Corporate spend platform Alaan has received in-principle regulatory approval from the Central Bank of the UAE. The licences will allow the startup to issue cards and process payments directly.
UAE corporate spend management platform Alaan has received in-principle approval from the Central Bank of the UAE for Stored Value Facilities (SVF) and Retail Payment Services (RPS) licences.
The regulatory clearances enable Alaan to operate directly as a licensed payment and card-issuing entity across the UAE, removing reliance on third-party intermediary rails for its corporate expense solutions.
Alaan is UAE's #1 Smart Corporate Card & Spend Management Platform, based in Dubai, founded in 2022, operates in the Fintech sector.
Alaan has raised $55M in disclosed funding to date according to the DXBStart company directory. Its most recent disclosed stage is Series A ($48M, Aug 2025).
The DXBStart company profile at dxbstart.com/company/alaan aggregates every news story DXBStart has indexed about Alaan, along with funding history, stage, status, and company details.
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