Pluto, a UAE-based corporate card and expense management platform, has secured $4.1m in a pre-Series A funding round.
The announcement follows the company’s milestone of surpassing AED 1bn in spend under its management, according to a report from Zawya.
The funding round saw participation from both existing and new investors, including Rhino Ventures, Born Capital, Goanna Capital, Evolution VC, Freesearch VC, and Tiferes VC.
Pluto offers an all-in-one financial management solution, integrating dynamic budget tracking, AI-powered corporate cards, petty cash management, procurement, invoice processing, and vendor management into a single platform. The company’s services cater to SMEs and enterprises across the UAE, serving major clients such as Property Finder, Knight Frank, and Petrochem.
The fresh capital will be used to accelerate Pluto’s expansion into Saudi Arabia and other key markets, including Turkey, Bahrain, Kuwait, and Qatar. Additionally, the company aims to enhance its AI-driven capabilities to develop a fully automated accounts payable management platform for SMEs.
Mohammed Aziz, CEO of Pluto, said, “In 2025, SMEs expect way more from their banks than just using them as depository accounts. Value added services are a key strategy for most banks in the region. Partnering with banks and financial institutions allows Pluto to bring our world class solutions to more customers globally and allows such institutions to provide a world class experience back to their customers.”
Keep up with all the latest FinTech news here
Copyright © 2025 FinTech Global
