Another renewed accomplishment added to InvoiceQ after successfully raising $1.2 million in a pre-series A-funding round, where a number of prominent Jordanian seed and pre-seed investors participated in the round; this included Oasis 500, Orange VC, Flat6Labs, as well as Natej Soft and several angel investors. With the support of Kassim Legal, InvoiceQ finalized the transaction with future plans to focus on their expansion across the region to serve more clients.
“We have issued over 50M invoices to date, saving our clients a lot in the process,” said Muhannad Tobal, CEO of InvoiceQ.
Based in Jordan and KSA with active participation, InvoiceQ has set its E-invoicing solutions with a mindset that aims to address the needs of each country’s specific requirements so that E-invoicing solutions revolutionize the ways by which invoices are managed and exchanged across the region.
Investing in A Promising Future For E-invoicing
With this funding, InvoiceQ is poised to accelerate its growth and expand in other markets in the MENA region including Oman, Egypt, UAE, GCC and more in an attempt to provide cutting-edge E-invoicing solutions to a wider client base.
“This investment will empower us to expand our client base and drive significant growth in Saudi Arabia and MENA region where the demand for digital invoicing solutions is rapidly increasing alongside other countries in the region.” Said Muhannad Tobal – CEO of InvoiceQ.
Expertise in Tailored E-Invoicing Solutions
Founded in 2020, InvoiceQ is a SaaS-based E-invoicing platform and a trusted integration solution provider in Jordan and KSA with current expansions in the MENA region. InvoiceQ is a qualified provider by ZATCA in Saudi Arabia and ISTD in Jordan making it an officially recognized provider of E-invoicing solutions.
The system has been developed to support different payment gateways such as SADAD and eFAWATEERcom in addition to supporting payment collections through versatile options such as Visa and Mastercard in an attempt to facilitate the payment collection process for businesses and ensure real-time reconciliation.
With InvoiceQ’s solutions, companies are able to comply with tax authorities, get dynamic system integrations, and advanced customization options. The system automates manual processes, thereby increasing efficiency, minimizing errors, and providing accurate data reports in real-time.
The Driving Force Behind InvoiceQ
With a shared vision to revolutionize the E-invoicing industry and help solve invoice issues, InvoiceQ was founded by a group of experienced entrepreneurs; each bringing their expertise to get the best outcome.
Thus, InvoiceQ was founded by CEO Muhannad Tobal, CTO Fadi Al-Jabali, COO Amer Ayyad, and GM Mohammad Baseet. With their expertise combined together, they managed to successfully drive the wheel of E-invoicing in the region and address the critical challenges of the E-invoicing industry.
InvoiceQ in Numbers
Ever since its founding in 2020, InvoiceQ has been rapidly achieving remarkable milestones in the E-invoicing industry as they issued over 50M invoices and achieved a total invoice value estimated at 6B USD.
Moreover, the company has won the trust of serving more than 250 clients from various business industries and regions. Thereby, helping businesses save a significant amount of time and resources through its up-to-date solutions.
Vision
InvoiceQ vision is to deliver user-friendly E-invoicing solutions tailored for businesses and organizations of all industries and sizes across the region. This is what pushes us to develop customer-centric alternatives capable of meeting global systems’ demands according to each country’s local tax regulations and legislation.
Mission
Developing technology that empowers all business users to manage invoices electronically with the minimum effort needed and maximum output received, through solutions that prioritize each business specific needs.
A Move Towards A Tech-Driven Future
This achievement unlocks the door for new opportunities and helps businesses embark on this new revolution in the E-invoicing industry through solutions that consider simplicity, speed, and real-time updates for E-payment solutions. Through this strong foundation and dedicated team, the future of E-invoicing solutions in the Middle East is looking bright with solutions providers like InvoiceQ.