# Qoyod - قيود

> Qoyod is a Riyadh-based cloud accounting and e-invoicing platform built for the Saudi market. Founded in 2016 by Abdullah AlDayel, it lets small and medium businesses issue invoices, track expenses, manage inventory and stay compliant with ZATCA (Fatoora) e-invoicing rules - without needing formal accounting expertise. It bundles accounting, point-of-sale and tax compliance into one Arabic-first, locally hosted system now used by tens of thousands of Saudi businesses.

- **Founded:** 2016
- **Headquarters:** Riyadh, Saudi Arabia
- **Founders:** Abdullah AlDayel (Founder & CEO)
- **Team size:** ~201-500 employees (Apollo record cites 300)
- **Products:** Qoyod Cloud Accounting, ZATCA E-Invoicing (Fatoora), Qoyod POS, Q Flavours, Qoyod Mobile App
- **Notable:** Grew to 25,000+ Saudi businesses and 100,000+ monthly active users, Processes 25M+ accounting transactions per month, Named Best Cloud Accounting Software 2021

## Products & services

- **Qoyod Cloud Accounting** — Web-based accounting system for invoicing, expense and budget management, inventory, and real-time financial reporting, with versions tailored to business owners and to accountants.
- **ZATCA E-Invoicing (Fatoora)** — Phase 2 certified e-invoicing with digital signatures, QR codes, and automated compliance checks before invoices are submitted to Saudi Arabia's tax authority.
- **Qoyod POS** — Point-of-sale system integrated with the accounting ledger and ZATCA e-invoicing for retail and services.
- **Q Flavours** — Restaurant and cafe point-of-sale system built on the Qoyod platform.
- **Qoyod Mobile App** — iOS and Android app for invoicing, expense tracking and business management on the go.
- **Professional Services** — Bookkeeping, VAT/tax filing, account setup and cleanup services delivered by Qoyod's team.

## Achievements

- Grew to 25,000+ Saudi businesses and 100,000+ monthly active users
- Processes 25M+ accounting transactions per month
- Named Best Cloud Accounting Software 2021
- Recognized as one of the Best Places to Work in Saudi Arabia (2021 and 2022)
- Achieved ZATCA Phase 2 e-invoicing certification
- Closed $2.1M Series A led by Merak Capital (2020)

## Latest updates

- **2021-05** — Rolled out ZATCA Phase 2 e-invoicing compliance with digital signatures and QR codes.
- **2020-12** — Closed a $2.1M Series A investment led by Merak Capital.

## Links

- Website: https://qoyod.com
- LinkedIn: https://www.linkedin.com/company/qoyod
- Twitter/X: https://twitter.com/qoyodapp
- YouTube: https://www.youtube.com/channel/UCfuMHRo60rYN0wHeKxz9DsA
- Instagram: https://www.instagram.com/qoyod/
- Facebook: https://facebook.com/qoyod/

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Profile page: https://yespress.io/qoyod
Published by YesPress — https://yespress.io
Last updated: 2026-07-25