When was Qashio founded?

Qashio was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is Qashio located?

Qashio is headquartered in Dubai, United Arab Emirates.

Who is the current CEO of Qashio?

Armin Moradi of Qashio. They have also founded 1 company.

How many employees does Qashio have?

As of Jun 30, 2026, the latest employee count at Qashio is 163.

Is Qashio a funded company?

Qashio is a funded company, having raised a total of $32.3M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Feb 16, 2022.

When was the latest funding round of Qashio?

Qashio's latest funding was a $***** Conventional Debt round on Sep 18, 2025, with participation from 1 investor.

Where does Qashio rank among its competitors?

Qashio ranks 2nd amongst 12 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Qashio, which secured an undisclosed amount in Sep, 2025.

Who are the top competitors of Qashio?

Qashio's top competitors include Concur, Pemo and Zeno. Among them, Qashio secured the most recent funding round in September, 2025.

Qashio - 2026 Company Profile, Team, Funding & Competitors

Qashio is a series A company based in Dubai (United Arab Emirates), founded in 2021 by Armin Moradi and Lydia Foott. 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 12 active competitors, including 2 funded and 1 that has exited. Its top competitors include companies like Concur, Pemo and Zeno.

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 5 rounds

Latest Funding Round

Conventional Debt, Sep 18, 2025, $*****

Investors

500 Global & 17 more

Ranked

2^nd among 12 active competitors

Employee Count

163 as on Jun 30, 2026

Investment & Acquisitions

Sanad Cash & 1 more

Similar Companies

Ramp & 665 more

View Qashio's full profile

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)

Qashio has raised a total funding of $32.3M over 5 rounds. Its first funding round was on Feb 16, 2022. Its latest funding round was a Conventional Debt round on Sep 18, 2025 for $*****. 1 investor participated in its latest round. Qashio has 18 institutional investors.

Here is the list of recent funding rounds of Qashio:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 18, 2025	1485324	Conventional Debt	2088793	7566078	6469524	7313861
May 28, 2025	2538743	Conventional Debt	6322333	8394043	6203429	Rocketship & 3 more
May 28, 2025	2909907	Series A	7194167	8232758	Rocketship	MoreThan Capital Advisors & 2 more

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View details of Qashio's funding rounds and investors

The founders of Qashio are Armin Moradi and Lydia Foott. Armin Moradi is the CEO of Qashio.

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

Armin Moradi: Co-Founder & CEO of Qashio.
Contact Info: 1 email address
Lydia Foott: Co-Founder & COO of Qashio.

View details of Qashio's Founder profiles and Board Members

Qashio's employee count trend

Qashio has 163 employees as of Jun 26. Here is Qashio's employee count trend over the years:

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

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Concur 1988, Bellevue (United States), Acquired	Provider of travel, expense, and invoice management solutions for businesses	-	RRE Ventures, American Express & 8 others	75/100
2nd	Qashio 2021, Dubai (United Arab Emirates), Series A	Expense management and card solutions for small businesses	$32.3M	Rocketship, 500 Global & 16 others	50/100
3rd	Pemo 2022, Dubai (United Arab Emirates), Seed	Provider of corporate cards and expense management software for businesses	$19M	Shorooq Partners, Augmentum Fintech & 10 others	46/100
4th	Zeno 2007, Auckland (New Zealand), Unfunded	AI-based corporate travel & expense management solutions	-	-	27/100
5th	Tmam 2021, Dubai (United Arab Emirates), Funding Raised	Expense and spend management solutions for businesses	-	Jimco	25/100
6th	Spiker 2016, Vancouver (Canada), Unfunded	Cloud-based expense management solutions	-	-	24/100
7th	XpanS 2013, Paris (France), Unfunded	Business expenses management solution	-	-	24/100
8th	Simba Card 2020, Dubai (United Arab Emirates), Unfunded	Provider of digital payment solutions for individuals	-	-	23/100
9th	Redha Al 1945, Dubai (United Arab Emirates), Unfunded	Global money transfer and exchange services	-	-	23/100
10th	Systems@work 1992, Prague (Czech Republic), Unfunded	Web-based billing and expense management software	-	-	23/100