Hesbat

What Hesbat does

Hesabat is a cloud-based online accounting software platform developed and operated by TechFin MMC (Məhdud Məsuliyyətli Cəmiyyəti), an Azerbaijani limited liability company headquartered in Baku at C.Cabbarlı 44, AZ1095. The platform serves micro and small businesses in Azerbaijan with a modular suite covering accounting, bank integration, e-invoicing, and financial reporting. It is positioned as an accessible, localized alternative to incumbent accounting software in the Azerbaijani market, with the interface and compliance built around Azerbaijani tax and reporting requirements.

The technical architecture is a browser-delivered cloud application with mobile distribution via the App Store and Google Play Market. The platform integrates directly with four Azerbaijani banks (AccessBank, Kapazbank, Rabitəbank, and Muganbank) for automated transaction ingestion, and uses ASAN Login, the Azerbaijani government digital identity system, for user authentication. Security is implemented through 256-bit SSL encryption. Functional modules extend from core bookkeeping to e-invoicing and financial reporting, with the platform serving as a system of record for SMB finance teams.

The business model is a self-serve SaaS subscription priced at 29.99 AZN per month or 251.92 AZN per year, with a 14-day free trial. Go-to-market is primarily digital via the Hesabat.az website, supplemented by content marketing through a blog and SEO. The company is small (1–10 employees) and has not disclosed external funding. Named customer logos include Nurgun Şirkətlər Qrupu, Heydər Əliyev Mərkəzi, Group Motors MMC, Təmiz Qaz QSC, Modern Group, and mks.az, which appear to be used as testimonial references rather than enterprise anchors.

Name

Hesbat

Legal name

TechFin Məhdud Məsuliyyətli Cəmiyyəti

Website

https://hesabat.az

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Hesabat is a cloud-based online accounting software platform developed by Baku-based TechFin MMC, serving Azerbaijani micro and small businesses with modular accounting, bank integration, e-invoicing, and financial reporting tools distributed via SaaS subscription.

Ownership category

akta.pro rank

Product category

Cloud Accounting Software

NAICS

Custom Computer Programming Services (541511)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro industry

PRIMARYHDAEAAAN

Database-as-a-Service (DBaaS) Platforms

Hardware, Technology & Telecom/Enterprise Platforms & Databases/Database Management Systems (Relational & NoSQL)

Keywords

• Online accounting software
• Cloud bookkeeping platform
• Small business accounting
• E-invoicing solution
• Financial reporting software

Headquarters

HQ city

Baku

HQ country

Azerbaijan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Subscription - Monthly Plan: Monthly subscription model at 29.99 AZN per month with unlimited users and basic features. Pay-as-you-go billing with credit card payments.
2. Subscription - Annual Plan: Annual subscription at 251.92 AZN (approximately 20.99 AZN per month) offering 30% savings compared to monthly. Includes unlimited users, unlimited e-invoices, and bank integration.
3. Subscription - Standard Plan (Legacy): Legacy pricing: 19.00 AZN per month for two concurrent users (e.g., owner and accountant).
4. Subscription - Large Plan (Legacy): Legacy pricing: 49.00 AZN per month for five concurrent users for a single LLC or individual entrepreneur.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Hesabat.az is a cloud-based online accounting software platform for micro and small businesses in Azerbaijan. It provides functional modules covering sales and purchases, inventory management, bank and cash operations, counterparty settlements, e-invoice generation and sending, and statutory financial reporting compliant with Azerbaijani legislation. The platform integrates directly with Azerbaijani banks and the government ASAN Login authentication system.

Product overview

Hesabat.az is a single cloud-based online accounting platform offered by Techfin MMC. The platform provides a comprehensive suite of accounting tools accessible via web and mobile devices. Key functional modules include sales and purchases management, inventory tracking, bank and cash operations, counterparty settlements, financial reporting, e-invoice generation and sending, and accounting entry management. The platform integrates with Azerbaijani banks for automatic transaction synchronization and offers user role management. Pricing is offered through subscription tiers (Basic at 29.99 AZN/month and Premium at 251.92 AZN/month with annual payment). A 14-day free trial is available for new users.

