Alinma Bank invests in Qashio to advance Saudi fintech goals

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Alinma Bank has announced a strategic investment and partnership with Qashio, the MENA region’s leading spend management and corporate card platform, reinforcing its commitment to delivering advanced digital financial solutions that drive efficiency for corporate clients.

The move officially adds Qashio to Alinma Bank’s growing fintech portfolio, which already includes Amwal Tech, Ejari, Lean Technology, NearPay, and several local VC funds. This partnership aims to enhance and expand the existing collaboration between the two entities, with a focus on building a comprehensive spend management platform tailored to SMEs and corporates. Qashio’s loyalty ecosystem further enriches the offering by providing access to premium partners such as Emirates Skywards, Air France, KLM, Avios, Japan Airlines, Jumeirah One, Accor Hotels, Intercontinental, and Shukran, among others.

Aligned with Saudi Arabia’s Vision 2030, this strategic investment supports the Kingdom’s push toward economic diversification, financial innovation, and the transition to a cashless society. By combining Alinma Bank’s scale, credibility, and extensive client base with Qashio’s globally proven spend management solutions, the partnership establishes a new benchmark for corporate financial services across the region.

Read: 24 Fintech: The role of Saudi fintech firms in economic development

Armin Moradi, CEO and founder of Qashio, said: “This strategic partnership and investment have been made possible thanks to Vision 2030, where Qashio and Alinma will continue to contribute to the Kingdom’s goals of economic diversification, promoting fintech, and moving toward a cashless society. By combining Alinma Bank’s scale, credibility, and client base with Qashio’s globally recognized and proven cutting-edge spend management platform and loyalty ecosystem, this collaboration enables clients access to the most modern, usable, and rewarding way to manage business expenses and transactional banking.”

Saudi Arabia’s rapidly expanding fintech sector is fueling the country’s ambition to become a cashless economy. With Vision 2030 providing the roadmap, the Kingdom is leveraging its digitally connected population and progressive policies to build a financially inclusive, digital-first economy. The Alinma–Qashio partnership is well positioned to accelerate this transformation and deliver best-in-class corporate financial solutions in Saudi Arabia and beyond.