Alaan's SuperPayTM Revolutionizes UAE Business Payments with $48M Boost
Alaan's SuperPayTM Revolutionizes UAE Business Payments with $48M Boost
Alaan's SuperPayTM Revolutionizes UAE Business Payments with $48M Boost
Alaan, a Middle Eastern corporate card and spend-management provider, has secured $48 million in a record-breaking Series A funding round. Backed by Peak XV Partners and Y Combinator, the company is now launching SuperPayTM—a new tool designed to streamline international payments for UAE businesses. The product arrives as demand grows for modern solutions in a market still reliant on outdated systems.
SuperPayTM combines card payments, invoice automation, approval workflows, accounting, and cross-border transfers into one platform. Businesses using the tool gain real-time visibility over transactions, clear pricing, and zero transfer fees during its beta phase. Ala'an also promises industry-leading foreign exchange rates, aiming to simplify financial operations for companies paying suppliers abroad.
The UAE's cross-border B2B payments market exceeds $500 billion annually, yet only 5% of this volume currently moves through modern corporate card networks. Most firms still depend on legacy banking systems, which often involve high fees and slow processing. Ala'an's new product targets this gap, offering a more efficient alternative for finance teams.
Alaan already serves over 3,000 organisations, including major names like G42, Careem, McDonald's, and Al Barari. The company is now onboarding a select group of UAE businesses for early access to SuperPayTM, providing preferential pricing and fee waivers. This follows a broader trend, with millions of companies globally adopting similar digital tools—such as Bill.com, Wise, and Airwallex—for automated invoicing and international payments.
SuperPayTM enters a market where demand for faster, cheaper cross-border transactions is rising. The product's beta launch includes zero transfer fees and competitive rates, positioning Ala'an to capture a share of the UAE's $500 billion B2B payments sector. With fresh funding and established corporate clients, the company is set to expand its reach in the region.