“We are excited to be a strategic GTM partner to X0PA AI. We believe that this partnership will benefit enterprises in streamline their hiring process using data-driven insights,” said Bahaa Eddine Al Indary.

In the wake of the pandemic, banks throughout the world have been aggressively pursuing digital transformation in order to position and equip themselves to succeed in the post-COVID, digital-first future. As a result, the MENA banking sector is also undergoing deep changes, allowing regional banks to reconsider their old business models and take a major leap into the future.

Qashio has made a strong entry into the MENA market by obtaining USD 2.5 million in pre-seed capital.Qashio’s enterprise-grade expense management platform gives business owners and finance professionals complete insight and control over all spending.

Mohamed Karam, said: “We are proud to announce this success, amid the tough conditions that affected global markets due to the Covid-19 pandemic, which included supply chain shortages and shipping challenges. Thanks to the initiatives adopted by governments in the Middle East during the past period, the business sector was able to overcome many obstacles and transform challenges into opportunities.”

Abdullah Asiri, founder and CEO at Lucidya said “This funding will enable us to expand our offering and bring it to more markets, enabling more businesses to reap the benefits of AI-powered Customer Experience Management.”