Alaan has emerged as the leading spend management platform in the Middle East, recently securing $48 million in Series A funding led by Peak XV Partners. The platform was created by former McKinsey consultants to address issues faced with expense reporting and the limited acceptance of American Express cards in the region. Despite challenges in regulatory approvals and banking partnerships that delayed its launch, Alaan now caters to modern finance teams and has demonstrated strong product-market fit, distinguishing itself from competitors.
Alaan has emerged as the leading spend management platform in the Middle East, recently securing $48 million in Series A funding to further expand its operations.
The platform was developed in response to the challenges faced by business consultants regarding expense reporting and payment acceptance in the region.
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