Alaan

Alaan is a cutting-edge, AI-driven finance platform tailored for businesses operating in the Middle East. The platform empowers companies to efficiently issue corporate cards to employees, maintain strict control over expenditures, and streamline financial workflows through automation. Alaan's core mission is to simplify financial management for businesses in the Middle East, fostering their growth and prosperity. Since its launch in August 2022, Alaan has experienced rapid expansion, currently serving over 2000 startups, mid-market companies, and large enterprises across diverse sectors, processing tens of millions of dollars in payment volume. Demonstrating strong market validation, Alaan has been default alive since launch, achieving substantial net revenue growth (9x in 2023, 6x in 2024). The company has secured significant funding, including one of the largest Series A rounds in the Middle East, with backing from Peak XV (formerly Sequoia India).