InvoiceQ

Name: InvoiceQ
Brand: InvoiceQ For Information Technology Limited
SKU: 6400ef52bb4cef5074cbd99e
Rating: 3.6 (45 reviews)

Overview of InvoiceQ Software Company

InvoiceQ is a Jordan-headquartered SaaS (Software as a Service) company specializing in electronic invoicing (e-invoicing) and system integration solutions. Founded in 2020, the company provides a fully digital invoicing platform designed to replace paper-based and manual invoicing processes for businesses of all sizes. Its platform is deeply focused on regulatory compliance — particularly with ZATCA (Saudi Arabia's Zakat, Tax and Customs Authority) and ISTD (Jordan's Income and Sales Tax Department) — positioning itself as a trusted compliance partner in the MENA region

Founding and Growth

InvoiceQ was founded in 2020 by four co-founders who brought together more than 50 years of combined experience in technology, finance, and business operations

Muhannad Tobal — Chief Executive Officer (CEO), with over 11 years of experience in financial analytics and accounting

Fadi Al-Jabali — Co-Founder and Chief Technology Officer (CTO)

Amer Ayyad — Co-Founder and Chief Operating Officer (COO), with extensive experience in FinTech

Mohammad Baseet — Co-Founder and General Manager

Funding and Valuation

InvoiceQ has raised a total of approximately $1.64 million to $2.46 million across several funding rounds, depending on the source of record-keeping. The funding journey breaks down as follows:

Pre-Seed / First Round (January 2022) — Raised 190K∗∗ininitialfunding.Thecompanyhadpreviouslysecuredaround∗∗190K∗∗ininitialfunding.Thecompanyhadpreviouslysecuredaround∗∗440K+ through an accelerator program led by Ahli FinTech, which also made a follow-on investment.
Seed Round (2022) — Ahli FinTech doubled down with an additional $250K follow-on investment.
Pre-Series A (December 2024) — Raised $1.2 million in a round backed by Oasis 500, Orange VC (the venture arm of Orange telecom), Flat6Labs, Natej Soft, Propeller (Amman), and several angel investors

Product Offerings and Features

InvoiceQ offers a cloud-based, fully electronic invoicing platform with a comprehensive feature set:

E-Invoicing Engine — Fully digital invoice generation and delivery, supporting both B2B and B2C transactions.

ZATCA Compliance (Saudi Arabia) — The system is officially qualified by ZATCA for both Phase 1 and Phase 2 compliance, including integration with ZATCA's platform for real-time reporting and clearance.

ISTD Integration (Jordan) — Certified connectivity with Jordan's Income and Sales Tax Department for local compliance.

ERP, POS, and Accounting System Integration — Flexible integration models, including API-based connections, enabling compatibility with various ERP systems, point-of-sale (POS) systems, and accounting software. InvoiceQ offers four distinct POS integration models.

AI-Powered Invoice Translation — An innovative feature that breaks language barriers by translating invoices to and from Arabic with a single.

InvoiceQ

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