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Pluto expands corporate spend management services to GCC and Egypt

By Delisha Fernandes

August 31, 2023

  • Corporate Bank Accounts
  • Corporate car
  • Financial Products
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Pluto, Corporate car, spend management, financial products, smart cards, traditional banks, corporate bank accounts, FinTech news, FinTech DubaiPluto, a financial corporate spend management solutions provider in the UAE, has announced that it will offer corporate cards to all employees of UAE businesses across GCC and Egypt.

The offering is a part of its expanded service and commitment to enhanced financial transformation. The spend management provider, has also announced deep open banking integrations, allowing businesses to link their corporate bank accounts to Pluto.

“We are striving to pioneer solutions which allow for dynamic financial transformation. We make managing account payables easy by allowing companies to issue smart corporate cards to automate expense accounting while staying in complete control of their spending,” said Mohammed Ridwan, Co-Founder and COO of Pluto.

Pluto’s corporate cards are unlike regular bank cards. The corporate cards are smart cards that allow companies to have deep control over each card-based spending. The client sets the rules, Pluto automatically enforces them at the payment level. In addition, Pluto charges no FX fees, saving companies between 1-3% compared to traditional banks and other card providers.

Pluto has launched multi-subsidiary capabilities such that group holding companies can get a consolidated view over their spending on a single dashboard. The group has established strategic partnerships with a global remittance provider for global payments with competitive FX rates. In addition to these wins, Pluto has launched the unique Procure-to-Pay solution in MENA to automate procurement and payables automation, in addition to launching the first-of-a-kind corporate card that offers fee-free foreign exchange spending.

The spend management provider offers a comprehensive suite of expense management solutions, including digital receipt capture, intelligent expense categorisation, and integrated reporting tools. These solutions not only enhance financial control but also increase efficiency, enabling businesses to focus on their core operations and drive growth.

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