Alaan, a Dubai, UAE-based B2B financial technology company, has raised $48 million in a Series A funding round.
Investors
The round was led by Peak XV Partners, with participation from 885 Capital, Y Combinator, 468 Capital, Pioneer Fund, and several high-profile angel investors.
Peak XV Partners (formerly Sequoia Capital India & SEA) is a venture capital firm investing across India, Southeast Asia, and beyond. The firm manages over $9 billion in capital across 13 funds and has invested in more than 400 companies.
Alaan Use of Funds
The company will use the funding to expand its operations across the MENA region and to develop its product features further, including AI-powered financial automation and localized integrations.
About Alaan
Founded in 2022 by Parthi Duraisamy and Karun Kurien, Alaan is an AI-powered spend management platform that helps businesses automate spend management through card issuing, real-time expense tracking, and AI-driven insights. Designed specifically for finance teams in the MENA region, the platform offers features such as AI-powered receipt capture, customizable spending controls, and seamless ERP integrations. Headquartered in Dubai, United Arab Emirates, Alaan integrates with local banks to simplify expense control and reporting.
Funding Details
Company: Alaan
Raised: $48.0M
Round: Series A
Funding Date: August 2025
Lead Investor: Peak XV Partners
Additional Investors: 885 Capital, Y Combinator, 468 Capital, Pioneer Fund
Company Website: https://www.alaan.com/
Software Category: B2B Fintech / Spend Management / AI-Powered Finance Automation
Source: https://www.wamda.com/2025/08/alaan-raises-48-million-series-transform-spend-management-mena