Pemo receives seed funding and launches SMEs spend management platform

The funding round was led by Cherry Ventures and Shorooq Partners, with participation from Collective, Speedinvest, and Antler, among other investors and business angels.

Pemo offers fast, simplified, and transparent invoice payment and expense management solutions and smart corporate cards for small and medium-sized enterprises (SMEs). The seed funding will also allow the company to establish operations in Saudi Arabia by the end of 2022 and expand in Egypt and Pakistan next.