Wafeq
PrivateLast Round
Series A
Dec 11, 2024
Total Funding Raised
$10.5M
Momentum
Top 50%
of companies Caplight tracks
Company Overview
Wafeq operates in FinTech and is based in Riyadh. Its latest recorded funding round was a Series A round in December 2024.
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, RegTech
Business Model
B2B
Customer Profile
Subscription SaaS
AI Layer
Application
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Wafeq Comparables
Compare Wafeq with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Qoyod | 93% | |
| VoM | 91% | |
| Mazeed | 87% |
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Wafeq Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series A | Dec 11, 2024 | ||||
| Seed | Jan 25, 2023 |
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Key People
Founding team and executive leadership
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Wafeq Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Wamda Capital | Seed, Series A |
| Raed Ventures | Series A, Seed |
| BNVT Capital | Series 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.
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Recent news
Latest coverage and updates
- recognized_asSep 9, 2026
On Sep 9th '26 in United Arab Emirates, the Ministry of Finance lists Wafeq as a Pre-Approved Service Provider for e-invoicing, while Wafeq moves through final accreditation assessment.
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Wafeq Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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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, so its shares have no public market price. Caplight tracks Wafeq's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
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.
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 in Wafeq's shares on secondary markets.