Raceed · Fleet expense management

Every riyal your fleet spends, under control.

A Saudi fleet expense-management platform using NFC fleet cards, real-time spend controls, analytics and fraud detection.

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Category: Fleet expense-management platform
Built for: Saudi businesses running vehicle fleets
Pairs with IoT Cube for: Spend checked against live vehicle data

/ The problem /

Why Raceed exists.

Drivers pay for fuel and services with cash and receipts. Finance sees the spend weeks later, with no way to tell a genuine fill-up from a misused one.

Saudi fleet expense management with NFC fleet cards, real-time spend controls, analytics and fraud detection.

/ What it does /

Capability, not just visibility.

NFC fleet cards with live controls

Each vehicle or driver gets an NFC fleet card. Set limits by amount, category, time and location, and change them in real time when plans change.

Real-time transaction visibility

Every transaction appears as it happens, with vehicle, driver, station and amount, rather than on a statement weeks later.

Fraud detection

Unusual transactions, such as fuel volumes beyond tank capacity or spend far from the vehicle’s location, are flagged for review.

Spend analytics

Break down spend by vehicle, driver, site and category, and compare periods to see where costs are rising.

Approvals and exceptions

Out-of-policy requests go to a manager for approval, so drivers are not stranded and policy is not bypassed.

Finance-ready records

Transactions are categorised and exportable for accounting, designed with ZATCA e-invoicing requirements in mind.

/ How it works /

From first login to everyday habit.

1
Issue cards
Assign NFC fleet cards to vehicles or drivers and link them to the right cost centres.
2
Set controls
Define spend limits, allowed categories, times and locations for each card or group.
3
Spend and monitor
Transactions are checked against controls in real time, with suspicious ones flagged.
4
Analyse and reconcile
Finance reviews analytics and exports clean records, without chasing paper receipts.

/ Who uses it /

Built around the people who carry the load.

Finance manager

“What did the fleet actually spend this week, and on what?”

Every transaction visible in real time.
Spend broken down by vehicle and cost centre.
Records ready for accounting, no receipts to chase.

Fleet manager

“How do I stop fuel misuse without slowing drivers down?”

Limits by vehicle, driver, time and location.
Suspicious transactions flagged for review.
Quick approvals for genuine exceptions.

Driver

“How do I pay for fuel without using my own money?”

Tap an NFC fleet card at the station.
No cash or receipts to keep.
Request more budget from the app if needed.

/ Integrations /

Connects to what you already run.

Vehicle data

Telematics via tracking.me
Fuel-level sensors
Odometer readings
GPS trackers

Services

Fuel stations
On-demand car care via Gorex
Vehicle service providers
Logistics platforms such as Shipr

Business systems

ERP such as SAP or Dynamics
Accounting systems
E-invoicing workflows
REST APIs and webhooks

/ What it inherits /

Nothing here started from zero.

Raceed is a product with its own customers. Underneath, it stands on the same foundation as every other product in the family.

Raceed

Fleet expense management

NFC fleet cards with live controls
Real-time transaction visibility
Fraud detection
Spend analytics

Sovereign hosting

Data resident in the Kingdom

In-Kingdom data residency
Private cloud or on-site option
Encrypted in transit and at rest

Neutral by design

No lock-in underneath

Any device brand
Any Saudi carrier
Any approved AI model

IoT Cube foundation

Solved once, shared by every product

Asset & identity record
Multi-tenancy
Rules & alerting engine
Role-based access & audit
Open APIs & webhooks

/ Security & sovereignty /

Sovereign is a place, not a promise.

In-Kingdom residency

Data stored and processed inside Saudi Arabia, on infrastructure you can name in a tender.

Built to national controls

Designed to align with NCA cybersecurity controls and the Personal Data Protection Law.

Isolated by tenant

Tenant isolation, role-based access and a full audit trail across users, actions and devices.

Your cloud or site

Deploy into a sovereign cloud, your private cloud or on-premises without becoming a different product.

Read the data residency statement →

/ Better together /

Pairs with.

Products that share the same record, so connecting them is a setting, not a project.

tracking.me

Saudi AI and IoT fleet tracking, telematics, RFID, tyre management and connected mobility solutions.

Gorex

On-demand car care — convenient vehicle maintenance and automotive services, booked in a few taps.

Shipr

All-in-one logistics for transportation management, fleet maintenance, freight forwarding and customs operations.

/ Questions /

Frequently asked.

How do Raceed fleet cards work?

Each card uses NFC and is linked to a vehicle or driver. Spend is checked against the controls you set at the moment of the transaction.

Can limits be changed quickly?

Yes. Limits, categories, times and locations can be adjusted in real time from the platform, for one card or a whole group.

How does fraud detection work?

Raceed flags transactions that do not fit the expected pattern, such as unusual amounts or timings. Paired with tracking.me, spend can also be compared with where the vehicle actually was.

Does Raceed support ZATCA e-invoicing?

Raceed is designed with ZATCA e-invoicing requirements in mind. The specifics of your accounting and invoicing setup are reviewed during onboarding.

Where is the data hosted?

Raceed is built on IoT Cube, a Saudi-built sovereign platform. Hosting and data residency options are discussed as part of each deployment.

/ The family /

More products on the same foundation.

Bring us the decision that takes too long today.

Start with the problem. IoT Cube provides the foundation underneath.