Dubai-based fintech company Qashio has successfully secured $19.8 million in equity and non-equity financing. This investment round was led by Rocketship, an early-stage venture fund located in California, and included participation from Oneway VC, ABN Ventures, MITAA, alongside other investors such as family offices and banks in the Middle East and North Africa (MENA) region.

Founded in 2021, Qashio provides a platform designed to assist businesses in managing expenses and payments through integrated corporate cards and accounts payable automation. This funding is expected to facilitate the company’s expansion efforts across the Gulf Cooperation Council (GCC) region and beyond.

The new financial backing will enable Qashio to enhance its services and reach more clients in the growing fintech landscape. As the company continues to innovate, it aims to strengthen its position as a key player in the financial technology sector.