New partnership with neoleap to drive smarter expense management across Saudi Arabia.
Pemo, the all-in-one spend management platform, has officially launched operations in Saudi Arabia, delivering cutting-edge financial tools to businesses of all sizes across the Kingdom.
Backed by $19 million in global funding
With $19 million in backing from global investors, this MENA-based FinTech company offers smart corporate and virtual cards, automated receipt capture, and AI-powered accounting—streamlining expense tracking and invoice management so Saudi companies can focus on innovation and business growth.
Establishing a presence in the Kingdom is part of Pemo’s commitment to contributing to Saudi Arabia’s rapidly evolving FinTech ecosystem. This aligns with the country’s Vision 2030 initiative, which aims to build a thriving, digital-first economy.
Pemo has partnered with neoleap, a subsidiary of alrajhi bank, to integrate its intuitive platform with neoleap’s advanced payment infrastructure. This partnership will enable Saudi businesses to take full control of their finances—improving transparency, efficiency, and operational optimization.
With more than 6,000 customers already on board, the collaboration with neoleap marks a significant milestone as Pemo enters the Saudi market. With robust government support, progressive regulations, and a vibrant start-up culture, Pemo plans to focus on serving clients and attracting top talent throughout the year. The company is especially committed to helping grow the local FinTech space by investing in emerging talent and supporting future industry leaders.
Supporting Vision 2030 with digital-first solutions
Commenting on the launch, Ayham Gorani, Co-Founder of Pemo, said: “Saudi Arabia is undergoing a remarkable economic transformation, and businesses need smart, efficient financial solutions to fuel their growth efforts. By launching in the Kingdom and partnering with a trusted entity like neoleap, we’re entering one of the most forward-thinking markets in the region. We’ve always aspired to be in Saudi, and we’re committed to supporting the nation’s journey toward a cashless, digital economy as part of Vision 2030.”
“We’re also thrilled to invest in local tech talent and contribute to building a sustainable, world-class FinTech ecosystem,” he added.
Seamless integration with neoleap’s payment infrastructure
Abdullah Albrahim, CEO of neoleap, echoed this commitment: “At neoleap, our mission is to reshape the financial landscape and equip businesses with the tools they need to thrive in a digital-first world. Our partnership with Pemo is a key step in achieving that goal—offering a seamless, AI-driven expense management solution fully integrated with our advanced infrastructure. Together, we aim to help businesses make smarter financial decisions and strengthen Saudi Arabia’s FinTech ecosystem.”
The Saudi launch comes as Pemo celebrates three years in operation. The company was recently recognized as one of the UAE’s Top Future 100 companies and was listed among Forbes’ Top FinTech Companies in the UAE.
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