Augmentum announces investment into UAE-based Pemo

Augmentum announces that it is leading a USD7.0 million funding round with a USD4.0 million investment into UAE-based Pemo, an innovative expense management solution serving customers across the Middle East.

Augmentum CEO Tim Levene commented:

“Pemo represents an outstanding opportunity in a rapidly growing market, led by a seasoned team with a proven track record in European fintech. We believe Pemo is well-positioned to play a pivotal role in supporting SMEs across key markets in the Middle East, a region we are closely monitoring for its growth opportunities.

With our extensive expertise and network in the fintech sector, we are excited to work with Pemo as they expand, unlocking the market’s vast potential through transforming expense management and corporate payments, and further accelerating the growth of SMEs in the rapidly developing region.”

Read the RNS here and further insight into why we invested here.