Saudi Arabia’s Pi Flow successfully raises funds

Funding News

Pi Flow, the digital outsourced accounting company that offers bookkeeping services to startups and SMEs announced that it 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 and optimize its operations to meet the growing demand for its services.

Mohammad Alraddadi, 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”.

Pi Flow targets entrepreneurs, small and startup businesses with cost-effective plans to manage their bookkeeping, VAT reporting, and financial reports 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.

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