Rewaa raises $45 million in Series B to expand AI-powered B2B…

Team S · 2026-01-06T10:05:11.000Z

Dubai-based fintech Rewaa has secured $45 million in a Series B funding round to scale its AI-driven B2B payments and expense management platform across the Middle East and North Africa (MENA) region, aiming to digitise and simplify business spend while improving operational and financial efficiency for enterprises and SMEs. The round was led by Global Ventures, with participation from STV, Beco Capital, ACE & Company, Endeavor Catalyst, 500 Global, and Plug and Play Ventures. The funding will be used to expand product offerings, grow the team and accelerate market penetration in key regional hubs. Founded in 2020 by co-founders Mohammad Al-Ameen, Paul Ridley and Tariq Al-Juburi, Rewaa offers a unified platform that integrates corporate cards, virtual cards, AI-enabled spend analytics, automated reconciliation and treasury-grade controls. The Series B financing comes amid rising demand in MENA for digital financial infrastructure that supports both domestic and cross-border business transactions. Rewaa’s cloud-native platform competes with regional and global challengers by focusing on localised regulatory compliance, multi-currency support and advanced risk controls, tailored to the needs of enterprises operating within emerging markets. According to Rewaa’s leadership, the new capital will also fuel the development of AI-enhanced financial forecasting tools, fraud detection capabilities and deeper integrations with banking partners and ERP systems - extending value for customers ranging from fast-growing startups to large corporations. The company plans to build out its engineering, product, and customer success teams as it expands operations into Saudi Arabia, Egypt, and other strategic MENA markets. Co-founder and CEO Mohammad Al-Ameen emphasised Rewaa’s mission to bring modern, scalable financial tools to businesses across the region, signalling that the Series B will significantly accelerate platform adoption among enterprise clients and partners. Rewaa’s services aim to help organisations better manage spend, improve visibility into corporate financial data and overhaul outdated legacy processes with intelligent automation. #FinTech #B2BPayments #SeriesB #Rewaa #AI #CorporateCards #ExpenseManagement #MENA #StartupFunding #DigitalFinance #Automation #MachineLearning #FinancialForecasting #RegTech #PaymentsInnovation

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Rewaa raises $45 million in Series B to expand AI-powered B2B… | Newnex