- InvoiceQ, a Jordanian company, has raised a Pre-Series A funding round worth USD 1.2M.
- InvoiceQ operates in Jordan and Saudi Arabia, in the field of software as a service (SaaS), in the field of electronic invoicing and integration solutions.
- The company will use the new funding for regional expansion, including plans to enter Oman, Egypt, the UAE, and the GCC area.
InvoiceQ, a Jordanian SaaS provider specializing in electronic invoicing and integration solutions, has successfully raised USD 1.2M in a Pre-Series A funding round. The investment comes from a group of key investors, including Oasis 500, Orange VC, Flat6Labs, Natej Soft, and several angel investors.
Currently operating in Jordan and Saudi Arabia, InvoiceQ’s innovative platform is revolutionizing the way businesses manage and exchange invoices. The company’s solutions are designed to meet the specific requirements of each country, ensuring businesses can stay compliant while optimizing billing processes.
The newly acquired funding will be instrumental in driving InvoiceQ’s regional expansion plans, including entering Oman, Egypt, the UAE, and broader GCC markets. This strategic move aims to enhance InvoiceQ’s presence and support businesses across the region with smarter, more efficient invoicing solutions.
Innovative Solutions for a Seamless Future
InvoiceQ has developed a robust platform that supports a variety of payment gateways, including Saudi Arabia’s SADAD, Jordan’s eFAWATEERcom, and international payment methods like Visa and Mastercard. This seamless integration ensures real-time payment reconciliation, streamlining the payment collection process for businesses.
The company’s solutions automate manual processes, improving efficiency, minimizing errors, and providing real-time data reports. Since its inception, InvoiceQ has processed over 50 million invoices, totaling around USD 6bn in invoice value. With a client base of over 250 companies across various industries, InvoiceQ has helped its clients save significant time and resources.
Driving Growth for the Digital Future
InvoiceQ’s success story comes at a time when the Jordanian government is actively supporting the growth of local startups. A new initiative launched in July aims to develop 100 Jordanian growth-stage companies in digital or traditional sectors, further creating opportunities for innovation and regional economic growth.
With this new investment, InvoiceQ is poised for even greater impact, helping businesses transform their invoicing and payment systems while expanding its reach across the Middle East and beyond.
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