Wafeq raised $7.5 million in a Series A round led by 9900 Capital to enhance its accounting platform for SMEs in the Middle East.
Wafeq raised $7.5 million in a Series A round led by 9900 Capital to enhance its accounting platform for SMEs in the Middle East.
12/10/24, 4:21 AM
Location
dubaiMoney raised
$7.5 million
Industry
information technology
software
accounting
Round Type
series a
Investors
Wamda Capital, Raed Ventures, Gary Turner, 9900 Capital
Wafeq has completed a $7.5 million Series A funding round with participation from notable investors including Gary Turner, Raed Ventures, and Wamda Capital. The company plans to expand its operations in Saudi Arabia and the UAE, following its recent success in facilitating over 2 million invoices monthly.