How Did Qoyod Begin?
Abdullah Al-Dayel tells the story of how Qoyod came to be, from the first idea to building a complete accounting system that serves thousands of businesses across the region. He talks about the gap he saw in the market: the absence of a true Arabic cloud accounting solution that understands the needs of local businesses and the requirements of regulators such as the Zakat, Tax and Customs Authority.
The Challenges of Building a Fintech Company
The two guests discuss the most prominent challenges they faced along the way: from the difficulty of building customer trust in the early days, to the technical challenges of complying with e-invoicing regulations, all the way to the challenges of scaling and building teams.
Key Topics of the Conversation
- The journey of founding Qoyod and its main milestones, from idea to market leadership
- The role of fintech in empowering small and medium enterprises
- How ZATCA requirements shaped the product’s evolution
- Balancing speed of innovation with stability of service
- The founders’ vision for the future of fintech in the Kingdom
- Advice for entrepreneurs aspiring to build fintech companies
Why Listen to This Episode?
If you are a business owner, an accountant, or an entrepreneur in the financial sector, this episode offers you genuine, practical insights from two people who lived the experience of building a successful fintech company from scratch, in a shifting regulatory environment and a maturing market.
