Pi Flow successfully close first round of funding

Pi Flow, the digital outsourced accounting company that helps startups businesses track their success by providing them bookkeeping services for their financial transactions, has successfully raised funds by a group of angel investors along with Saudi Venture Capital Company (SVC). The newly raised fund will be used to improve technology, optimize operations, and meet demands.

Moreover, Pi Flow acts as your virtual accountant with professional bookkeeping services, VAT reporting, and financial reports for rapid growth.

Commenting on the fund-raising announcement, Mohammad Alraddadi, the co-founder & COO of Pi Flow said, “This investment will help develop the technology to accelerate the operations. Our target is to expand and cover the whole MENA region”.

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Pi Flow targets entrepreneurs, small and startup businesses with cost-effective plans to manage their bookkeeping effortlessly without the need for an independent accountant.

Waleed Merdad, Co-founder & CEO of Pi Flow, added, “Our mission is to support the startups. In one of the previous companies I was part of, I realized that bookkeeping is always neglected in the early stage. To me, numbers always tell the real story. You can know the detailed picture of your business if you have accurate, reliable, and accessible financial data. Our promise to clients and business owners is to have these reports monthly for 1,500 SR! “

Some of Pi Flow's clients who had used their services, witnessed a huge difference, and removed a massive burden for a successful start with accurate books and professional support. The company understands startups and loves to be part of their success by providing competitive prices with a precise overview of their financial data.

Are you a startup looking for investment? Apply for funding to 85+ investors now.

Fintech continues to grow exponentially in Saudi Arabia, with the Kingdom's market expected to reach transaction values of over USD 33 billion by 2023! Access more trends and data in the recently launched Fintech Saudi Annual Report 2019 - 2020.