How Jazaa Brought Financial Order to a Fast-Growing Saudi Fleet Fintech
Jazaa stepped in as outsourced CFO for a Saudi-based fleet expense fintech, structuring settlements, reconciliation, regulatory reporting, and financial planning from the ground up.
- Financial Technology
Financial Technology / Fleet Expense and Payment Solutions
Outsourced CFO Services
Ongoing
Kingdom of Saudi Arabia
ccounting, Taxation, Financial Operations (FinOps), Transaction Reconciliation, Financial Modelling, Regulatory Compliance (Saudi Central Bank), Budgeting and Financial Planning
Ongoing
Engagement Duration
7 Service Areas
Functions Covered
Saudi Central Bank
Regulatory Reporting
KSA
Market
About the Client
The client is a Saudi-based fintech company that provides digital fuel card and fleet expense management solutions. Its platform gives businesses the ability to control, track, and manage vehicle-related spending through real-time monitoring, spend controls, and detailed reporting.
The Challenges
The company was growing fast, but its financial operations were not keeping pace. High-volume transaction reconciliation demanded constant attention to accuracy. Settlements and top-up processes were becoming harder to manage as the platform scaled.
On top of the operational complexity, the company had regulatory reporting obligations to the Saudi Central Bank. Meeting those requirements consistently required structured processes that did not yet exist.
There were no standardised procedures for day-to-day financial operations. Controls were informal rather than documented. The company needed a partner who could take ownership of the full finance function without requiring the business to build an in-house team from scratch.
What Jazaa Did
Jazaa stepped in as the outsourced CFO, taking ownership of the company’s entire financial operation on an ongoing basis.
The team started by structuring the settlement and top-up workflows. Jazaa documented them, built standard operating procedures, and created repeatable workflows so that every cycle ran consistently.
Reconciliation was a central focus. With high transaction volumes, Jazaa put regular reconciliation mechanisms in place to catch discrepancies early and maintain data accuracy across all accounts.
Jazaa also built and refined financial models that gave leadership a clearer picture of revenue, costs, and cash flow. On the compliance side, Jazaa managed all regulatory reporting to the Saudi Central Bank.
Scope of Services
- Accounting and Financial Records - Day-to-day transaction recording and financial record management
- Taxation - Tax support, compliance, and filing
- Financial Operations (FinOps) - Settlements, top-ups, and SOP development
- Reconciliation - Transaction reconciliation and discrepancy resolution
- Financial Modelling - Model development and periodic enhancements
- Regulatory Compliance - Reporting to the Saudi Central Bank
- Budgeting - Financial planning and budget development
Results
The engagement brought structure and reliability to a finance function that had been running informally.
Key Outcomes:
- Fully integrated 5-year financial model developed, covering profitability, cash flows, and balance sheets
- Valuation framework built using three methods (DCF, sales multiple, relative valuation)
- Revenue drivers and cost structure clearly mapped with realistic scalability assumptions
- Investor confidence strengthened through structured financial and market analysis
- Pitch deck updated with integrated financial projections and market research
Need an Outsourced CFO for Your Fintech?
If your financial operations are growing faster than your team can manage, Jazaa can step in and take ownership.
Get In Touch
contact@jazaa.com
LOCATION
Dubai, UAE with clients across all Emirates
Meeting
Book a consultation to discuss your specific financial needs
Our operations were getting complex, especially around reconciliations and compliance, and things needed to be tighter. The team helped bring order to that without overcomplicating anything. Processes are clearer now, and we have much better visibility on what's happening financially.
Founder Fleet Fintech Platform (KSA)