Snoonu, a prominent Qatari tech company, has announced its investment in HASIF, a local startup focused on smart accounting and financial compliance solutions for SMEs. The move is part of Snoonu’s Startup Factory initiative, designed to support emerging entrepreneurs in Qatar.
Quick Facts
- Snoonu invests in Qatari startup HASIF.
- HASIF builds AI-powered accounting solutions for SMEs.
- Second investment from the Snoonu Startup Factory.
Fueling Qatar’s Ecosystem Through Startup Factory
The investment in HASIF follows a competitive Startup Factory showcase where local startups pitched solutions to current market challenges. This marks the second company backed by the initiative, reinforcing Snoonu’s strategy to cultivate local innovation.
Snoonu’s first investment through the program was in Sufra AI, signaling a clear commitment to building Qatar’s knowledge-based economy by investing directly in promising local talent and ventures.
HASIF: AI-Powered Accounting for SMEs
Founded by Qatar University graduates Noof Alhbabi, Maryam Eisa, and Dana Alwadaani, HASIF is developing a digital platform to streamline financial management for small and medium-sized enterprises.
The platform uses AI-powered tools and automation to help businesses manage accounting, invoicing, financial reporting, and compliance. It also aims to connect companies with accounting experts, helping them prepare for upcoming VAT and digital compliance regulations in Qatar and the wider region.
About Snoonu Startup Factory
The Snoonu Startup Factory is an initiative aimed at empowering the next generation of entrepreneurs and accelerating innovation in Qatar. The program identifies and invests in emerging local startups that are developing innovative solutions for key business and market challenges.
Source: Zawya