Differentiator

Problem solved

Functional benefit

Products and services

• Hesabat.az Online Accounting Platform Cloud-based online accounting software for micro and small business entities and individual entrepreneurs in Azerbaijan. Includes modules for purchases, sales, inventory, bank and cash operations, counterparty settlements, e-invoice generation, financial reporting (Profit and Loss, Cash Flow, Capital Changes, Balance Sheet), bank integration, user role management, and management dashboards. Accessible via web browser, desktop, and mobile app.

Quantifiable outcome

• Reduces accountant workload by fulfilling approximately 95% of accountant needs
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature9 records

Partnerships

Five partnerships are on record, tiered core.

• AccessBankcoreTechnology or IntegrationBank partner providing integration services. Bank account transactions are automatically reflected in Hesabat platform and correspondences are executed automatically.
• KapazbankcoreTechnology or IntegrationBank partner providing integration services. Bank account transactions are automatically reflected in Hesabat platform and correspondences are executed automatically.
• RabitəbankcoreTechnology or IntegrationBank partner providing integration services. Bank account transactions are automatically reflected in Hesabat platform and correspondences are executed automatically.
• MuganbankcoreTechnology or IntegrationBank partner providing integration services. Bank account transactions are automatically reflected in Hesabat platform and correspondences are executed automatically.
• ASAN Login (ASAN İmza)coreTechnology or IntegrationGovernment digital identity service integration providing secure login via identification number and digital signature for authentication.

Scale indicators3 records

Recent moves6 records

Expansion highlights8 records

Regional players

• Kolaybi: Turkish SaaS platform providing simple online accounting and business management for small businesses and sole proprietors, with bank integrations and e-document support. Comparable SMB-first accounting product operating in a neighboring regional market.

Direct peers

• Wave Accounting: Cloud-based accounting platform targeting very small businesses and freelancers with invoicing, bank feeds, and accountant-friendly workflows; uses a freemium/PLG model similar to Hesabat. Closest pure PLG analogue among global SMB cloud accounting tools.
• Paraşüt: Turkish cloud-based accounting platform targeting micro and small businesses with e-invoicing, bank integrations, and accountant-friendly workflows. Closest cultural/linguistic analogue to Hesabat and operates in a neighboring market with similar SMB dynamics.
• Mikro Yazılım: Established Turkish provider of accounting and business management software for SMEs, with e-invoicing, bank integrations, and accountant-focused tools. Comparable SMB accounting focus and regional dynamics relevant to Hesabat's Azerbaijani market.

Broad incumbents

• Xero: Global cloud accounting platform for small businesses and their advisors, with strong bank integration and accountant ecosystem. Directly comparable product category to Hesabat with substantially larger scale and geographic reach.
• Sage Business Cloud Accounting: Cloud accounting and ERP suite from Sage targeting small and mid-sized businesses, with invoicing, bank feeds, and accountant collaboration. Comparable SMB cloud accounting functionality within a broader enterprise software portfolio.
• FreshBooks: Cloud accounting and invoicing platform focused on service-based small businesses and self-employed professionals. Comparable SMB self-serve cloud accounting positioning with stronger brand and scale.
• Logo Yazılım: Leading Turkish enterprise and SMB business software provider offering ERP, accounting, and e-invoicing solutions. Comparable accounting/e-invoicing capabilities but as part of a much broader enterprise software portfolio serving CIS-adjacent markets.
• QuickBooks (Intuit): Global cloud accounting leader targeting small businesses and accountants with bank feeds, invoicing, financial reporting, and accountant collaboration. The dominant benchmark for cloud SMB accounting worldwide; relevant as a potential international entrant into Azerbaijan.
• Zoho Books: Cloud-based accounting application for SMBs within Zoho's broader business suite, featuring bank feeds, invoicing, expense tracking, and multi-currency support. Comparable SMB cloud accounting offering and a potential cross-border competitor.

Market position

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/hesabat.az

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hesbat