KFED partners with The Accounter to offer accounting & financial services for SMEs

By Arya M Nair, Official Reporter
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Khalifa Fund_The Accounter MoU
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Khalifa Fund for Enterprise Development (KFED) has signed a Memorandum of Understanding (MoU) with The Accounter, a UAE-based entity specializing in providing accounting and taxation solutions to SMEs via its innovative mobile and web app solution.

The partnership aims to support Khalifa Fund entrepreneurs by offering them access to accounting and financial services, helping them grow and be in control of their financials.

SMEs will benefit from The Accounter’s efficient and instant services, which are offered through its smart mobile and web app with instant reflection on financial reports and easy communication on the document level. The users of the app are simply requested to upload pictures of their bills, with very minimal input allowing the platform to take off the rest.

This innovative platform offers its services through cost-saving options, with free subscriptions for less active businesses and a minimal subscription amount starting at only $40.84 per month for active businesses. Additionally, companies registered in Khalifa Fund will receive a special rate, further supporting their financial management needs.

Alia Al Mazrouei_KFED & The Accounter Financial service MoU
Alia Al Mazrouei
CEO – Khalifa Fund

“We are delighted to partner with The Accounter to provide industry-leading accounting and financial solutions to the SMEs and entrepreneurs supported by Khalifa Fund. This partnership will further empower UAE entrepreneurs by simplifying their accounting processes, helping them make informed decisions, and ensuring compliance with UAE’s regulatory requirements.”

Mr. Fadi Elghattis, CEO and Founder of The Accounter, stated that “We at The Accounter are thrilled to announce our new partnership with Khalifa Fund. This collaboration represents an exciting opportunity to better serve the needs of SMEs and entrepreneurs in optimizing their accounting processes most simply and affordably possible. We believe that this partnership will provide Khalifa Fund members with the tools and support they need to succeed in today’s competitive business landscape. Our team looks forward to working closely with Khalifa Fund to deliver innovative solutions that help our clients achieve their financial goals.”

The platform also creates an additional source of income for accountants. The platform has already generated data based on 100,000 documents received from customers, showcasing its efficiency and effectiveness in serving SMEs.

The partnership between Khalifa Fund and The Accounter highlights Khalifa Fund’s commitment to supporting SMEs in the UAE by providing them with accessible and affordable accounting and financial solutions, empowering them to grow and succeed in the competitive business landscape.

Related: Khalifa Fund supports 2 UAE businesses at ‘Make it in the Emirates Forum’