Flare
Flare is the financial operating system for nonprofit organizations
4 employees · est. 2022 · Chicago, United States
Wafeq وافِق
نظام محاسبة وفوترة إلكترونية لأصحاب الأعمال والمحاسبين Accounting & e-invoicing software for accountants & founders
95 employees · est. 2019 · Dubai, Saudi Arabia
Wafeq وافِق is the older company (2022 vs 2019); Wafeq وافِق is the larger of the two.
Side-by-Side Comparison
| Metric | Flare | Wafeq وافِق |
|---|---|---|
| Founded | ||
| Founded | 2022 | 2019 older |
| Headquarters | ||
| Headquarters | Chicago, United States | Dubai, Saudi Arabia |
| Employees | ||
| Employees | 4 | 95 larger |
| Industry | ||
| Industry | Financial Services, Fintech | Not tracked yet |
| Funding Stage | ||
| Funding Stage | Pre Seed | Series A |
| Total Funding | ||
| Total Funding | $120.00K | $10.50M |
| Funding Rounds | ||
| Funding Rounds | 2 | 2 |
| Services | ||
| Services | Not tracked yet | Invoicing Solutions, Purchases & Bills Management, Tax and VAT Compliance, Accounting Features, Financial Report Generation, Payroll Processing, Inventory and Stock Management |
| Target Customers | ||
| Target Customers | Not tracked yet | Small Businesses, Medium and Large Companies, Professional Accountants, E-commerce Platforms, Tech Companies, Logistics Firms, Restaurants & Cafes |
| Taxonomy | ||
| Taxonomy | Financial Operating System, Nonprofit Organizations, Financial Management, Accounting Software, Financial Software, Nonprofit Financial Management, Nonprofit Technology, Nonprofit Accounting, Financial Efficiency, Financial Reporting, Financial Analytics | 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 |
| Website | ||
| Website | flarefs.com | wafeq.com |
About Flare
Flare is a financial operating system designed specifically for nonprofit organizations. The company, founded in 2022, operates within the financial services and fintech sectors. It is headquartered in the United States. Notably, Flare secured its Pre Seed Round investment on 29 November 2022, with...
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 in...
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Funding, hiring, leadership and stack changes at Flare and Wafeq وافِق — by email.
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Compiled from the BounceWatch company index. We last looked at Flare on 11 Sep 2024, and Wafeq وافِق on 12 Feb 2026. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.