Wafeq is a game-changing, modern, and easy-to-use software that powers every finance-related need of small to medium businesses in the Middle East, starting with accounting.
Location: United Arab Emirates, Dubai
Employees: 11-50
Total raised: $10.5M
Founded date: 2019
Funding Rounds 2
| Date | Series | Amount | Investors |
| 18.12.2024 | Series A | $7.5M | - |
| 30.01.2023 | Seed | $3M | Wamda Capi... |
Mentions in press and media 10
| Date | Title | Description |
| 18.12.2024 | "We Got Funded!" UAE-Based Wafeq Raises a US$7.5 Million Series A Funding Round to Offer its Digitized Accounting Tools to MENA SMEs Wafeq offers a cloud-based platform that automates manual... | Wafeq, a UAE-based platform that digitizes business accounting and finance practices particularly for small and medium enterprises (SMEs), has raised US$7.5 million in a Series A round led by 9900 Capital, a UK-headquartered venture capital... |
| 13.12.2024 | MENA Digest: UAE’s Wafeq, BioSapien get biggest funding cheques this week | Nadim Alameddine, CEO & Founder of Wafeq 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 BioSapien pocketing the biggest cheques. Saudi... |
| 13.12.2024 | Wafeq’s $7.5 M Series A round includes participation from Wamda Capital | Modern and user-friendly accounting platform Wafeq announced today that its $7.5 million Series A funding round (SAR 28 million) is now complete. Globally recognized accounting software executives and investors are involved in this investme... |
| 09.07.2024 | Mastering VAT Returns in the UAE: A Complete Guide for Businesses | Introduction: The UAE boasts a vibrant economy, and a key element fueling its growth is the Value Added Tax (VAT). Introduced in 2018, VAT applies to most goods and services traded throughout the supply chain, impacting both businesses and ... |
| 30.01.2023 | MENA Region Fintech Firm Wafeq Raises $3M via Seed Round Led by Raed Ventures | Wafeq, a modern and easy-to-use accounting platform, has announced the completion of its $3 million seed round. The Dubai-headquartered company’s seed round was “led Raed Ventures by and saw participation from Wamda Capital, both of which a... |
| 26.01.2023 | Wafeq, based in Dubai, has raised a $3 million seed round to expand into North Africa and GCC | Wafeq, a cutting-edge accounting platform with a focus on ease of use, has announced the closing of a $3 million seed funding round. Raed Ventures and Wamda Capital, two of the most renowned names in the region’s early-stage funding ecosyst... |
| 26.01.2023 | Wafeq Raises $3M in Seed Funding | Wafeq, a Dubai, UAE-based fintech startup that provides a cloud based accounting tech platform, raised $3M in Seed funding. The round was led by Ra’ed Ventures with participation from Wamda Capital. The company intends to use the funds to i... |
| 24.01.2023 | Dubai-based accounting and financial compliance startup, Wafeq, raises $3M | In 2016, the Gulf Cooperation Council (GCC) member states signed the Value Added Tax (VAT) agreement paving way for the introduction of the general levy on consumption across the region. The United Arabs Emirates (UAE) and Saudi Arabia beca... |
| - | Wafeq وافق | “Send invoices or purchase orders, manage your inventory and your payroll, and get over 30 reports to manage your company, all in one software.” |
| - | Wafeq, based in Dubai, has raised a $3 million seed round to expand into North Africa and GCC | Wafeq, a cutting-edge accounting platform with a focus on ease of use, has announced the closing of a $3 million seed funding round. Raed Ventures and Wamda Capital, two of the most renowned names in the region’s early-stage funding ecosyst... |