Cherry Ventures’ Post

Pemo secures $7M in pre-Series A funding to revolutionize spend management in the Middle East. The additional funding comes as the Dubai-based spend management platform celebrates reaching AED $1.4bn in transactions. More than 4,000 companies currently use Pemo’s award-winning software to manage their expenses using the company’s corporate cards – allowing employees to set limits, match receipts, and track company spending through real-time analytics and AI-driven automated accounting. The team will use the new capital to expand throughout the GCC region, including Saudi Arabia, to empower more businesses to make faster, better-informed decisions to fuel their growth. Alvaro Perezcano with our Emerging Markets investment team, says, "Corporate card and expense management software is a familiar business model worldwide. What’s truly innovative is how Ayham, Alessandro, Valerie, and Saed have adapted this model to the unique nuances of the UAE and Saudi markets. They’ve not only ensured the highest level of compliance but have also positioned Pemo as the leading regional player. We’re excited to continue supporting the team on this remarkable journey." Links for more information on the funding round co-led by Shorooq and Augmentum Fintech in the comments section 🔽 #fintech #smes #uae #venturecapital

🏆We are excited to announce that ONEtoONE Corporate Finance has successfully advised Osmi BiT d.o.o., a Croatian software company, on its sale to Norwegian investment firm Hawk Infinity AS! 💻Headquartered in Zagreb, Croatia, with roots back to 1988, Osmi BiT d.o.o. develops, implement and maintains software solutions especially for retail, wholesale, and marinas. Their product suite consists of an ERP software, document and business process management, human resources, time management, point of sale and business intelligence. 🌍Hawk Infinity AS is a Norwegian investment company with a long-term ownership horizon with focus on quality technology companies. Hawk Infinity’s ambition is to be the preferred “company home” for founder-owned companies who wants to become part of a group of independently operated companies, prioritizing sustainable growth without bureaucracy. 🚀Hawk Infinity’s acquisition of Osmi BiT d.o.o. marks a strategic step in expanding its portfolio to SEE. 👏🏻Congratulations to Marko Biloš from ONEtoONE Corporate Finance Croatia, who expertly led this operation. #ONEtoONE #CorporateFinance #MergersandAcquisitions #MnA

Jorge Lluch, COO and co-founder at Abacum, is teaming up with PayEm and Encoursa for a live webinar on how to enhance FP&A planning and implement stronger budget enforcement strategies. 🗓 Date: October 10th ⏰ Time: 11 AM ET | 5 PM CEST Join them and learn, from top industry leaders, how to make your budgeting process smoother than a fresh cup of coffee! ☕ The link to register is in the comments. #webinarfinance #payem #encoursa #abacum

At Froda, we’re not just partnering with banks. We’re also working with platforms like Ageras, a financial platform that helps SMEs across Europe with accounting and financial services. Together with Froda Embedded, Ageras now gives their clients fair, fast and flexible financing options directly within their platform. This shows how embedded solutions can simplify financing for businesses, regardless of the type of partner. Curious about how this could work for your platform? Listen Martin Hegelund below:

Avance advises Accountor Software in relation to the voluntary recommended public cash tender offer for all the shares and option rights in Heeros Plc announced by Accountor Finago Oy. Heeros is a pioneer in SaaS corporate software with a mission to develop software for streamlined business management, with its shares trading on Nasdaq First North Helsinki. The tender offer follows KKR's acquisition of a majority stake in Accountor Software earlier this year and supports the company’s ambition to become one of the leading pure-play business software companies, serving SMEs as well as larger organisations and corporations in the Nordics. The tender offer values Heeros' total equity at approximately EUR 30.7 million on a fully diluted basis. The offer period under the tender offer is expected to commence on or about 20 December 2024 and to expire on or about 17 February 2025. The completion of the tender offer is subject to the satisfaction or waiver by the offeror of certain customary conditions including, among others, the receipt of necessary regulatory approvals and obtaining of control of more than 90% of all outstanding shares and votes in Heeros. https://lnkd.in/dQrD44xP #avanceattorneys #capitalmarkets #mergersandacquisitions

Meet our partner Ageras, a leading financial platform providing accounting and financial services to SMEs across Europe. Through Froda Embedded, Ageras offer their clients seamless access to flexible business financing directly within their platform. We spoke with Martin Hegelund, Co-founder of Ageras, about our partnership - how it started, the benefits of our Embedded solution for Ageras and their customers, and our shared goal of empowering SMEs with simple, transparent financing options. Watch the full Success Story here 🔗 https://lnkd.in/dNHuPY2j

Virtuzone, the UAE’s leading and award-winning provider of company formation solutions, corporate services, and tax consultancy, announced its acquisition by Ascentium, a Singapore-based global business services platform supporting over 20,000 active clients across 25 cities and nine markets in the Asia Pacific (APAC) region. George Hojeige Neil Petch Virtuzone Lennard Y. Wendy Wang Ascentium MEA Finance Magazine

EY Technology Investment Banking is proud to have acted as the sole financial advisor to Surikat AB, the Swedish-based provider of mission critical supply chain software, on its sale to Bridgepoint. EY's capabilities and sector expertise within B2B Software and the broader logistics software space, played a pivotal role in achieving a successful outcome Surikat AB and its shareholder. #EYCoporateFinance #MnA #SaaS

🚀 Unlock Your Business Potential with Apiria Finance! Ready to close more deals, secure fast approvals, and simplify your financing process? Join Apiria Finance today and get access to exclusive low-FICO options, fast funding in as little as 1-3 days, and our unique Waterfall Application Process—all from one login! Don’t miss out on the financing partner that’s changing the game for contractors. Sign up now and watch your business thrive! 💼💸 #JoinApiria #ContractorFinancing #BusinessGrowth

AXIA Ventures Group acted as Joint Bookrunner in relation to PPC S.A.’s issuance of €600 million 7NC3 Senior Unsecured Notes due 2031 at a coupon of 4.625%. On the back of solid international and local institutional demand, the offering was upsized from the originally proposed amount of €500 million to €600 million and the proceeds will be used to fund the ongoing capital expenditure projects of PPC. Dimitrios Athanasopoulos Antonios Achilleoudis George Linatsas Haris Sitzoglou Thanos Adamantopoulos Alex Argyros Vaia Dotsia MARIA MITSOULI Vasileios Lingitsos Katerina Avramopoulou Pavlos Krashias Alkis Karaviotis #AXIAVenturesGroup #AXIA #PPC #DebtCapitalMarkets #NewTransaction #HighYield #FixedIncome #Greece