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Wafeq وافِق logo — نظام محاسبة وفوترة إلكترونية لأصحاب الأعمال والمحاسبين Accou...

Wafeq وافِق

نظام محاسبة وفوترة إلكترونية لأصحاب الأعمال والمحاسبين Accounting & e-invoicing software for accountants & founders

Founded 2019 Saudi Arabia Saudi Arabia 95 employees Series A Total: $10.50M

General Information

Company Name Wafeq وافِق
Founded Year 2019
Location Saudi Arabia Saudi Arabia
Employees 95
Funding Stage Series A
Business Model B2B, SaaS, Platform
Revenue Model Subscription, Tiered Pricing, Usage Based
Social

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About Wafeq وافِق

Wafeq وافِق is an emerging player in the finance technology sector, designed to streamline financial operations for small to medium-sized businesses in the Middle East. Founded in 2019, the company has quickly positioned itself as a pivotal tool for accountants and business founders.

Boasting an intuitive and user-friendly platform, Wafeq caters primarily to accounting and electronic invoicing needs, making it an essential asset in the region's rapidly digitizing financial landscape. Headquartered in Saudi Arabia, the company aspires to be at the forefront of financial management solutions.

In a testament to its potential and market appeal, Wafeq secured a significant $7.50 million Series A investment on 01 December 2024. This round was led by prominent investors, including Wamda Capital, Raed Ventures, 9900, and Gary Turner. These endorsements underscore the company's robust growth trajectory and its promising future in transforming financial services for regional businesses.

Business keywords: Accounting Software, E-Invoicing, SME Finance Solutions, Payroll Management, Expense Management, Financial Integration, Middle East SMEs, Finance Automation, Small Business Solutions, Modern Financial Tools, Accounting Automation

Services & Products

Invoicing Solutions
Purchases & Bills Management
Tax and VAT Compliance
Accounting Features
Financial Report Generation
Payroll Processing
Inventory and Stock Management

Target Customers

Small Businesses Medium and Large Companies Professional Accountants E-commerce Platforms Tech Companies Logistics Firms Restaurants & Cafes

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Series A $7.50M 4
Wamda Capital Raed Ventures 9900
Wamda Capital, Raed Ventures +2
01 Dec 2024
Seed $3.00M 2
Wamda Capital Raed Ventures
Wamda Capital, Raed Ventures
01 Jan 2023

Wafeq وافِق Alternatives & Competitors

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Wafeq وافِق vs
Xero
Xero New Zealand

Powerful enough for your accountant, simple enough for you.

IPO
6099 employees
Finance, Financial Services
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Wafeq وافِق vs
Regate by Qonto
Regate by Qonto France

L'interface de productivité et de collaboration du cabinet et de ses clients, 100% intégrée avec vos...

Acquired
97 employees
Finance, Financial Services
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Wafeq وافِق vs
FreeAgent
FreeAgent United Kingdom

💙 Loved by over 200,000 people 🙌 Built by a friendly bunch 🏆 World class SaaS

Series C
389 employees
Financial Services, Fintech
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FAQ About Wafeq وافِق

نظام محاسبة وفوترة إلكترونية لأصحاب الأعمال والمحاسبين Accounting & e-invoicing software for accountants & founders
Wafeq وافِق was founded in 2019.
Wafeq وافِق is headquartered in Saudi Arabia.
Wafeq وافِق has a B2B, SaaS and Platform business model. Its revenue comes from Subscription, Tiered Pricing and Usage Based.
Wafeq وافِق has approximately 95 employees.
Wafeq وافِق has completed 2 funding rounds, raising a total of $10.50M. The latest funding stage is Series A.
Wafeq وافِق offers: Invoicing Solutions, Purchases & Bills Management, Tax and VAT Compliance, Accounting Features, Financial Report Generation, Payroll Processing, Inventory and Stock Management.
Top alternatives and competitors to Wafeq وافِق include Xero, Regate by Qonto, FreeAgent, SaasAnt, ProfitBooks . These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Wafeq وافِق and Xero are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Wafeq وافِق, https://bouncewatch.com/company/wafeq-oafk, updated 17 April 2026. When citing, please name BounceWatch and link this page.

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