Qashio Acquires Sanad Cash as Tamara Secures UAE Licence

UAE-based expense management fintech Qashio has acquired Sanad Cash, while Saudi Arabia's buy now, pay later company Tamara has secured a licence to operate in the UAE. The dual developments highlight the accelerating pace of fintech consolidation and expansion in the Gulf region.

Qashio's acquisition of Sanad Cash strengthens its position in the corporate expense management market across the Gulf, adding new capabilities and customers to its platform. The deal reflects the growing maturity of the region's fintech ecosystem, where companies are moving from pure growth to strategic consolidation.

Tamara's UAE licence opens up the Emirates' large consumer market for the Saudi BNPL provider, which has already established a strong position in its home market. The expansion underscores the growing cross-border ambitions of Gulf fintechs as they seek to build regional champions.