Congratulations to FTC portfolio company Pemo on the announcement of their $7m pre-Series A funding round, co-led by Shorooq Partners and Augmentum Fintech. The round follows its $12m Seed round in April 2022, which was backed by Cherry Ventures, Shorooq, FinTech Collective, and others. The funding comes at a strategic time as UAE businesses adapt to the recent introduction of corporate income tax, with Pemo’s automated tools helping companies maintain compliance and streamline operations.
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Dubai fintech company Pemo raises $7m pre-Series A for its spend management platform
“The UAE’s thriving ‘pro-business’ ecosystem has been the perfect foundation for Pemo’s growth, and we’re excited to strengthen our presence further, enhance our product offering, and expand into new markets,” he added.
