The startup develops financial software that provides virtual and physical corporate cards with customizable spending rules, automates expense reporting, and integrates seamlessly with accounting systems. This solution enables companies, startups, SMEs, and governments to gain visibility into their expenses and effectively manage corporate spending.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SSAFounders
Product
Problem
SMEs and mid‑size companies often struggle with manual expense reporting, fragmented payment processes, and limited visibility into spending, leading to inefficient financial governance, delayed reimbursements, and higher risk of fraud.
Solution
Saifai provides a cloud‑based expense management platform that centralizes corporate card transactions, automates supplier payments, and offers real‑time spending analytics. The system lets employees make purchases with Saifai cards while instantly capturing transaction data, which is displayed on a unified dashboard for finance teams. Built‑in AI analyzes spending patterns, enforces custom budget limits, and generates alerts when thresholds are approached. A rewards program returns cash‑back and points on company spend, which administrators can allocate to teams or individuals. The platform also supports local supplier payments and, in the near future, international transfers, streamlining accounts payable and reducing manual processing time.
Target Audience
Saifai targets finance departments of small and medium enterprises in Saudi Arabia that need streamlined expense control, automated payments, and actionable spend insights.
Features
- Integrated corporate cards with real‑time transaction tracking and Apple Pay support
- Customizable budget controls, card limits, and policy enforcement at the employee, department, and enterprise level
- AI‑driven analytics delivering detailed spend insights, category breakdowns, and automated anomaly detection
- Automated local supplier payments and upcoming international remittance capabilities
- Cash‑back and points rewards engine that distributes earnings to employees or teams
- Mobile app for on‑the‑go expense monitoring, receipt capture, and approval workflows
- Secure, cloud‑native architecture licensed by the Saudi Central Bank, serving over 4,000 clients