Emerging UAE Accounting Startups Revolutionizing Financial Services in Asia

January 3, 2024

The United Arab Emirates (UAE) continues to foster an innovation-friendly ecosystem for startups in multiple sectors, including the Accounting industry. Accounting firms in the UAE embrace new technologies to meet evolving rules and regulations, tax laws, and market demands. With an increasing need for updating accounting and financial practices, innovative new startups in the UAE have emerged to offer more sophisticated, tech-powered services. From artificial intelligence-driven accounting platforms to customer-centric software solutions, we have put together a list of impressive accounting startups founded in 2020 and beyond, headquartered in the UAE.

These startups are transforming the accounting landscape with innovative approaches and forward-thinking services, streamlining operations for businesses across the region. They provide a comprehensive suite of services such as audit and assurance, tax advisory, VAT & excise tax services, account maintenance, financial planning and much more. Their services extend far beyond the conventional, incorporating technological tools and software solutions geared towards optimizing business operations and financial health.

While adapting to the new ways of working in the post-Covid era, these startups are also helping clients manage financial complexities with user-friendly software and customized solutions. Let’s dive in to learn more about these firms and how they are paving the way for the future of accounting with their disruptive and transformative business models.

Xact Auditing of Accounts

Xact Auditing of Accounts is a Dubai-based integrated and independent auditing firm specialized in audit, accounting, VAT, excise tax, and tax advisory services. Possessing an incredible understanding of the UAE’s business environment, their team of professional auditors and accountants are committed to delivering excellence and quality in their services. Follow Xact Auditing on their Facebook, Twitter, and LinkedIn pages for more updates.

DigiFoodEx

DigiFoodEx, located in Deira, Dubai, operates within the accounting, enterprise software, food delivery, and software industries. While the founders of the company remain anonymous, the organization has been making strides since its inception. Follow them on Facebook, Twitter, and Linkedin.

The Accounter

Found by Fadi Elghattis, The Accounter is a Dubai-based startup serving the accounting, fintech, information technology, and mobile apps sectors. With their revolutionary app, users only need to upload pictures of their bills/ invoices and the AI system handles the rest. The company’s goal is to become the premier mobile app for accounting solutions targeting startups, micro, and small companies. Keep up with The Accounter on their LinkedIn page.

Qashio

Founded by Armin Moradi and Jonathon Lau, Qashio is a spend management platform that allows users to monitor costs, make payments with app credit cards, and manage payables. Companies can track usage, analyze and report spending all in real-time. They also offer services to create physical or virtual cards, enhance approval layers, and verify spending. Follow Qashio on Facebook and LinkedIn for more updates.

Paci ai

Paci.ai is a unified financial management solution that lets SMB’s and startups manage their accounting, banking, expenses, payments, and taxes more effectively. The firm helps users gain real-time performance insights and smarter cash flow & spend management. Follow their updates on Facebook and LinkedIn.

Pemo

Pemo, an all-in-one spend management solution, empowers your business by packing every company invoice, expense, approval, and spending decision into one powerful platform. They offer smart corporate cards, invoice payment systems, and expense tracking functions, among other features. Keep up with Pemo on Twitter and LinkedIn.

MNA Business Solutions

MNA Business Solutions provides comprehensive financial solutions for small and medium-sized businesses. Their services include business advisory, accounting, tax planning and compliance, financial reporting, and more. The team leverages technology to streamline their processes and improve the accuracy and efficiency of their services. Get more information about MNA Business Solutions on Facebook, Twitter, and LinkedIn.

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