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AI-powered fintech Alaan raises $48M, one of the largest Series A rounds in MENA
When Parthi Duraisamy was a consultant at McKinsey’s Dubai office, he discovered that the American Express cards his company relied on for corporate
When Parthi Duraisamy was a consultant at McKinsey’s Dubai office, he discovered that the American Express cards his company relied on for corporate expenses were rarely accepted in the Middle East. Founders of some of Alaan’s unicorn customers, like Hosam Arab (Tabby), Mudassir Sheikha (Careem), and Khalid Al Ameri, a well-known YouTuber in the region, also invested. “Their customer-centric and product-led mindset has enabled them to build solutions tailored to modern finance teams.” (Peak XV also participated in a large Series B round last month, backing UAE’s proptech Huspy.)
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