RIYADH, 23 October 2025 – Qashio, the UAE-based spend management platform, has acquired Sanad Cash for an undisclosed amount. The acquisition expands Qashio’s foothold in Saudi Arabia and further strengthens its position as a leader in international spend management solution for businesses in the region.
Based in Saudi Arabia, Sanad Cash offers a comprehensive solution to manage business expenses and corporate cards. It simplifies spend management through customisable policies, smart reporting, and automation.
The deal will allow enterprises in the Kingdom to manage corporate expenses through a seamless, regulated, and localised platform. Saudi clients can also expand internationally and leverage on Qashio’s presence in the UK, the EU, and the UAE. Existing clients of Qashio can receive locally issued cards in the Kingdom.
Armin Moradi, Founder and CEO of Qashio, said, “Sanad Cash brings invaluable local knowledge and a trusted client base. Combined with Qashio’s technology and focus on exceptional user experience, we are now delivering the most advanced spend management solution in the region.”
Mahmoud Iswaid, Co-Founder and CEO of Sanad Cash commented, “The acquisition of Sanad Cash by Qashio represents a major leap forward for the Saudi fintech landscape. It reflects the growing maturity and consolidation of the market, and our shared commitment to empowering Saudi businesses with world-class financial technologies.”
The unified platform will improve financial transparency for businesses and facilitate Saudi Arabia’s shift towards a digital society.
