Qatar-based accounting SaaS platform HASIF has received investment from Snoonu through its Startup Factory Initiative. The amount of the investment was not disclosed.
The investment came after the Startup Factory competition and showcase held last week. During the event, new startups presented their ideas and solutions to different business and market problems.
The showcase gave emerging companies a chance to display their products and connect with investors and industry leaders.
HASIF was founded by Qatar University graduates and entrepreneurs Noof Alhbabi, Maryam Eisa, and Dana Alwadaani. The company is developing an AI-powered digital platform for small and medium-sized businesses (SMEs).
The platform helps businesses manage accounting, invoicing, financial reports, and compliance tasks more easily and efficiently.
The platform uses automation tools and AI features to make accounting work easier for businesses. It also connects companies with accounting experts for additional support.
The company is also helping businesses prepare for future VAT rules and digital compliance requirements in Qatar and other regional markets.
This investment is the second startup investment made through Snoonu’s Startup Factory initiative. Earlier, Snoonu had also invested in Sufra AI.
According to the company, this investment is part of Snoonu’s long-term plan to support local innovation, invest in talented founders, and help grow Qatar’s startup and knowledge-based economy.
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