- InvoiceQ raised US$1.2M in a pre-Series A funding round, supported by Jordan-based investors like Oasis 500 and Orange VC.
- The company provides e-invoicing solutions tailored to local tax regulations and aims to expand into Oman, Egypt, UAE, and the GCC.
- It has issued over 50 million invoices, with a total invoice value of $6 billion, helping businesses save time and resources.
- InvoiceQ integrates with payment gateways such as SADAD (KSA), eFAWATEERcom (Jordan), Visa, and Mastercard for seamless payment processing.
InvoiceQ, a leading Jordan-based SaaS company specializing in e-invoicing and integration solutions, has successfully raised $1.2 million in its pre-Series A funding round. This achievement marks a significant milestone for the company as it sets its sights on expanding further into the GCC region.
The funding round saw participation from several prominent Jordan-based investors, including Oasis 500, Orange VC, Flat6Labs, and Natej Soft, along with contributions from several angel investors.
The entire investment process was finalized with legal support from Kassim Legal, a boutique law firm specializing in startups, emerging enterprises, and entrepreneurs.
Founded with a Vision for Seamless E-Invoicing
Established in 2020, InvoiceQ was co-founded by Muhannad Tobal (CEO), Fadi Al-Jabali (CTO), Amer Ayyad (COO), and Mohammad Baseet (General Manager).
The company is operational in Jordan and Saudi Arabia (KSA), delivering tailored e-invoicing solutions that meet the unique regulatory requirements of each market. InvoiceQ is revolutionizing the way businesses generate, manage, and exchange invoices, streamlining financial processes for improved efficiency.
“We have issued over 50 million invoices to date, saving our clients a lot in the process,” said Muhannad Tobal, CEO of InvoiceQ. “This investment will empower us to expand our client base and drive significant growth in Saudi Arabia and the broader MENA region, where the demand for digital invoicing solutions is rapidly increasing.”
Geographic Expansion Plans Across the GCC and MENA
With the new capital, InvoiceQ plans to accelerate its geographic expansion. The company aims to enter Oman, Egypt, UAE, and other GCC markets, bringing its advanced e-invoicing solutions to a larger client base.
The expansion aligns with InvoiceQ’s mission to provide cutting-edge software that simplifies invoicing processes, improves accuracy, and ensures compliance with tax regulations across various regions.
This funding will also enable the company to strengthen its presence in Saudi Arabia, where demand for digital invoicing solutions is growing rapidly. InvoiceQ’s solutions have been formally recognized by the Zakat, Tax, and Customs Authority (ZATCA) in Saudi Arabia, as well as the Income and Sales Tax Department (ISTD) in Jordan, highlighting its commitment to compliance and quality.
Streamlining Payments and Enhancing Integration
InvoiceQ’s platform has been built with versatility and ease of use in mind. It supports various payment gateways, making it easier for businesses to collect payments and reconcile accounts in real-time. The system integrates with key platforms such as:
- SADAD, a leading digital payments platform in Saudi Arabia.
- eFAWATEERcom, Jordan’s prominent online bill payment platform.
- Major payment options like Visa and Mastercard.
By offering these integrations, InvoiceQ ensures businesses can facilitate payment collections effortlessly, saving time and reducing errors. The platform’s automation capabilities further streamline manual processes, enhancing efficiency and providing real-time data insights.
Impressive Milestones and Growing Client Base
Since its inception, InvoiceQ has achieved remarkable success in the e-invoicing industry. To date, the company has issued over 50 million invoices, with a total invoice value estimated at $6 billion. Its innovative solutions have attracted more than 250 clients across different industries and regions, helping businesses save both time and resources.
By automating invoicing processes, InvoiceQ minimizes human errors, increases operational efficiency, and delivers accurate data reports in real-time. These solutions are designed to address the specific needs of businesses, ensuring compliance with local tax regulations while simplifying complex invoicing workflows.
Customer-Centric Solutions for Businesses of All Sizes
InvoiceQ is committed to delivering user-friendly e-invoicing solutions that cater to businesses of all sizes and industries. The company’s systems prioritize simplicity, speed, and real-time updates for e-payment solutions.
“We are developing technology that empowers all business users to manage invoices electronically with minimal effort and maximum output,” said Tobal. “Our customer-centric solutions are tailored to meet global system demands while adhering to local tax legislation.”
This approach has solidified InvoiceQ’s reputation as a trusted provider of advanced invoicing systems. Its solutions allow businesses to achieve significant savings in terms of time and operational costs, enabling them to focus on growth and innovation.
Unlocking New Opportunities in the Digital Economy
The $1.2 million pre-Series A investment represents a significant step forward for InvoiceQ. It not only unlocks new opportunities for the company but also positions it as a leader in the digital invoicing revolution across the region.
The funding will drive innovation, enhance system capabilities, and facilitate the adoption of InvoiceQ’s solutions in key markets across the GCC and MENA regions.
As businesses continue to embrace digital transformation, InvoiceQ is well-positioned to support them with e-invoicing solutions that prioritize speed, accuracy, and compliance. By leveraging advanced technology and dynamic integrations, the company enables organizations to streamline their financial processes and achieve operational excellence.
A Future Focused on Growth and Innovation
InvoiceQ’s growth trajectory highlights its commitment to providing businesses with efficient and scalable invoicing solutions. With plans to expand into Oman, Egypt, UAE, and beyond, the company aims to reach a broader audience and help businesses transition to a more streamlined, digital invoicing environment.
As the demand for e-invoicing solutions rises across the GCC and MENA, InvoiceQ’s innovative platform will continue to play a pivotal role in empowering businesses to meet regulatory requirements while enhancing productivity and efficiency.
With a strong leadership team, a growing client base, and a clear vision for the future, InvoiceQ is poised to revolutionize the e-invoicing industry across the region, one invoice at a time.
Follow us on Instagram, LinkedIn, and Twitter for startup & business news and inspiring stories of MENA businesses, entrepreneurs, startups, innovators, investors, and change-makers.
To report any issue or error in the story, please email us editor [at] rasmal [dot] com.
