Pluto Secures $4.1 Million in Pre-Series A Funding for Regional Expansion and AI Development
Pluto, a UAE-based company offering corporate card solutions and expense management, has successfully raised $4.1 million in its Pre-Series A funding round. The investment round was led by Rhino Ventures, Born Capital, Goanna Capital, along with Evolution VC, Freesearch VC, and Tiferes VC, marking a significant step in Pluto’s growth.
The funds will be directed toward accelerating Pluto’s regional expansion, focusing on Saudi Arabia, Turkey, and the wider GCC region. The company also plans to enhance its AI-powered capabilities, particularly in automating accounts payable management for small and medium-sized enterprises (SMEs).
Founded in 2021 by Mohamed Redwan, Mohamed Aziz, and Naeem Zain, Pluto has developed a unified platform that integrates budget management, AI-driven corporate cards, and the management of petty cash, purchases, and invoices. The platform already serves over 30,000 SMEs through partnerships with global banks.
With an impressive roster of clients, including Property Finder, Knight Frank, Tamara, and Petrochem, Pluto has also introduced the “Pluto Connect” service, enabling banks and financial institutions to integrate corporate card and expense management solutions into their products.
