PiFlow

Saudi outsourced accounting firm (باي فلو) providing bookkeeping, VAT and tax reporting to small and mid-sized businesses.

Industry: Accounting and tax technology | Location: Riyadh, Saudi Arabia

About PiFlow

PiFlow (Pi Flow, باي فلو المحاسبية) is a Saudi accounting services company that provides a dedicated team to handle bookkeeping, monthly financial reporting, tax returns and VAT filings for startups and small and medium-sized businesses. Rather than hiring a single accountant, clients get a full team of specialists on subscription packages that can be customised.

The onboarding process has three steps: book a free diagnostic session, choose a package, then upload data through the company's app so the team can process it and return periodic reports. Services include monthly financial reports, support with e-invoicing compliance, and filing of financial statements on the Qawaem platform, which the company positions as a way to avoid penalties. The site also publishes free guides on filing financial statements, tax returns, VAT and e-invoicing.

The company was founded by Waleed Merdad, who is CEO, with Muhammad Alradadi as co-founder and CFO. The site says Alradadi has about ten years of experience in financial management and strategy. PiFlow states that Seedstars ranked it among the top ten startups in Saudi Arabia in 2020. A strip of client logos appears on the homepage without names.

No funding rounds, founding year or headcount are published on the site.

Leadership