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.