Armin Moradi

He is betting Gulf companies will drop petty cash and shared cards for programmatically issued corporate cards, layered with a B2B loyalty programme that rewards business spending.

Fintech / Qashio

Versions on record

2026

On record since

Bitcoin

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Cited sources

Dubai of Tomorrow

Fintech

Armin Moradi

Qashio

He is betting Gulf companies will drop petty cash and shared cards for programmatically issued corporate cards, layered with a B2B loyalty programme that rewards business spending.

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Dubai of TomorrowNo. 025

Qashio

Founded2021 · Dubai

Raised$29.8M

BackersRocketship VC, MITAA, One Way Ventures, MoreThan Capital

Compounding moves

2021 · Founded in Dubai by Armin Moradi and Jonathan Lau
2022 · Raised $10M seed round to fund expansion toward Saudi Arabia
2025 · Closed $19.8M equity and non-equity round led by Rocketship VC ahead of Saudi market entry
2026 · Partnered with Dubai Chambers on an AED 10M SME support programme

Series 2026 · No. 025Fact-checked July 10, 2026 · anchored

Record v3 · 2 sources on record · Last recorded July 17, 2026 · Report an error →

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Company

Qashio

Founded

2021 · Dubai

Raised

$29.8M total, equity and debt ($10M seed 2022, $19.8M equity and debt round 2025)

Backers

Rocketship VC, MITAA, One Way Ventures, MoreThan Capital

Sources

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Provenance

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94960b0b6d09d22014a4087dc95c55746d1c3b0d245ffb17ee2285360dc440ca

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v1 · Minted 2026 · 07 · 10

Entered the record from public filings and credible reporting. sha256 1b31…896d

Anchored to Bitcoin 2026 · 07 · 17

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Last revised July 17, 2026 · Raised · Full history →

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