Jul 31, 2024

This endorsement underscores our dedication to offering innovative financial solutions through our regulated partnerships with pioneering fintech collaborations Press Release PHOTO Dubai, United Arab Emirates: Pluto, the UAE home-grown end-to-end spend management platform, has announced that it has received an In-principle approval for Payments Services Business from the Dubai Financial Services Authority (DFSA). This significant milestone marks a crucial advance for Pluto, reinforcing the company’s commitment to providing state-of-the-art infrastructure to SMBs and corporates operating in the UAE and the region from the most prominent financial hub, the Dubai International Financial Centre (DIFC). "We are thrilled to have received this In-principle approval from the DFSA. This endorsement underscores our dedication to offering innovative financial solutions through our regulated partnerships with pioneering fintech collaborations. Our mission at Pluto is to build the future of CFO finance tooling, allowing businesses to manage their entire global company spending within one collaborative and automated platform," comments Mohammed Ridwan, Co-Founder and COO of Pluto. Pluto combines the power of instant issuance of unlimited corporate cards with full end-to-end reimbursements, petty cash management, procurement, and accounts payable management, all within one platform. From small businesses to the largest multinational group holdings, Pluto has been trusted by a diverse range of enterprises for managing all non-payroll spending. For SMBs and large enterprises alike, Pluto helps businesses foster efficient expense management and streamline payments seamlessly. Pluto's platform eliminates the need for chasing receipts, manually approving invoices via long email threads, or sharing a single corporate card among multiple employees. It brings control back to complex finance and accounting processes, creating a streamlined approach to managing company spending. In recent news, Pluto ranked #1 in EMEA for Procure to Pay Solutions and was recognized in the prestigious G2 Rankings (Summer 2024) as a Top 10 provider globally in both Enterprise and SMB Expense Management. Send us your press releases to  pressrelease.zawya@lseg.com Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release. The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk. To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages. © ZAWYA 2024