VoM is a Riyadh-based cloud accounting and e-invoicing platform founded in late 2020 that helps small companies and individuals manage their financial data without the need for a full-time professional accountant. The platform offers features including linking clients to POS across locations, direct e-commerce integration, cloud security, generation of financial reports, tax calculation, and issuing exchanges. VoM’s stated aim is to provide the “Value of Money” by simplifying accounting tasks so non-accountants can run their businesses. The company announced a $670K (2.5M SAR) Pre-Seed funding round led by a group of angel investors. Management said the investor support will help the company meet accounting requirements and organize customer data efficiently. The product is positioned to support Saudi Arabia’s General Authority for Zakat and Tax (GAZT) electronic invoicing mandate, which the article notes will be imposed on commercial establishments by December 2021.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2021