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Overview
AlaanPay helps businesses manage expenses with unlimited physical and virtual multi-currency corporate cards and per-card spending controls. It automates expense reporting by letting team members submit receipts online and auto-verify them for finance review. Real-time transaction alerts and built-in spend analytics provide visibility and identify savings opportunities, with cashback benefits reported by customers. Its goal is to help businesses optimize spending, reduce manual work in expense management, and improve financial visibility.
About Alaan
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Series A
Total Funding
$55.1M
Headquarters
Dubai, United Arab Emirates
Founded
2021
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Simplify's Take
What believers are saying
- Alaan became profitable in March 2025, then raised $48 million for expansion.
- June 2026 ruya launch deepens UAE distribution and reaches 40-plus countries.
- July 2026 e-invoicing deadlines increase demand for Alaan's compliance automation across UAE finance teams.
What critics are saying
- Alaan exited Saudi card services January 31, 2026 after SAMA compliance friction.
- ruya controls the regulated banking layer, so partner dependency can freeze product roadmaps.
- If UAE banking approvals stall, Alaan loses its all-in-one thesis and competitive edge.
What makes Alaan unique
- ruya partnership made Alaan first UAE fintech combining cards, payments, accounting, and banking.
- SuperPay launched February 2026 for 40-plus countries with zero transfer fees.
- Alaan Intelligence automates invoice extraction, duplicate detection, approvals, and accounting inside one workflow.
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Funding
Total Funding
$55.1M
Above
Industry Average
Funded Over
4 Rounds
Y CombinatorIndustry standards
Benefits
Flexible Work Hours
Competitive Salary
Company Equity
Phone/Internet Stipend
Gym Membership
Growth & Insights and Company News
6 month growth
↑ 28%1 year growth
↑ 28%2 year growth
↑ 3%Alaan, the UAE's leading spend management platform, has launched the region's first AI-native business bank account, powered by ruya's Banking-as-a-Service infrastructure. The platform combines corporate cards, domestic and cross-border payments, invoice automation and accounting into a single system. The account features automated invoice processing, payments to 40-plus countries with no transfer fees, and integration with major accounting platforms including Xero and QuickBooks. It offers unlimited users and cashback on all corporate card spending whilst remaining Shariah-compliant. Founded in 2022, Alaan recently closed a $48 million Series A led by Peak XV Partners and serves over 3,000 finance teams. The launch comes as the UAE added 250,000 new companies in 2025, bringing total businesses in the Middle East to over 1.4 million.
Alaan has expanded its presence in Saudi Arabia and announced the closing of its Series A funding round, led by Sequoia, during the Money20/20 Middle East conference.
Alaan, the Middle East’s leading spend management platform for businesses, has raised $48 million - one of the largest Series A funding rounds in the history of the region.
Alaan, a leading Middle East spend management platform, secured $48 million in Series A funding led by Peak XV Partners. Co-founded by Parthi Duraisamy and Karun Kurien, Alaan overcame regulatory challenges in the UAE and Saudi Arabia. The platform, which integrates AI for finance automation, has processed over 2.5 million transactions and reached profitability with $10 million in revenue. The funding will support growth in Saudi Arabia and enhance hiring and AI-driven services.
Alaan, launched by two McKinsey alumni, is the Middle East’s leading spend management platform after raising $48 million in Series A funding.
Alaan is Hiring for 19 Jobs on Simplify!
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About Alaan
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Series A
Total Funding
$55.1M
Headquarters
Dubai, United Arab Emirates
Founded
2021
Alaan is Hiring for 19 Jobs on Simplify!
Find jobs on Simplify and start your career today