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Wafeq

Wafeq

Private

Last Round

Series A

Dec 11, 2024

Total Funding Raised

$10.5M

Momentum

Top 25%

of companies Caplight tracks

Company Overview

Wafeq is a financial software company providing a SaaS-based accounting and e-invoicing platform designed for small and medium-sized businesses in the Middle East.

Sector

FinTech

Verticals

Accounting & Expense, Compliance, Vertical SaaS

Business Model

B2B

Customer Profile

Subscription SaaS

AI Layer

Application

Keywords

cloud accountingaccounting softwaree-invoicingZATCA compliancetax complianceSaaS accountingbookkeeping automationAPIfinancial managementOCRaccounting automationfintechaccounting techtax techdigital bookkeeping

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Wafeq Comparables

Compare Wafeq with similar companies based on industry and business-model similarity.

Wafeq comparables — related companies by embedding similarity
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Qoyod
93%
VoM
91%
Mazeed
87%

Wafeq Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series ADec 11, 2024
SeedJan 25, 2023

Key People

Founding team and executive leadership

Nadim Alameddine

CEO Founder

Founding Team

Ziad Bizri

Chief Technology Officer

Executive Team

Wafeq Investors

Notable investors and investment history

Wafeq investors
InvestorRounds
Wamda CapitalSeed, Series A
Raed VenturesSeries A, Seed
BNVT CapitalSeries A

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jul 20, 2026

    Open roles increased to 36, 3.2x the trailing average.

  • Jul 6, 2026

    Open roles increased from 0 to 22, representing 24% of headcount.

Recent news

Latest coverage and updates

  • recognized_asSep 9, 2026

    Wafeq recognized as Pre-Approved Service Provider for UAE E-Invoicing on Sep 9th '26.

Wafeq Filings

Explore SEC and related filing metadata, where available.

Wafeq filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about Wafeq's valuation, stock price, and market status.

Is Wafeq a public or private company?

Wafeq is a private company.

What is the current stock price of Wafeq?

Wafeq is a private company with no public stock price. No recent secondary market data is available.

How much is Wafeq worth (valuation)?

Valuation information for Wafeq is not publicly available.

Can I buy Wafeq stock?

Wafeq shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was Wafeq's last funding round?

Wafeq's most recent funding round was Series A on December 11, 2024.

Who are the main investors in Wafeq?

Key investors in Wafeq include Raed Ventures, BNVT Capital.

Will Wafeq IPO soon?

No public IPO plans have been announced for Wafeq.

How can I track Wafeq secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Wafeq's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersRiyadh
Employee Range60
Year Founded2019
Last FundingDec 11, 2024

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