.jpg){kind=avatar}
Pemo offers fast, transparent, and simplified invoice payment and expense management solutions, as well as smart corporate cards, for small and medium-sized enterprises (SMEs) in the region. The seed round of financing was co-led by Cherry Ventures and Shorooq Partners, with participation from FinTech Collective, Speedinvest, BY Venture Partners and Antler. In addition, the round included private investment from prominent business angels, including unicorn founders of companies such as Nium, Payhawk, Qonto, Billie, Moss, and other successful members of the regional and global tech community, including Mahmoud Fouz from Qlub, Abdulla Elyas from Careem, and Tomaso Rodriguez from Talabat.
Faisal Kawar, Principal at FinTech Collective, said: “Pemo’s software has the potential to transform the pain points for over 23 million SMEs in the region, who are currently experiencing a $123 billion financing gap. We were impressed by what the Pemo team has accomplished in such a short period of time, against this backdrop, bringing together a veteran all-star team with a unique combination of experiences and skill sets."
