Alaan and neoleap forge strategic partnership to revolutionize Corporate Expense Management in Saudi Arabia, aligned with Vision 2030

Alaan, MENA’s leading corporate card and expense management solution, and neoleap,  a leading financial technology company pioneering the simplification of financial transactions have announced a landmark partnership to transform the way businesses in KSA manage their expenses.

Alaan and neoleap will launch corporate cards integrated with an AI-powered expense management platform designed for businesses to streamline their spends.

The deal marks an important milestone in the path towards achieving Vision 2030 of the Kingdom and the ambitious target of achieving a cashless society by the end of the decade. By leveraging cutting-edge technology, the partnership aims to enhance efficiency, security, and flexibility in managing corporate expenses.

Parthi Duraisamy, CEO at Alaan, expressed excitement and enthusiasm about the partnership, stating, "Our mission has always been to simplify finances for businesses in the Middle East. Alaan’s partnership with neoleap to offer our innovative platform in the Kingdom marks a pivotal moment for us in this journey. Our shared passion for innovation with neoleap will drive unparalleled efficiency and growth for our customers."

"Partnering with Alaan is a key step forward for neoleap as we advance our mission of empowering businesses with cutting-edge fintech solutions,” stated Mr. Abdullah Albrahim, CEO of neoleap .”We look forward to this partnership’s impact on enhancing digital payments and introducing innovative financial services that will drive economic growth and operational efficiency for our clients."

Currently used by 1000+ organizations, Alaan's platform, known for its enterprise-grade spend management features, is set to further bolster its expansion plans with this partnership. This will facilitate advancements in real-time tracking, automated reconciliations, and streamlined expense management for businesses.

As Alaan and neoleap embark on this exciting journey, businesses in the Kingdom can look forward to a future where managing corporate spending is not just easier, but also a strategic advantage.

About Alaan

Alaan is the largest and most comprehensive spend management platform in the Middle East. Alaan cards are utilized by over 1000 mid-market and enterprise customers who collectively employ more than 200,000 people, across various sectors such as Real Estate, Aviation, Logistics, and Retail. With its proprietary AI-powered corporate cards, Alaan has saved millions for businesses and has supercharged finance teams that are looking for a technological edge in saving time and money for their organizations. 

Alaan launched in 2022 in the UAE and is backed by Y Combinator and has been ranked as the No.1 expense management platform by G2 across the Middle East and Africa. For more, please visit - Press Kit

About neoleap

neoleap provides tailored financial solutions for small and medium-sized enterprises (SMEs) and financial institutions based on their specific business needs. 

For SMEs, neoleap offers a seamless platform for comprehensive financial management through its website and application. Users can easily create and manage their digital wallet for transactions, and conveniently order neoleap products such as POS solutions, cashier services, payment gateways, and corporate cards—all from their mobile device, anytime and anywhere.

For financial institutions, neoleap offers card issuance and processing services, payment gateway integrations and transactions management, and POS solutions for banks and payment processing.

neoleap your financial technology arm!

www.neoleap.com.sa