Alaan
Simplifying finance for underserved businesses in the Middle East and helping them prosper.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor investor investor investor investor | €0.0 | round | |
* | $4.5m | Early VC | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 206 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
AlaanPay is a fintech startup that offers a comprehensive solution for businesses to manage their expenses more efficiently. The company operates in the financial technology market, serving businesses of all sizes that are looking to streamline their expense management processes.
AlaanPay's primary offering is a corporate card solution that allows businesses to issue unlimited physical and virtual multi-currency cards to their team members. These cards can be used for a wide range of expenses, including e-commerce purchases, digital ads, SaaS subscriptions, government payments, and fuel. The platform provides businesses with the flexibility to set tailored spending controls for each card, including adjusting spend limits or blocking cards with a simple click. This feature allows businesses to maintain their internal standard operating procedures while optimizing their expenses.
In addition to the corporate card solution, AlaanPay also offers an automated expense reporting feature. Team members can easily submit receipts digitally via mobile or web, which are then auto-verified and made available online for review by the finance team. This feature saves businesses significant time in managing expenses, with AlaanPay claiming to save businesses over 200 hours weekly.
Furthermore, AlaanPay provides real-time visibility and insights into company spending. Businesses receive alerts for every transaction and can access out-of-the-box spend analytics to identify potential cost-saving opportunities. One of the key benefits of using AlaanPay is the cashback feature, with one client reportedly earning over 100,000 AED in direct cashback.
In summary, AlaanPay is a fintech startup that helps businesses transform their spending through a comprehensive expense management solution that includes corporate cards, automated expense reporting, and spend analytics.
Keywords: Fintech, Expense Management, Corporate Cards, Automated Expense Reporting, Spend Analytics, Multi-Currency, Cashback, Real-Time Visibility, Spend Controls, Digital Receipts.