Dubai Fintech Alaan Raises $48M Series A Led by Peak XV

Dubai-based fintech Alaan raised $48M in Series A funding, one of MENA’s largest, led by Peak XV Partners. Founded by ex-McKinsey consultants, it offers AI-driven corporate spend management, serving 500+ clients like Siemens. The capital will fuel regional expansion and AI enhancements, highlighting MENA’s fintech boom.