Alaan (YC W23) — Ai-native finance platform for the middle east
Alaan is an AI-native finance platform for businesses in the Middle East. One platform for corporate cards, expense management, cross-border payments, accounting automation, treasury, business banking, and more, with AI doing the work finance teams used to do by hand: coding transactions, chasing approvals and receipts, flagging policy breaches, placing treasury deposits and closing the books.
Alaan is a Y Combinator company in the Winter 2023 batch. Its directory entry describes it as: Ai-native finance platform for the Middle East. The founders listed are Parthi Duraisamy (Founder), Karun Kurien (Founder) (Y Combinator directory entry, December 16, 2022).
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Alaan is an AI-native finance platform for businesses in the Middle East. One platform for corporate cards, expense management, cross-border payments, accounting automation, treasury, business banking, and more, with AI doing the work finance teams used to do by hand: coding transactions, chasing approvals and receipts, flagging policy breaches, placing treasury deposits and closing the books.
Our mission is to simplify finance for businesses so they can save time and money. Since 2022, they have saved more than 2.2 million hours of manual finance work.
Alaan raised one of the largest Series A rounds in Middle East history, backed by Peak XV (formerly Sequoia India), Y Combinator, 468 Capital, and 885 Capital, among others. Headquartered in Dubai, Alaan has more than 250 employees across its Dubai, Riyadh, and Bangalore offices, with a team that comes from Careem, McKinsey, BCG, Goldman Sachs, Amazon, Revolut, Rippling, and the world’s leading firms.
Alaan has been named to the UAE Future 100 list, selected as an Endeavor company, and ranked the No. 1 spend management platform in EMEA by G2.
Parthi Duraisamy
Founder
Karun Kurien
Founder
Founders, titles and bios as the company published them. Photographs are our own copies of the ones on that record, so they do not break when the original link expires.
One of 122 companies held here in Fintech › Payments.
No investor is drawn from a Form D — the form states how many invested and never who. The one investor on this graph is named because a batch has exactly one.
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The Short Answer
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