That’s the bar we set when we started Alaan. A vision that demands more than just functionality - it means solving real pain with velocity, care, and an obsession with every customer’s experience.

And that pain was everywhere - broken systems don’t fail overnight, they break slowly. One missing receipt, one manual entry, one follow-up email, and then a hundred more. Employees spending weekends filing expenses, while finance teams are buried in admin. From startups managing burn to large companies struggling with compliance, it’s a problem amplified in our region, where most finance software is built elsewhere, retrofitted for MENA, and lacks the local context companies here desperately need.
That is why Karun and I built Alaan: a platform that gives finance teams full visibility, automated control, and real-time efficiency, with none of the manual grind.

Today, I’m happy to share that we’ve raised a $48M Series A in equity funding.

This round was led by Peak XV Partners (formerly Sequoia Capital India & SEA) and 885 Capital, and was also joined by Pioneer Fund, with continued support from Y Combinator and 468 Capital. The round includes both primary and secondary funding. What makes this even more special is that we are now backed by some of the region's leading operator angels - Hosam Arab (Founder of Tabby), Mudassir Sheikha (Founder of Careem), Jeppe Rindom (Founder of Pleo), Parth Garg (Founder of Aspora), Khalid Al Ameri (Founder of KAM and the Middle East’s most well-known creator), Abdallah Abu-Sheikh (Founder of Astra Tech), Yi Wei Ang (CPO of Talabat), and many others.

This trust in us is a big achievement for the team but more importantly, it’s validation of the problem we’re solving and the opportunity ahead for our region.