Fintech Alaan closes $2.5m seed round

Alaan, an AE-based spend-management fintech, has raised $2.5 million in initial capital to help it scale in other regions and hire more people.

The start-up provides access to a multi-currency spend management platform that allows SMEs to spend via corporate cards and automated invoice payments in the Middle East.

“We enable businesses to manage expenses smartly, seamlessly and digitize their payment flow,” Parthi Duraisamy, CEO and co-founder of Alaan said.

Alaan, an AE-based spend-management fintech, has raised $2.5 million in initial capital to help it scale in other regions and hire more people.

The start-up provides access to a multi-currency spend management platform that allows SMEs to spend via corporate cards and automated invoice payments in the Middle East.