Wafeq
wafeq.com
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Overview
News
Salaries
Products
People
Growth
Offices
Financials
Funding and backers
Total raised
$3M
1 round on record
Latest round
$3M
Seed · Jan 2023 · 3 yr ago
Team
11-50
employees, estimated range
Backers
2
Raed Ventures, Wamda Capital
The money's age
Long since its last round
44 months since the last round · not hiring
Momentum
0/100
no fresh signals
Last sign of life
this month
a posting or a news item
The story so fareach stage dated by its source: the company's releases, the press, registers, filings
Mar 13, 2025
Partnership RemotePass and Wafeq partner to automate payroll and accounting for UAE & KSA businesses · gulftoday.ae
Jan 24, 2023
Raised a round Seed $3M · led by Raed Ventures
2019
Founded
Tractionpublic signals, read monthly
Web presence
top 6%
of 133.2M domains by links, Common Crawl
Funding rounds
| Round | Date | Amount | Investors | Source |
|---|---|---|---|---|
| Seed | Jan 2023 | $3M | Raed Ventures lead | yourstory.com |
Backed byfrom the funds' portfolios and accelerator catalogs
Raed Ventures 
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Overview
Wafeq is an accounting and invoicing platform for businesses in Saudi Arabia and the wider Gulf. It supports bilingual bookkeeping, value added tax filing and compliant electronic invoicing integrations. The company targets startups and small firms that need modern finance software in Arabic and English.
News
RemotePass and Wafeq partner to automate payroll, accounting for the UAE and KSA businesses
RemotePass partners with Wafeq to automate payroll and accounting for businesses in the UAE & KSA, enhancing efficiency and reducing errors with real-time data synchronization.
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Report
MENA Digest: UAE's Wafeq, BioSapien get biggest funding cheques this week
The UAE-based startups led the funding activity in the Middle East and North Africa region this week with fintech platform Wafeq and healthtech firm...
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Report
Dubai-based accounting and financial compliance startup, Wafeq, raises $3M
Wafeq is exploring new growth opportunities in Egypt while doubling down on its existing markets as businesses comply to new laws.
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Offices
Where the company hires and what each office is for
Cities
1
Hiring now
0
Countries
1
Riyadh
Saudi Arabia
HQ
10-50 est. staff
Financials
Total raised
$3M
Latest round
Seed
Funding rounds
1
Funding rounds
| Round | Announced | Amount | |
|---|---|---|---|
| Seed | 2023 | $3M | Details |