Where is Qashio located?

Qashio is located in Dubai, United Arab Emirates .

Who is the current CEO of Qashio?

Armin Moradi is the current CEO of Qashio.

Is Qashio a funded company?

Qashio is a funded company, its first funding round was on Feb 16, 2022.

When was the latest funding round of Qashio?

Qashio's latest funding round was on May 28, 2025.

Where does Qashio rank among its competitors?

Qashio ranks 4 amongst 15 active competitors.

Who are the top competitors of Qashio?

Qashio's top competitors are Concur, Sodexo and Cigna.

Qashio - 2025 Company Profile, Team, Funding & Competitors - Tracxn

Qashio is a series A company based in Dubai (United Arab Emirates), founded in 2021 by Jonathan Lau and Armin Moradi. It operates as an Expense management and card solutions for small businesses. Qashio has raised $32.3M in funding from investors like 500 Global, Iliad Partners and Rocketship. The company has 15 active competitors, including 1 funded and 4 that have exited. Its top competitors include companies like Concur, Sodexo and Cigna.

Company Details

Expense management and card solutions for small businesses. It features solutions for employee expense management, the ability to issue cards, approves transactions, employee expenses and reimbursements, and more. It allows users to protect themselves from unwanted recurring charges. Application is made available on Android and iOS platforms.

Key Metrics

Founded Year

2021

Location

Dubai, United Arab Emirates

Stage

Series A

Total Funding

$32.3M in 4 rounds

Latest Funding Round

Conventional Debt, May 28, 2025, Undisclosed

Investors

500 Global & 16 more

Ranked

4^th among 15 active competitors

Similar Companies

Navan & 755 more

Qashio is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
VISA EUROPE LIMITED CIN: 5139966 Germany, Active	May 26, 2004	-	2325 (as on Sep 30, 2024)	-

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Qashio has raised a total funding of $32.3M over 4 rounds. Its first funding round was on Feb 16, 2022. Its latest funding round was a Conventional Debt round on May 28, 2025 for an undisclosed amount. 4 investors participated in its latest round, which includes 500 Global, Plug and Play Tech Center, Palm Drive Capital and Sanabil.

Qashio has 17 institutional investors including 500 Global, Iliad Partners and Rocketship.

Here is the list of recent funding rounds of Qashio:

Date of funding	Funding Amount	Round Name	Post money valuation	Revenue multiple	Investors
May 28, 2025	Undisclosed	Conventional Debt	3003473	5008445	Rocketship, MoreThan Capital Advisors, and 2 more
May 28, 2025	$19.8M	Series A	6949820	6385675	Rocketship, MoreThan Capital Advisors, and 2 more
Nov 22, 2022	$10M	Seed	9850240	6940977	One Way Ventures, Cadorna Ventures, and 6 more

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View details of Qashio's funding rounds and investors

The founders of Qashio are Jonathan Lau and Armin Moradi. Armin Moradi is the CEO of Qashio.

Here are the details of Qashio's key team members:

Jonathan Lau: Co-Founder of Qashio and founder of 1 other company.
Contact Info: 1 email address
Armin Moradi: Co-Founder & CEO of Qashio.
Contact Info: 1 email address

View details of Qashio's Founder profiles and Board Members

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Top competitors of Qashio include Concur, Sodexo and Cigna. Here is the list of Top 10 competitors of Qashio, ranked by Tracxn score:

Overall Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Concur 1988, Bellevue (United States), Acquired	SaaS-driven corporate travel expense & invoice management solution	-	Credit Suisse, IVP & 7 others	74/100
2nd	Sodexo 1966, Issy les Moulineaux (France), Public	Online platform providing payment cards for employee benefits	-	European Union	71/100
3rd	Cigna 1792, Philadelphia (United States), Public	Provider of health insurance, dental plans and medicare coverage	-	Tekla Capital Management, JANA Partners & 2 others	65/100
4th	Qashio 2021, Dubai (United Arab Emirates), Series A	Expense management and card solutions for small businesses	$32.3M	500 Global, Plug and Play Tech Center & 15 others	42/100
5th	GCC Exchange 2003, Dubai (United Arab Emirates), Unfunded	Remittance, money transfer, currency exchange and corporate payout services	-	-	32/100
6th	AceBot 2015, San Jose (United States), Deadpooled	Platform offering productivity bot on slack	$650K	Accel, Microsoft Accelerator & 3 others	19/100
7th	The Mint Corporation 2009, Dubai (United Arab Emirates), Public	Gateway, POS and prepaid payroll card services	-	-	19/100
8th	XpanS 2013, Paris (France), Unfunded	Business expenses management solution	-	-	19/100
9th	Zeno 2007, Auckland (New Zealand), Unfunded	AI-based corporate travel & expense management solutions	-	-	19/100
10th	Spiker 2016, Vancouver (Canada), Unfunded	Cloud-based expense management solutions	-	-	18/100