"We Got Funded!" InvoiceQ Raises US$1.2M Pre-Series A Funding Round as it Aims to Expand Further into the GCC
Summary
InvoiceQ, a Jordan-headquartered company specializing in providing software as a service (SaaS) in the field of e-invoicing and integration solutions, has successfully raised a pre-series A-funding round of US$1.2 million. The round saw the participation of a number of Jordan-based investors, including Oasis 500, Orange VC, Flat6Labs, as well as Natej Soft and several angel investors.InvoiceQ finalized the investment process with the support of Kassim Legal, a boutique law firm specializing in startups, entrepreneurs, and emerging enterprises.Co-founded in 2020 by Muhannad Tobal (CEO), Fadi Al-Jabali (CTO), Amer Ayyad (COO), and Mohammad Baseet (General Manager), InvoiceQ is currently operational in Jordan as well as KSA. "This investment will empower us to expand our client base and drive significant growth in Saudi Arabia and the MENA region where the demand for digital invoicing solutions is rapidly increasing. With InvoiceQs solutions, companies are thus able to comply with tax authorities, get dynamic system integrations, and advanced customization options. "This is what pushes us to develop customer-centric alternatives capable of meeting global systems demands according to each countrys local tax regulations and legislation," Tobal added.