(Left) Karun Kurien, Co-founder and CPO of Alaan (Proper) Parthi Duraisamy, Co-founder and CEO of Alaan
Based in 2022, Alaan supplies companies around the MENA area with company playing cards and an built-in platform that automates expense control, reconciliation, and cost workflows. The corporate’s newest investment will allow deeper enlargement around the GCC, specifically within the Kingdom of Saudi Arabia, and boost up construction of its AI-powered finance operations suite.
The Collection A spherical was once led by means of Top XV Companions (previously Sequoia Capital India & SEA), with participation from global and regional buyers. The capital contains a mixture of number one and secondary funding.
Since its inception, Alaan has processed over 2.5 million transactions and is utilized by greater than 1,500 finance groups within the area. The corporate stories important expansion in its just lately introduced Saudi Arabia operations, with transaction volumes doubling month over month for the previous six months.
The brand new capital will improve additional product innovation fascinated about AI brokers for finance groups. Those brokers are designed to cut back time spent on guide duties reminiscent of receipt matching, reconciliation, and VAT information extraction. The corporate objectives to amplify its providing right into a full-stack finance operations platform, serving to companies acquire better keep watch over and visibility over their spending.
Alaan additionally plans to fortify its UAE base whilst scaling groups throughout gross sales, buyer luck, and compliance to improve regional purchasers.
About Alaan
Alaan is a company spend control platform headquartered in Dubai, UAE. Based in 2022 by means of Parthi Duraisamy and Karun Kurien, Alaan permits companies to factor company playing cards, organize bills, and automate monetary workflows. The platform is utilized by a variety of firms in sectors together with retail, logistics, and services and products.
Supply: Arc Digitech Non-public Restricted
