Invoice Mate
InvoiceMate is a Dubai-based fintech that uses blockchain verification and AI agents to provide Shariah-compliant invoice financing, loan management, and prefunding liquidity to SMEs, banks, PSPs, and remittance providers across MENA and South Asia.
- Company typePrivate
- Founded2022
- HeadquartersDubai, United Arab Emirates
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Invoice Mate does
InvoiceMate is a Dubai-headquartered fintech that operates a blockchain and AI-powered invoice financing infrastructure built on a Shariah-compliant framework. The company serves two primary customer sets: small and medium enterprises (SMEs) seeking working capital against outstanding invoices, and banks and financial institutions seeking verified, lower-risk SME lending opportunities. As of the most recent data, InvoiceMate reports 2,500+ businesses using the platform, $80M+ in invoices factored, and $500M+ in total invoices processed, alongside $300M+ in insured loan amount through a decentralized credit-insurance mechanism.
The platform combines blockchain-based invoice verification (KYI, or Know Your Invoice) with a multi-agent AI architecture comprising Amigo (onboarding and KYC/KYB), Droog (risk scoring and invoice clustering), and CARA (disbursement navigation). Product extensions include CredMate, a Loan Management System for institutional lenders; PayMate, a prefunding liquidity product for Payment Service Providers, Remittance Service Providers, and OTC desks that has originated 800+ facilities on $640M+ in transaction volume; DeFa, a Decentralized Factoring Protocol for stablecoin disbursement; and an Invoice Management System (IMS) with fraud-checked, blockchain-backed storage. The technology stack spans XDC Network, Stellar, HAQQ, and ZIGChain integrations.
Revenue derives primarily from transaction fees on invoice financing, prefunding spread on PayMate facilities, stablecoin disbursement fees via DeFa, and subscription revenue from the IMS module. Go-to-market is hybrid: direct-to-SME applications via web forms, institutional sales to banks and fintechs, embedded finance partnerships (notably 24SEVEN), and self-serve PayMate onboarding. Pricing is quote-based rather than publicly disclosed. The company is private, founder-led by CEO Muhammad Salman Anjum, and backed by a broad base of strategic and financial investors including Hub71, HAQQ, Stellar, TDeFi, Brinc, and several regional family offices.
Invoice Mate firmographics
Firmographics- Name
- Invoice Mate
- Legal name
- InvoiceMate
- Website
- https://invoicemate.net
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- InvoiceMate is a Dubai-based fintech that uses blockchain verification and AI agents to provide Shariah-compliant invoice financing, loan management, and prefunding liquidity to SMEs, banks, PSPs, and remittance providers across MENA and South Asia.
- Ownership category
- akta.pro rank
Invoice Mate industry classification
Industry- Product category
- Invoice Financing / Fintech Infrastructure
- NAICS
- Sales Financing (52222), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Trade Finance & Supply Chain Tokenization (invoices, bills of lading, provenance) (FSAPAIAK)
- akta.pro secondary industries
- Invoice Trading / Receivables Marketplace (P2P) (FSAKAHAH), Payments, Remittances & Merchant Acceptance (checkout, invoicing, payroll) (FSAPAEAE), E-Invoicing & Invoice Presentment (B2B/B2G) (FSAMAJAF), Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
Keywords
Where Invoice Mate is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices1 record
Markets served
Invoice Mate business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Invoice Financing Fees: InvoiceMate charges fees for facilitating invoice financing between SMEs and financial institutions. The platform enables SMEs to unlock working capital against their invoices while providing verified invoice data to financiers.
- DeFa Stablecoin Disbursements: DeFa protocol enables disbursement of stablecoins for financing tokenized invoices, generating fees from the disbursement and settlement process.
- PayMate Prefunding Services: Provides prefunding facilities against verified settlement receivables for Payment Service Providers and Remittance Service Providers, earning fees from the liquidity provision.
- Invoice Management System (IMS): SaaS-style invoice management platform providing fraud-checked, blockchain-backed invoice storage and management for SMEs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Quote-based financing rates for SMEs |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels8 records
Invoice Mate product offering
Product offeringCore offering
InvoiceMate operates a blockchain and AI-powered invoice financing infrastructure that lets SMEs unlock working capital against verified invoices while enabling banks, fintechs, and payment providers to fund those invoices with AI-driven risk assessment. The platform bundles KYI invoice verification, AI agents (Amigo, Droog, CARA), CredMate LMS, PayMate prefunding, DeFa stablecoin disbursement, and an Invoice Management System on a Shariah-compliant framework.
Product overview
InvoiceMate is a blockchain and AI-powered invoice financing infrastructure operating as a multi-module platform. The core platform combines blockchain transparency with AI-driven efficiency on a Shariah-compliant framework. The product suite includes three AI agents (Amigo for onboarding, Droog for due diligence/risk scoring, and CARA for disbursement navigation), supported by CredMate (Loan Management System), KYI (Know Your Invoice verification), DeFa (stablecoin disbursement layer), PayMate (prefunding for payment providers), and an Invoice Management System (IMS). Financing products include Invoice Financing, PO Financing, and Revenue-Based Financing. Together, these enable SMEs to unlock working capital while allowing financial institutions to finance verified, blockchain-recorded invoices with AI-powered risk assessment.
