The Record · No. 025
Armin Moradi
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Qashio · Fintech
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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Are you Armin Moradi? Confirm the recordDubai of Tomorrow
Armin
Moradi
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.
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Dubai of TomorrowNo. 025
Qashio
Founded2021 · Dubai
Raised$19.8M equity and debt, 2025
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
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
Backed byRocketship VC, MITAA, One Way Ventures, MoreThan Capital
Record integrity
Verified July 10, 2026. Every version of this record is hashed and timestamped to Bitcoin. Inspect the proof chain.
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