About Qashio
Qashio is a company based in Dubai (United Arab Emirates) founded in 2021 by Armin Moradi and Jonathan Lau. It operates as a FinTech and Subscription Services. Qashio has raised $32.3 million across 5 funding rounds from investors including Al-Enma Bank, Plug and Play Tech Center and One Way Ventures. Qashio has completed 1 acquisition, including Sanad Cash. Qashio offers products and services including Qashio Spend, Qashio Points, Qashio Corporate Credit, and Qashio Insurance. Qashio operates in a competitive market with competitors including Sodexo, Concur, The Mint Corporation, AceBot and Tmam, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Armin Moradi, Jonathan Lau
- SectorsTechnologyTravel & Hospitality Financial Services
- Website category Business and Consumer Services · Business Services
- Website qashio.com
- Social LinkedIn Facebook Instagram
- Legal Name Qashio For Computer Systems Cest Co. Llc
- Total Equity Funding$32.3M (USD)
in 5 rounds
- InvestorsAl-Enma Bank
& 14 more
- Investments & Acquisitions
Products & Services of Qashio
Qashio offers a comprehensive portfolio of products and services, including Qashio Spend, Qashio Points, Qashio Corporate Credit, and Qashio Insurance.
Corporate expense management with smart card creation offered.
Rewards program converting points to miles or cashback.
Quick financing provided through strategic lending partnerships.
Digitized business insurance solutions offered at competitive rates.
Apps and channels of Qashio
Qashio publishes 2 mobile apps with over 1K+ downloads.
Funding Insights of Qashio
Qashio has successfully raised a total of $32.3M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $32.3M
- Total Rounds 5
- First Round $2.5M
(Feb 2022)
- Investors Count 15
All 5 funding rounds of Qashio with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2025 | – | Debt – Conventional | – | – | |
| May 2025 | – | Debt – Conventional | – | – | – |
| May 2025 | $19.8M | Series A | – | Rocketship | |
| Nov 2022 | $10M | Seed | – | One Way Ventures, Cadorna Ventures | – |
| Feb 2022 | $2.5M | Seed | – | novocap.co |
15 investors in total: 15 institutional.
Investors in Qashio
Qashio has secured backing from 15 investors, including venture fund and institutional investors. Prominent investors backing the company include Al-Enma Bank, Plug and Play Tech Center and One Way Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in companies founded by immigrants. | – | onewayvc.com | - | |
- | – | cadorna.ventures | - | |
Private equity and funds of funds focused on early to mature stage companies and multiple funds | – | sanabil.com | Riyadh, Saudi Arabia | |
Venture capital and acceleration are provided to tech startups. | – | 500.co | Ho Chi Minh City, Vietnam | |
Venture capital firm focused on multiple sectors | – | nuwacapital.io | Dubai, United Arab Emirates | |
- | – | iliad-partners.com | - | |
Icelandic company focused on manufacturing office and school furniture. | 1956 | pi.is | Kópavogur, Iceland | |
Fintech startups are funded by Rally Cap Ventures angel network. | – | rallycapventures.com | San Francisco, United States | |
Venture capital investment firm | – | palmdrive.vc | New York, United States | |
Startups are accelerated and invested in across multiple tech sectors. | 2006 | plugandplaytechcenter.com | Sunnyvale, United States |
Investor details for Qashio
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People of Qashio
2 people are tracked at Qashio (2 in leadership).
| Name | Role | Group |
|---|---|---|
Armin Moradi | Co-Founder & CEO | Leadership |
Jonathan Lau | Co-Founder | Leadership |
Complete people profiles for Qashio
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Investments & Acquisitions by Qashio
Qashio has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Sanad Cash.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of employee benefit services | sanadcash.com | United States | 2020 | Oct 2025 | •••• |
Complete acquisition details for Qashio
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Timeline of Qashio
4 dated milestones of Qashio across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Qashio is founded.
- Funding First funding round of $2.5M.
- Funding Latest funding round, Debt – Conventional,.
- Acquisition Acquires Sanad Cash.
Competitors of Qashio
Qashio operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sodexo, Concur, The Mint Corporation, AceBot and Tmam, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sodexo.com | 1966 | – | – | 423,000 | Employee benefits payment cards are provided via an online platform. | |
| concur.com | 1988 | Bellevue, United States | – | – | Corporate travel expenses and invoices are managed via SaaS platform. | |
| themint.ae | 2009 | Dubai, United Arab Emirates | – | – | POS solutions, bill aggregation, and prepaid payroll cards are provided. | |
| acebot.ai | 2015 | San Jose, United States | $650,000 | – | AceBot is a platform offering productivity bots for Slack to boost team efficiency. | |
| tmam.io | 2021 | Dubai, United Arab Emirates | – | – | Expense and spend management solutions are offered to businesses. | |
| redhaalansari.com | 1945 | Dubai, United Arab Emirates | – | – | Delivers global money transfer and exchange services for secure international transactions. |
Detailed competitors of Qashio
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Web traffic of Qashio
The website of Qashio (qashio.com) receives about 45.7K visits a month and ranks #581,518 among all websites worldwide, #4,602 in Business Services.
- Monthly visits45.7K
▲ 55.2% vs previous month
- Unique visitors10K
per month
- Global rank#581,518
among all websites
- Category rank#4,602
Business and Consumer Services · Business Services
- Bounce rate38%
- Pages per visit8.9
- Average visit5 min 39 sec
- DevicesDesktop 62% · Mobile 38%
Latest news on Qashio
Complete news archive for Qashio
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Similar companies to Qashio
10 companies that operate in the same segment as Qashio (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | – | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, United States | USD 235.41 M | USD 4.95 M | 260 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 20,400 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Cloud-based HRMS software is offered for small and medium-sized businesses. | 2016 | Barcelona, Catalonia, Spain | USD 369.25 M | – | – |
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Frequently Asked Questions about Qashio
Qashio was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Qashio is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Armin Moradi is the current CEO of Qashio. They have also founded this company.
Qashio is a funded company, having raised a total of $32.3M across 5 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Feb 2022.
Qashio is established as a financial technology company offering comprehensive spend management solutions. Services are provided across various industries including retail, hospitality, and technology. Corporate cards, expense tracking, and rewards programs are integrated to streamline financial operations. Solutions are tailored for roles such as finance managers and C-suite executives. Operations are supported in multiple countries with a focus on automation and ERP integrations.
Qashio's top competitors include Concur, Sodexo and The Mint Corporation.
Qashio offers Qashio Spend, Qashio Points, Qashio Corporate Credit, and Qashio Insurance.
Qashio has made 1 acquisition, including Sanad Cash.
Qashio has 15 investors. Key investors include Al-Enma Bank, Plug and Play Tech Center, One Way Ventures, Cadorna Ventures, and Sanabil.
Qashio operates through Qashio For Computer Systems Cest Co. Llc.
Yes. Qashio publishes Qashio and 1 more app, with over 1,000 downloads.