Qoyod
- Company typePrivate
- Founded2015
- HeadquartersRiyadh, Saudi Arabia
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
Qoyod firmographics
Firmographics- Name
- Qoyod
- Legal name
- Automated Cloud for Communications and Information Technology Company
- Website
- https://qoyod.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Where Qoyod is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices1 record
Markets served
Qoyod business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Subscription SaaS: Monthly or annual subscription fees for cloud accounting software. Two editions: for business owners and for accountants. 14-day free trial with no credit card required.
- Professional Services: Bookkeeping, VAT filing, accounting setup, and books cleanup services delivered through SOCPA-certified partner accounting firms.
- Q.Flavours (Restaurant POS): Cloud-based POS system designed for restaurants and cafes, acquired through Flavours acquisition.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Business Owners Edition - Core accounting for non-accountant business owners |
| Subscription | Monthly | Accountants Edition - Portfolio management for accounting professionals |
| Subscription | Annual | Enterprise Package - Complete solution for large organizations |
| Other | Monthly | Affiliate Program - 50% revenue share for partners |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
Qoyod product offering
Product offeringCore offering
Qoyod provides a cloud-based accounting SaaS platform with native ZATCA Phase 2 e-invoicing compliance for Saudi Arabian SMEs. Its offering spans two core accounting editions (for business owners and for professional accountants), integrated point-of-sale systems for retail and restaurants (Qoyod POS and Q.Flavours), a mobile app, and professional bookkeeping/VAT/setup services delivered through SOCPA-certified partner firms.
Product overview
Qoyod offers a cloud-based accounting platform with two core editions for business owners and professional accountants, complemented by specialized Point of Sale systems for retail (Qoyod POS) and restaurants (Q.Flavours, acquired from Flavours). The platform integrates accounting, e-invoicing, and inventory management in a unified system. Professional services add-on modules include bookkeeping, VAT filing, accounting setup, and accounts clean-up—delivered by SOCPA-certified partner firms. The ecosystem is accessible via web, mobile app (iOS/Android/Huawei), and extensive third-party integrations with e-commerce platforms, payment gateways, and business tools.
Differentiator
Problem solved
Functional benefit
Brands
- Flavours: A POS system and restaurant operations management platform acquired by Qoyod for managing commercial establishments and restaurants in Saudi Arabia.
Products and services
- Qoyod for Business Owners Cloud accounting platform for business owners providing real-time financial visibility, automatic journal entries from every transaction, ZATCA-compliant invoicing, multi-branch management, automated tax calculations, recurring invoices, bank reconciliation, and POS integration.
- Qoyod for Accountants Cloud accounting platform for professional accountants and accounting firms to manage entire client portfolios. Includes reusable manual journal entry templates, one-click month-end close, per-client permissions, real-time reports, and ZATCA Phase 2 e-invoicing compliance.
- Qoyod Point of Sale ZATCA-ready cloud-based POS system for retail stores. Connects every sale directly to accounting with real-time inventory tracking, multi-cashier management, and compliant e-invoicing. Works offline temporarily and syncs when connectivity returns.
- Q.Flavours (Restaurant POS) Cloud-based restaurant POS and management system acquired from Flavours. Designed for restaurants and cafés with table management, kitchen display, digital menus, and integrated inventory management. Natively integrated with Qoyod accounting and ZATCA-compliant e-invoicing.
- Qoyod Mobile App Mobile application for iOS, Android, and Huawei devices enabling users to issue invoices, manage customers, track inventory, and view financial reports from anywhere. Real-time sync with web account; works offline temporarily.
- Bookkeeping Service Remote bookkeeping service delivered by SOCPA-certified accounting firms. Accountants record monthly transactions per accounting standards, prepare financial reports, perform bank reconciliation, and deliver monthly financial statements.
- VAT Filing Service VAT return review and filing service by SOCPA-certified firms. Reviews return data for accuracy, verifies tax calculations, and files returns with ZATCA on behalf of businesses before deadlines.
- Accounting Setup Service Chart of accounts setup service delivered by partner accounting firm accountants. Configures business-specific account structure and activates it in Qoyod in a single 4-hour session, on-site or online.
- Accounts Clean-Up Service Review and correction of historical accounting books by SOCPA-licensed firms. Identifies missing transactions, corrects entries, and provides organized books with certified trial balance before transitioning to ongoing bookkeeping.
Quantifiable outcome
- 60% faster month-end close for accounting firms managing client portfolios
- +5 more outcomes
Companies that use Qoyod
Customer profileNamed customers10 records
Segments12 records
Ideal customer profiles3 records
Qoyod technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
AI capability4 records
Feature9 records
Qoyod partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- FlavourscoreAcquisition of Flavours, a POS platform specializing in restaurant operations management. This transaction consolidates accounting solutions, sales management, POS systems, and financial performance tracking into a single platform for restaurants and commercial establishments in Saudi Arabia. The acquisition supports Flavours' transformation into a comprehensive business ecosystem while strengthening Qoyod's presence in the Saudi market.
- HyperPaycorePayment gateway integration via Webhooks. Every HyperPay payment automatically creates an invoice settlement and bank entry in Qoyod, with gateway fees logged as separate expenses. Supports multi-currency payments with automatic conversion. ZATCA Phase 2 compliant.
