Founded in 2022, Pemo provides an expense management and business payments solution, via corporate cards, to SME businesses in the UAE, where SMEs spend USD122 billion annually and where currently only 1.7% of payments are on corporate cards. Pemo recently surpassed USD1.4 billion in transactions and works with over 4,000 businesses.

Pemo was co-founded by serial entrepreneurs and Rocket Internet and Google alumni, Ayham Gorani, Valerie Konde, Alessandro Duri, and Saed Ghorani. The team has extensive company-building experience, including spend management company Pleo and ecommerce platform Zalora.

Headquartered in Dubai, Pemo also has offices in Saudi Arabia and Egypt, making it well positioned to expand into key high-growth markets across the Middle East where corporate card-based solutions are underdeveloped compared to Europe and where SMEs are expected to contribute to significant economic growth.

Read about why we invested here.