HomeUAE Fintech Wafeq Raises $7.5 Mn Series A Funding Round
UAE Fintech Wafeq Raises $7.5 Mn Series A Funding Round
Wafeq, a modern and easy-to-use accounting platform, today announced the completion of its $7.5 million Series A funding round (SAR 28 million). This investment brings together globally renowned accounting software investors and executives, including 9900 Capital’s Managing Partner Chris Corbishley, who led the round and previously invested in Pennylane, France’s unicorn accounting platform, and Payhawk, another European unicorn in the financial planning and spending management space. Individual investor Gary Turner, who established and led the Europe, Middle East & Africa operations of Xero, one of the largest accounting software companies in the world, also participated. Existing investors Raed Ventures and Wamda Capital reaffirmed their support for Wafeq by participating in this round.
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