AlaanPay Technology FZCO
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AlaanPay Technology FZCO - overview
Established
2021
Location
Dubai, -, United Arab Emirates
Primary Industry
Financial Services
About
Based in Dubai, United Arab Emirates, and founded in 2021, AlaanPay Technology FZCO is a payment platform developer aimed at underserved small businesses. In August 2025, AlaanPay Technology FZCO raised USD 48 million in series A funding led by new investor Peak XV Partners, with participation from other new investors 885 Capital, Ribbit Capital. Returning investors Y Combinator, 468 Capital and other unspecified investors also participated in the round. The company provides a multi-currency spend management platform enabling SMEs to digitize their business expenses to make company purchases and automate the invoicing process.
The firm also issues virtual cards in multiple currencies including AED, SAR, and USD for e-commerce transactions, SaaS subscriptions, vendor payments, or in-store purchases. Alaan's platform eliminates expense reports and automates bookkeeping tasks via seamless integration with various accounting solution providers. The company's features include corporate cards, invoice payments, expense management, accounting integration, and analytics. The company will use the August 2025 funding for further research and development.
Current Investors
Global Founders Capital, Presight Capital, 468 Capital
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.alaanpay.com
Verticals
Artificial Intelligence, Cloud Computing, FinTech, FinTech, FinTech
Company Stage
Series A
Total Amount Raised
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