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: $3M
Founded date: 2019
Funding Rounds 1
| Date | Series | Amount | Investors |
| 30.01.2023 | Seed | $3M | Wamda Capi... |
Mentions in press and media 7
| Date | Title | Description |
| 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... |