Stephenson Harwood Advised Augmentum Fintech On Investment In Pemo For Expansion In GCC Markets

Stephenson Harwood Advised Augmentum Fintech on Investment in Pemo for Expansion in GCC Markets

Stephenson Harwood LLP has advised Augmentum Fintech on its investment in Pemo, an innovative expense management solution catering to customers across the Middle East. Augmentum Fintech, the UK’s only publicly listed investment company focused on the fintech sector in the UK and Europe, has partnered with Pemo, which uses AI-driven automated accounting, real-time spend analytics, and smart payment workflows to provide clients with full visibility and control over their financial data. The platform also ensures ongoing compliance with relevant laws and regulations.

The investment was made alongside Abu Dhabi-based Shorooq Partners and existing investors Cherry Ventures, Speedinvest, and Fintech Collective. A portion of the funding will be used to help Pemo expand into new markets in the GCC, particularly Saudi Arabia, which is rapidly emerging as a major technology hub with a growing demand for smart, digitally connected solutions.

Commenting on the transaction, Partner Melissa Forbes-Miranda, who led the Stephenson Harwood team, said: "This transaction is significant for Pemo's strategic expansion. It also highlights our capabilities and growing track record in tech-based financial services solutions."

The Stephenson Harwood team included Dubai-based corporate and commercial partner Melissa Forbes-Miranda, associate Suditi Surana, and paralegal Jeevni Sharma. Dubai-based partner Phil Clarke provided financial services regulatory advice. Further support was provided by Dubai-based partner Emily Aryeetey and associate Emily Daly on employment law issues.