{"id":37862,"date":"2024-12-17T17:40:10","date_gmt":"2024-12-17T14:40:10","guid":{"rendered":"https:\/\/entarabi.com\/?p=37862"},"modified":"2024-12-17T17:40:10","modified_gmt":"2024-12-17T14:40:10","slug":"invoiceq-raises-1-2m-in-pre-series-a-funding-to-fuel-gcc-expansion","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/12\/invoiceq-raises-1-2m-in-pre-series-a-funding-to-fuel-gcc-expansion\/","title":{"rendered":"InvoiceQ Raises $1.2M in Pre-Series A Funding to Fuel GCC Expansion"},"content":{"rendered":"

InvoiceQ, a Jordan-headquartered SaaS company specializing in e-invoicing and integration solutions, has successfully secured $1.2 million<\/strong> in a pre-Series A funding round. The round included participation from Oasis 500<\/strong>, Orange VC<\/strong>, Flat6Labs<\/strong>, Natej Soft<\/strong>, and multiple angel investors, reflecting strong confidence in InvoiceQ’s business model and growth potential.<\/p>\n

Empowering Digital Invoicing in MENA<\/strong><\/h3>\n

Founded in 2020<\/strong> by Muhannad Tobal<\/strong> (CEO), Fadi Al-Jabali<\/strong> (CTO), Amer Ayyad<\/strong> (COO), and Mohammad Baseet<\/strong> (General Manager), InvoiceQ<\/strong> has emerged as a leader in modern e-invoicing solutions across Jordan<\/strong> and Saudi Arabia<\/strong>. The company focuses on simplifying digital invoicing processes to align with local tax regulations and drive business efficiency.<\/p>\n

With over 50 million invoices issued<\/strong> to date, representing a total invoice value of $6 billion<\/strong>, InvoiceQ\u2019s platform offers tailored solutions that automate invoice management, reduce manual errors, and provide real-time reconciliation<\/strong> and reporting.<\/p>\n

Strategic GCC Expansion<\/strong><\/h3>\n

The newly raised capital will support InvoiceQ\u2019s geographic expansion<\/strong>, particularly into Oman, Egypt, UAE<\/strong>, and the wider GCC<\/strong> markets, where demand for e-invoicing solutions<\/strong> is growing exponentially. The company’s advanced solutions enable businesses to comply with country-specific tax regulations, enhancing operational efficiency while integrating seamlessly with global payment systems.<\/p>\n

Muhannad Tobal, Co-founder and CEO, highlighted the growth opportunity, stating:
\n“We have issued over 50 million invoices to date, saving our clients significant time and resources. This investment will empower us to expand our client base and drive growth in Saudi Arabia and the MENA region, where the demand for digital invoicing solutions is rapidly increasing.”<\/em><\/p>\n

Advanced Payment Integration<\/strong><\/h3>\n

The InvoiceQ platform supports leading payment gateways like:<\/p>\n

    \n
  • SADAD<\/strong> (KSA\u2019s digital payments platform)<\/li>\n
  • eFAWATEERcom<\/strong> (Jordan\u2019s online bill payment platform)<\/li>\n
  • Visa<\/strong> and Mastercard<\/strong>, provide businesses with versatile payment collection options and efficient reconciliation processes.<\/li>\n<\/ul>\n

    This versatility allows companies to enhance cash flow management and improve payment collection efficiency in real time.<\/p>\n

    Compliance and Recognition<\/strong><\/h3>\n

    InvoiceQ’s solutions have earned formal recognition from:<\/p>\n

      \n
    • ZATCA<\/strong> (Zakat, Tax, and Customs Authority) in Saudi Arabia<\/li>\n
    • ISTD<\/strong> (Income and Sales Tax Department) in Jordan<\/li>\n<\/ul>\n

      By adhering to regional tax regulations, InvoiceQ enables seamless integration with existing systems and offers customizable solutions that align with each business\u2019s needs.<\/p>\n

      Milestones and Vision<\/strong><\/h3>\n

      Since its inception, InvoiceQ has:<\/p>\n

        \n
      • Issued over 50 million invoices<\/strong><\/li>\n
      • Achieved $6 billion<\/strong> in total invoice value<\/li>\n
      • Gained 250+ clients<\/strong> across industries<\/li>\n<\/ul>\n

        InvoiceQ aims to simplify e-invoicing for businesses of all sizes, offering solutions that prioritize simplicity, speed<\/strong>, and real-time updates<\/strong>. Tobal emphasized the company\u2019s commitment:
        \n“Our vision is to deliver customer-centric, user-friendly technology that empowers businesses to manage invoices electronically with minimum effort and maximum efficiency. This investment unlocks new opportunities for companies to adopt the e-invoicing revolution with cutting-edge solutions.”<\/em><\/p>\n

        The Road Ahead<\/strong><\/h3>\n

        With its customer-focused approach<\/strong> and strong backing from regional investors, InvoiceQ is well-positioned to scale its solutions across MENA<\/strong>, paving the way for digital transformation in the e-invoicing industry.<\/p>\n","protected":false},"excerpt":{"rendered":"

        InvoiceQ, a Jordan-headquartered SaaS company specializing in e-invoicing and integration solutions, has successfully secured $1.2 million in a pre-Series A funding round. The round included participation from Oasis 500, Orange VC, Flat6Labs, Natej Soft, and multiple angel investors, reflecting strong confidence in InvoiceQ’s business model and growth potential. Empowering Digital Invoicing in MENA Founded in […]<\/p>\n","protected":false},"author":37,"featured_media":37863,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[6508],"class_list":["post-37862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-invoiceq"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/37862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=37862"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/37862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/37863"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=37862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=37862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=37862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}