Differentiator
Problem solved
Functional benefit
Brands
- CredMate: InvoiceMate's loan management system (LMS) that empowers banks and financial institutions to make faster, more accurate lending decisions by combining AI-powered finance analysis with real-time document verification.
- KYI (Know Your Invoice)
- DeFa (Decentralized Factoring Protocol)
- PayMate
- Amigo
- Droog
- CARA
Products and services
- InvoiceMate Platform A blockchain and AI-powered invoice financing infrastructure that empowers SMEs to unlock instant working capital while enabling financial institutions to finance verified invoices with confidence. Built on a Shariah-compliant framework combining blockchain transparency with AI-driven efficiency.
- CredMate (Loan Management System)
Quantifiable outcome
- 0.2% bad debt rate across platform
- +3 more outcomes
Companies that use Invoice Mate
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles3 records
Invoice Mate technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature8 records
Invoice Mate partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- ZIGChaincoreDeFa by InvoiceMate plans to tokenize its invoice financing on ZIGChain, aiming to democratize access to SME financing opportunities globally. This enables retail investors to access previously institutional-only private financing options, leveraging blockchain technology.
- 24SEVENcoreUAE-based embedded finance partnership to revolutionize retail finance through blockchain. InvoiceMate and 24SEVEN look to offer blockchain financing solutions to thousands of UAE-based SMEs.
- XDC NetworkcoreInvoiceMate performed first private credit transaction on XDC Network blockchain using TradeFinex open source web3 standards.
Scale indicators12 records
Recent moves6 records
Expansion highlights6 records
Invoice Mate competitors and assessment
Company assessmentDirect peers
- Goldfinch: Decentralized credit protocol using tokenized receivables for SME lending; comparable to InvoiceMate's DeFa in applying DeFi rails to private SME credit.
- C2FO: Global working capital marketplace connecting businesses with invoice financing; directly comparable to InvoiceMate's core SME invoice financing and factoring business model.
- Fundbox: AI-powered invoice financing platform for small businesses, with automated underwriting — directly comparable to InvoiceMate's Droog-driven AI underwriting and SME focus.
- Peakflo: AI-driven invoice financing and collections platform for SMEs; comparable in product scope (invoice financing + AR automation) and AI-led underwriting approach.
- Centrifuge: Decentralized asset finance protocol that tokenizes real-world assets including invoices — directly comparable to InvoiceMate's DeFa protocol and invoice tokenization thesis.
- BlueVine: Invoice factoring and working capital platform for SMEs; comparable core offering and target customer base as InvoiceMate's invoice financing product.
- Taulia: Supply chain finance and dynamic invoice discounting platform serving corporates and their suppliers; comparable to CredMate's supply chain and invoice financing modules for institutions.
- Komgo: Blockchain-based trade finance platform for commodities and trade flows; directly comparable to InvoiceMate's blockchain-anchored KYI and institutional trade finance positioning.
Broad incumbents
- Bibby Financial Services: Global invoice factoring and SMB financing incumbent operating in 40+ countries; comparable market and product, but as a much larger, established player rather than a niche fintech.
Emerging players
- Tarabut: MENA's leading open banking platform enabling embedded finance; adjacent to InvoiceMate's 24SEVEN embedded finance partnership and shared MENA fintech ecosystem.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Invoice Mate social profiles
Digital presenceInvoice Mate compliance and trust
Trust signalCompliance1 record
Invoice Mate financial estimates
Financial estimateRevenue estimate
Valuation estimate
Invoice Mate leadership team
Management profileNumber of profiles
Profiles8 records
Invoice Mate funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Invoice Mate M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Invoice Mate
What does Invoice Mate do?
InvoiceMate operates a blockchain and AI-powered invoice financing infrastructure that lets SMEs unlock working capital against verified invoices while enabling banks, fintechs, and payment providers to fund those invoices with AI-driven risk assessment. The platform bundles KYI invoice verification, AI agents (Amigo, Droog, CARA), CredMate LMS, PayMate prefunding, DeFa stablecoin disbursement, and an Invoice Management System on a Shariah-compliant framework.
Is Invoice Mate a public or private company?
Invoice Mate is a private company. It is classified as venture growth investor backed and is currently operating.
When was Invoice Mate founded?
Invoice Mate was founded in 2022. It employs 11 to 50 people.
Where is Invoice Mate based?
Invoice Mate is headquartered in Dubai, United Arab Emirates, in the Middle East region.
How does Invoice Mate make money?
Four revenue lines are on record. Invoice Financing Fees are the primary driver. The others are deFa Stablecoin Disbursements, payMate Prefunding Services and invoice Management System (IMS).
Who are Invoice Mate's main competitors?
Direct peers on record are Goldfinch, C2FO, Fundbox, Peakflo, Centrifuge, BlueVine, Taulia and Komgo. Bibby Financial Services is listed as a broad incumbent. Tarabut is listed as an emerging player.
Does Invoice Mate have an API?
No public API is recorded for Invoice Mate.
What industry is Invoice Mate in?
Invoice Mate's product category is Invoice Financing / Fintech Infrastructure. Its primary akta.pro industry code is FSAPAIAK, Trade Finance & Supply Chain Tokenization (invoices, bills of lading, provenance), with a secondary code of FSAKAHAH, Invoice Trading / Receivables Marketplace (P2P). Its NAICS code is 52222 and its SIC code is 6153.