Alaan Raises $48M to Transform Fintech in MENA

Alaan Raises $48M to Transform Fintech in MENA

Alaan Raises $48M: Transforming Fintech Across MENA Corporate spending in the Middle East and North Africa (MENA) has long suffered from outdated financial tools and limited payment infrastructure. One startup is rewriting that story— Alaan raises $48M in Series A funding to become a major force in regional fintech. Founded by ex-McKinsey consultants Parthi Duraisamy and Karun Kurien, Alaan emerged from a real-world pain point and has grown into a powerful spend management platform tailored to the MENA market. This latest funding round, among the largest of its kind in the region, not only validates Alaan’s solution but positions it for rapid growth and deeper market penetration. Image Credits:Alaan Why Alaan Raises $48M Matters for MENA Fintech The news that Alaan raises $48M is significant for more than just the numbers—it highlights a growing confidence in the region’s fintech potential. At its core, Alaan solves a deeply rooted challenge: fragmented expense management in a market where…