In every business today, there is a wide range of possible transactions, from paying for small taxi rides to millions of dirhams for vendor deals. Managing efficient employee spends and expense reports in a company is indeed a challenge any accountant, finance director, and general manager can relate to!
It is here Pemo stands tall as the leader in tackling these issues since day one by eliminating administrative tasks and enabling a healthy spending culture. With the launch of Pemo cards and software, businesses now have a frictionless, end-to-end solution that automatically categorizes employee expenses, captures receipts for every transaction, and offers management teams a complete visibility on corporate spending.
This makes the expense management process much more frictionless, as it allows quicker actions to be taken without seeking pre-approvals, while also eliminating the need for reimbursement, as team members aren’t required to put up their own personal cash. Valerie Konde (Co-Founder & CRO), Pemo, asserts, “All in all, Pemo cards make the entire spend management process more streamlined and efficient, which will naturally have a positive effect on the company’s bottom line”.
A Bigger Vision!
Pemo’s vision goes deeper than simply providing a corporate card through which some of those transactions flow. Ayham Gorani (Co-Founder & CEO), Pemo, adds, “Our vision is to emerge as the centre of gravity in a company’s transaction layer, and leverage that position to identify every meaningful insight, optimization or cost saving for each customer. We aim to become the one and only finance tool needed by C-levels and finance teams in the SME sector to keep control over their company spending”. To reach there, the company aims on enhancing the Pemo user experience by fine-tuning its existing product features like increasing the number of integrations they offer, so that they can serve customers better, regardless of which accounting software they work with.
An All-in-One Platform
Alessandro Duri (Co-Founder & COO), Pemo, articulates, “Today, Pemo is on a mission to empower small and medium-sized enterprises (SMEs) across the Middle East, North Africa and Pakistan (MENAP) region by offering an all-in-one spend management platform that packs every company’s invoice, expense, approval, and spending decision into one powerful platform”. Pemo offers both virtual and physical cards, powered by Visa, wherein the users can activate and access their cards immediately, within seconds. Additionally, the cards can be integrated with Apple Pay (coming soon), Google Pay and Samsung Pay, which make them far more practical to use.
With the help and support of a top-notch group of investors, Pemo has evolved from a PowerPoint deck to a fully functioning product today. Its immediate plans for 2023 include expanding the Pemo product stack to become the go-to spend management tool for CFOs and finance teams across the MENA region. Saed Ghorani (Co-Founder & CTO), Pemo, concludes, “We are aiming to scale our user base to 2000+ companies by running their expenses on Pemo cards and also plunge into new markets such as Saudi Arabia, Egypt, and the rest of the GCC”.
"Our vision is to emerge as the centre of gravity in a company’s transaction layer, and leverage that position to identify every meaningful insight, optimization or cost saving for each customer