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Wafeq
Wafeq is an easy-to-use accounting software that empowers SMEs to run their business better
About Wafeq
Wafeq is a comprehensive business management software designed to streamline various business operations for companies at any stage of their growth. The platform serves a diverse range of clients, from startups to established enterprises, across multiple industry sectors. Wafeq operates in the business software market, providing tools for invoicing, payroll, expense claims, inventory management, and financial reporting.
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The business model is based on a subscription service, offering a 14-day free trial to attract new users. The company generates revenue through subscription fees paid by businesses that continue using the platform after the trial period. Wafeq's software allows users to send invoices, manage payroll, handle employee expense claims, and generate over 30 types of financial reports, all from a single platform. The software also includes features like built-in chat for team communication and multi-organization support, making it a versatile tool for business management.
Wafeq's user-friendly interface and extensive permission controls make it easy for businesses to manage access and ensure data security. The platform is trusted by over 7,000 companies and has received positive feedback for its efficiency and comprehensive feature set.
At a glance
- Founded
- 2019
- Headquarters
- Dubai, United Arab Emirates
- Sector
- Fintech
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Series A1 investor entered at this stage
Gary Turner
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Wafeq on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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