Riyadh, Saudi Arabia – September 18, 2024 – Pluto, the UAE’s leading expense and accounts payable management platform, has announced a strategic partnership with neoleap, a pioneering Saudi fintech company. The collaboration, unveiled at the 24 Fintech Conference in Riyadh, marks Pluto’s formal entry into the Saudi Arabian market, enabling its global customer base to extend operations seamlessly within the Kingdom.
Through this partnership, Pluto will integrate its AI-powered expense management and corporate card platform with neoleap’s cutting-edge financial solutions. This integration promises businesses in Saudi Arabia a more streamlined approach to managing finances. From instant issuance of corporate cards to handling reimbursements, petty cash, procurement, and accounts payable services, Pluto’s platform is designed to empower SMEs by simplifying and automating complex financial processes.
Commenting on the partnership, Mohammed Ridwan, Co-Founder and COO of Pluto, said, “We are thrilled to join forces with neoleap. This collaboration not only strengthens our presence in the Saudi market but also aligns with our mission to build the future of CFO finance tooling. Together with neoleap, we are poised to offer unparalleled financial solutions that will help businesses in Saudi Arabia manage their entire company spending within one collaborative and automated platform.”
Mr. Abdullah Al-Ibrahim, CEO of neoleap, also emphasized the importance of the partnership, stating, “This partnership is another milestone in neoleap’s journey to empower businesses with our fintech solutions. By joining forces with Pluto, we aim to enhance digital payments and provide innovative financial solutions that drive economic growth and efficiency for SMEs and large corporations.”
neoleap is known for its innovative approach to financial technology and its suite of services aimed at transforming the digital payments landscape in Saudi Arabia. By leveraging neoleap’s robust infrastructure, Pluto will be able to deliver enhanced financial management capabilities to a wide range of enterprises, from SMEs to multinational corporations.
This partnership is a pivotal step in Pluto’s expansion strategy following its recent achievements, which include being ranked #1 in EMEA for Procure-to-Pay Solutions and recognized as a Top 10 provider globally in both Enterprise and SMB Expense Management by G2.
With this collaboration, both Pluto and neoleap are set to revolutionize financial management for businesses across Saudi Arabia, providing them with the tools and insights necessary to drive growth and efficiency in a rapidly evolving economic landscape.
