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How Qoyod CEO Abdullah Aldayel grew to $12M revenue with a 221 person team in 2024.

Provider of an online accounting and invoicing software intended to raise relevant competencies with productivity tools in order to ensure continuity and competition. The company's software offers services like the issue of purchase orders, stock management, point of sales service, API service, in addition to features of powers and approvals management by users regarding all transactions and reports available in the system which support the different operating systems, enabling start-up businesses and small to medium enterprises to have access to a wide range of packages and utilize the available accounting services offered by the platform, on a monthly or annual basis.

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Qoyod Revenue

In 2024, Qoyod's revenue reached $12M. The company previously reported $6.1M in 2023. Since its launch in 2016, Qoyod has shown consistent revenue growth.

Qoyod Revenue GrowthReported revenue / ARR over time$0$3M$6M$9M$12M$15M201620172018201920202021202220232024$0$2.3M$6.1M$12MSource: GetLatka.com
YearMilestoneQuote
2024Qoyod Hit $12m revenue in October 2024
2023Qoyod Hit $6.1m revenue in December 2023
2021Qoyod Hit $2.3m revenue in April 2021
2016Launched with $0 revenue

Qoyod Valuation, Funding Rounds

Qoyod is a bootstrapped Other Collaboration Software startup. Founded in 2016, Qoyod has grown to $12M in revenue without raising any venture capital or outside funding.

As a self-funded Other Collaboration Software SaaS company, Qoyod has built its business with no outside investment.

Qoyod Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$0.2$0.2$0.4$0.4$0.6$0.6$0.8$0.8$1$12016Source: GetLatka.com
YearRoundAmountValuation% SoldQuote

Founder / CEO

Abdullah Aldayel

CEO

Founder & CEO at Qoyod.

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Customers

We do not have customer count information for Qoyod yet.

Qoyod Employees & Team Size

Qoyod employs approximately 221 people as of 2026, up from 147 in 2023, including 1 sales reps that carry a quota.

Qoyod Team GrowthReported headcount over time05010015020025020162017201820192020202120222023202400221221Source: GetLatka.com
YearMilestone
2024Reached 221 employees (December 2024)
2024Reached 147 employees (October 2024)
2023Reached 147 employees (December 2023)
2022Reached 90 employees (December 2022)
2021Reached 66 employees (December 2021)
2021Reached 27 employees (April 2021)

Frequently Asked Questions about Qoyod

What is Qoyod's revenue?

Qoyod generates an estimated $12M in annual revenue.

Who founded Qoyod?

Qoyod was founded by Abdullah Aldayel.

Who is the CEO of Qoyod?

The CEO of Qoyod is Abdullah Aldayel.

How much funding does Qoyod have?

Qoyod is bootstrapped and has not raised outside funding.

How many employees does Qoyod have?

Qoyod has 221 employees.

Where is Qoyod headquarters?

Qoyod is headquartered in Riyadh, Saudi Arabia.

Compare Qoyod to the industry

Qoyod operates across multiple industries. Browse revenue, funding, and growth data for Qoyod in each sector below.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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