Ahli Fintech, the wholly-owned subsidiary of Jordan Ahli Bank, has announced a strategic partnership with InvoiceQ, one of its own portfolio companies. The deal will provide other startups backed by Ahli Fintech with preferential pricing for InvoiceQ’s e-invoicing and payment collection solutions.
Quick Facts
- Partnership provides discounted e-invoicing for portfolio startups.
- InvoiceQ is an early Ahli Fintech-backed company.
- The platform serves startups in seven MENA markets.
A Full-Circle Ecosystem Play
Under the new agreement, companies within Ahli Fintech’s portfolio will gain access to InvoiceQ’s suite of services at favorable rates. This move is designed to equip startups with regional ambitions with scalable and compliant tools for managing invoicing and payments as they grow.
The partnership highlights a unique “give-back” model within Jordan’s tech ecosystem. InvoiceQ received early support from Ahli Fintech through its pre-seed accelerator program, which helped it expand from a local startup into a regional fintech player. Now, InvoiceQ is leveraging its success to support the next wave of startups emerging from the same investment portfolio, creating a cycle of shared growth.
Beyond Funding: Building Collaborative Growth
This collaboration underscores Ahli Fintech’s strategy of providing value that extends beyond capital investment. By fostering cooperation among its portfolio companies, the venture firm aims to build a more interconnected and resilient startup environment.
“The InvoiceQ story is a model of what we hoped to achieve when we established Ahli Fintech,” said Ghassan Al-Masher, CEO of Ahli Fintech. “We supported the company from its earliest days, and today we see it contributing to the support of other startups within our ecosystem, a clear embodiment of the importance and impact of shared prosperity. This partnership also confirms our belief that a thriving entrepreneurial environment is built on collaboration.”
The sentiment was echoed by InvoiceQ’s leadership, who credit the early support as crucial to their expansion. The company now operates in Jordan, Saudi Arabia, the UAE, Oman, Qatar, Morocco, and Egypt.
“Ahli Fintech’s support was pivotal in InvoiceQ’s journey from an early-stage startup to a platform serving thousands of clients in regional markets,” stated Muhannad Toubel, Co-founder and CEO of InvoiceQ. “We are proud today to give back to the ecosystem that contributed to our success. Through this partnership, we look forward to simplifying invoice management, collection, and regulatory compliance for startups as they expand across the region.”
About Ahli Fintech
Ahli Fintech is the venture capital and innovation arm of Jordan Ahli Bank. It invests in and accelerates the growth of startups in the financial technology sector, providing funding, mentorship, and strategic support to foster a vibrant regional ecosystem.
About InvoiceQ
InvoiceQ is a regional e-invoicing platform that simplifies billing and payment collection for businesses. The platform ensures compliance with tax authority requirements in multiple markets and integrates with payment gateways through automated processes.
Source: Al Awal News
