Gulf markets.
Qashio specializes in smart corporate payment cards and digital expense management systems, allowing companies to control and monitor spending in real time — improving transparency, reducing financial errors, and streamlining administrative processes.
Sanad Cash, a Saudi-born fintech startup, has gained strong market traction by leveraging cloud-based and AI-driven platforms to automate expense reporting and corporate finance operations.
Industry experts view this acquisition as a landmark collaboration between the UAE and Saudi fintech sectors, reinforcing regional integration and advancing the shared goal of building a robust, innovation-driven digital economy across the Gulf region.
