Alaan, founded in 2022 in Dubai by McKinsey alumni Parthi Duraisamy and Karun Kurien, is the Middle East's leading spend management platform. It consolidates corporate spending and supplier payments through two core products, SuperCard (corporate cards with customizable controls) and SuperPay (invoice payments with competitive FX), layered with 'Alaan Intelligence' AI that automates receipt review, expense reporting, reconciliation and VAT extraction. The platform has processed over 2.5 million transactions for thousands of finance teams across major regional enterprises including G42, Careem, Tabby and Lulu Group, and claims to have saved finance teams more than 1.5 million hours of manual work. Alaan integrates with major accounting and ERP systems including Xero, QuickBooks, NetSuite, Dynamics 365, Odoo, SAP and Zoho Books, and holds a five-year Visa partnership. The company is profitable and in August 2025 raised a $48M Series A, one of the largest fintech Series A rounds in MENA, led by Peak XV Partners with participation from Y Combinator, 468 Capital, Pioneer Fund and founders of 885 Capital.
Alaan
ActiveAI-powered spend management and corporate cards for MENA finance teams
Total raised
$48M
1 round
Stage
Series A
Aug 2025
Team
201-500
since 2022
Pricing
Enterprise
Founded
2022
Dubai, United Arab Emirates
Agent-ready
API
Score 40/100
AI receipt matching and review
Automated reconciliation and VAT extraction
Corporate cards with spend controls (SuperCard)
Supplier invoice payments (SuperPay)
Real-time expense tracking and visibility
Automated expense report generation
Competitive foreign-exchange rates
Accounting and ERP integrations
40/100
Developing
MCP server
Public API
Webhooks
OAuth 2.0
SDKs
Aug 2025 Series A $48M ● Peak XV Partners
Capital network
$48M raised ·5 backers·10 network links
- Backers5
- Shared portfoliocompanies these backers also fund
- Extended networkfunds that co-invest alongside them
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- What does Alaan do?
- Alaan is an AI-powered spend management platform offering corporate cards and supplier payments, automating receipts, reconciliation and VAT for MENA finance teams.
- Who founded Alaan?
- Alaan was founded in 2022 in Dubai by McKinsey alumni Parthi Duraisamy and Karun Kurien.
- How much has Alaan raised?
- Alaan raised a $48M Series A led by Peak XV Partners in August 2025, one of the largest MENA fintech Series A rounds.
- What does Alaan integrate with?
- Xero, QuickBooks, NetSuite, Dynamics 365, Odoo, SAP, Zoho Books and Visa.
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