Qashio Acquires Sanad Cash to Bolster Saudi Fintech Expansion Efforts

Editorial Team

Last updated 20-10-2025

3 min

Qashio acquires Saudi fintech Sanad Cash to expand its footprint in Saudi Arabia.

The merger blends Qashio's expense solutions with Sanad Cash's local expertise.

Companies will benefit from a locally compliant system for corporate cards and spending.

Qashio aims to offer both local and international capabilities to MENA businesses.

The move signals Qashio's strong commitment to leading in Saudi’s fintech landscape.

Qashio, the UAE-based corporate spend management platform, has snapped up Saudi fintech Sanad Cash in a move aimed at speeding up its expansion into the Kingdom. It’s quite the strategic leap, really — one that shows how committed Qashio is to deepening its roots across the Gulf rather than just dipping its toes in.

The deal brings together Qashio’s automated expense solutions with Sanad Cash’s on-the-ground experience in navigating Saudi regulatory and business frameworks. The upshot? Companies operating in the Kingdom will get a locally compliant system that lets them handle corporate cards and spending with minimal faff. And for firms thinking beyond Saudi borders, access to Qashio’s existing presence in the UK, EU and UAE should make regional and global scaling a whole lot smoother.

What stands out here is how the company’s trying to play both sides of the coin: on one hand, strengthening its homegrown Saudi offer, and on the other, dangling international perks for cross-border operations. I reckon that’s shrewd thinking — localisation mixed with global connectivity is exactly what many MENA businesses have been chasing lately.

According to Qashio, the integration will also enable new perks for companies looking to ditch cash-heavy processes in favour of digital payments. Existing customers in Saudi Arabia will soon be able to get corporate cards issued directly from within the Kingdom, a small but important marker of how fintech regulation has matured there.

That said, I can’t help but think it’s also a bit of a signal to competitors that Qashio means business in Saudi. After all, every startup trying to win the market knows it’s not just about beating others to the finish line — it’s about proving you understand the local terrain.

At Arageek, we often meet founders who talk about how expanding in the region can feel like walking a tightrope between bureaucracy and opportunity. This news fits that picture neatly. Believe it or not, being “local enough” sometimes matters as much as being innovative.

In short, the Qashio–Sanad Cash merger feels like a marriage of efficiency and locality — an effort to tailor global tech to regional business realities. The path ahead will definately be one to watch, especially as fintech competition in Saudi Arabia continues to heat up.

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