Dubai-based Fintech, Qashio is bringing its leasing and corporate expenses solution to vehicle ownership as part of a new partnership with Carasti, a car subscription service.
As organisations increasingly embrace alternative approaches to vehicle ownership, Qashio and Carasti said they have teamed up on a solution that both streamlines the leasing process, empowers businesses to manage their fleets efficiently, and ultimately makes vehicle leasing more accessible and cost-effective
The partnership is aiming to tap into a growing trend among organisations of incorporating leasing as part of their employee benefits packages. Through the deal, any sign-up for a vehicle leasing agreement with Carasti using Qashio’s Corporate Cards will receive an instant cashback.
Armin Moradi, Co-Founder & CEO of Qashio, said: “At Qashio, we are dedicated to transforming financial processes for organisations by offering cutting-edge solutions that enhance efficiency and convenience. Teaming up with Carasti aligns perfectly with our mission to simplify processes and provide real benefits to our clients.”
Mr. Claudio Esposito-Aiardo, Co-Founder & CEO of Carasti, said: “Carasti is proud to partner with Qashio to deliver a unique proposition to our corporate clients with our more flexible leasing solution in the form of Car Subscriptions. We’re seeing huge demand from the corporate world as car subscription is a great way to lower the overall cost of ownership and minimise upfront costs for businesses needing vehicles.
He added: “The instant cashback is a testament to our commitment to making Car Subscription not only accessible but also rewarding for businesses.”
Beyond immediate benefits, both companies have taken steps towards greater sustainability. In Qashio’s case, driving a shift towards cashless and paperless financial processes, and for Carasti, offering Electric Vehicles to the market.
It has been a busy period for the spend management Fintech. Last month, Qashio partnered with Mastercard to launch corporate credit cards with virtual issuance capabilities. In June, it inked a deal with Facephi, enhancing its digital identification processes and enabling its customers to access Facephi’s biometric technology.