- SallacoreE-commerce platform integration. Salla merchants can sync their online store with Qoyod accounting for automatic sales recording and inventory management.
- ZidcoreE-commerce platform integration. Zid online store merchants can integrate with Qoyod for seamless accounting and e-invoicing.
- ZATCA (Zakat, Tax and Customs Authority)coreRegulatory integration with ZATCA Fatoora platform for Phase 2 e-invoicing. Every invoice is digitally signed and submitted automatically per regulatory requirements. Certified provider status.
- SOCPA-Certified Partner FirmscoreNetwork of accounting and audit firms certified by Saudi Organization for Chartered Professional Accountants (SOCPA) delivering bookkeeping, VAT filing, setup, and clean-up services. Quality assurance through professional certification requirements.
- Affiliate PartnersminorMarketing affiliates earning 50% revenue share for referring new customers. Cookies last 90 days for attribution. Commission earned after customer's first 30 days of subscription.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Qoyod competitors and assessment
Company assessmentDirect peers
- Wafeq: Wafeq is a UAE- and Saudi-focused cloud accounting SaaS for SMBs, offering ZATCA-ready e-invoicing, bookkeeping, and VAT filing. It is the most direct functional and geographic competitor to Qoyod in the Gulf SMB accounting market.
- Foodics: Foodics is a leading Saudi cloud-based POS and restaurant management platform serving F&B businesses across MENA. It is highly relevant post-Qoyod's Flavours acquisition, as both companies now compete in Saudi restaurant POS and back-office software.
- Zoho Books: Zoho Books is a global cloud accounting solution for SMBs with invoicing, expense tracking, bank reconciliation, and multi-currency support. It competes with Qoyod on cloud accounting features and could be a localization play for Saudi SMBs.
- FreshBooks: FreshBooks is a cloud accounting platform for small businesses, freelancers, and service-based firms. It is a direct functional peer in SMB cloud accounting with invoicing, expense management, and reporting capabilities.
Broad incumbents
- Xero: Xero is a global cloud accounting platform for SMBs and accountants with a strong app marketplace. It represents a credible global incumbent that could expand more aggressively into MENA and challenge Qoyod's local positioning.
- QuickBooks (Intuit): QuickBooks is the dominant global SMB accounting platform, offering cloud accounting, payroll, payments, and tax. Its scale, ecosystem, and brand make it a key incumbent benchmark and a potential long-term competitive threat in MENA.
- Odoo: Odoo is an open-source ERP suite that includes accounting, POS, inventory, and e-invoicing modules. It is a broad incumbent that competes with Qoyod on integrated SMB back-office functionality, particularly through its POS and accounting stack.
- Sage: Sage is an established global provider of accounting, payroll, and ERP software for SMBs and mid-market firms. It is a broad incumbent competing in the same SMB accounting category as Qoyod, with deeper enterprise reach.
- Microsoft Dynamics 365 Business Central: Dynamics 365 Business Central is a cloud ERP from Microsoft that includes accounting, financial reporting, and operations modules. It is a broad incumbent relevant to Qoyod's enterprise tier and to Saudi mid-market accounts that may outgrow Qoyod.
Emerging players
- Tally Solutions: Tally is a long-standing accounting and compliance software widely used by SMBs in emerging markets, including parts of MENA. It represents an emerging-market-focused peer relevant to Qoyod's price-sensitive SMB base and regulatory-led value proposition.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Qoyod social profiles
Digital presenceQoyod compliance and trust
Trust signalCompliance3 records
Qoyod financial estimates
Financial estimateRevenue estimate
Valuation estimate
Qoyod leadership team
Management profileNumber of profiles
Profiles6 records
Qoyod subsidiaries and ownership
Company hierarchySubsidiaries1 record
Qoyod funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Qoyod M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Qoyod
What does Qoyod do?
Qoyod provides a cloud-based accounting SaaS platform with native ZATCA Phase 2 e-invoicing compliance for Saudi Arabian SMEs. Its offering spans two core accounting editions (for business owners and for professional accountants), integrated point-of-sale systems for retail and restaurants (Qoyod POS and Q.Flavours), a mobile app, and professional bookkeeping/VAT/setup services delivered through SOCPA-certified partner firms.
Is Qoyod a public or private company?
Qoyod is a private company. It is classified as venture growth investor backed and is currently operating.
When was Qoyod founded?
Qoyod was founded in 2015. It employs 101 to 250 people.
Where is Qoyod based?
Qoyod is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does Qoyod make money?
Three revenue lines are on record. Subscription SaaS are the primary driver. The others are professional Services and Q.Flavours (Restaurant POS).
Who are Qoyod's main competitors?
Direct peers on record are Wafeq, Foodics, Zoho Books and FreshBooks. Broad incumbents are Xero, QuickBooks (Intuit), Odoo, Sage and Microsoft Dynamics 365 Business Central. Tally Solutions is listed as an emerging player.
Does Qoyod have an API?
Yes. Qoyod offers an open API for custom integrations with internal ERP/CRM systems, enabling automation of business operations. The API supports webhook-based integrations (as demonstrated by the HyperPay payment integration). Developers can access API documentation at apidoc.qoyod.com for building custom integrations. Developer documentation is at apidoc.qoyod.com.