Pemo Lands $7 Million Investment Round, Led by Augmentum Capital

Augmentum Capital LLP has announced it will lead a $7 million funding round for UAE-based fintech company Pemo, contributing $4 million to the round. Pemo offers an innovative solution for expense management, targeting customers in the burgeoning Middle East market. Augmentum's CEO believes that Pemo is strategically positioned to significantly impact SMEs in the region, benefiting from a proven team with a strong track record in European fintech. With a focus on unlocking the potential of the Middle Eastern markets, Augmentum plans to leverage its expertise and network within the fintech sector to support Pemo’s expansion. The investment underscores Augmentum's commitment to fostering growth in this rapidly developing region, especially in the realm of expense management and corporate payments.