FINVISE ARABIA — PRESS KIT Riyadh, Kingdom of Saudi Arabia Status: Pre-launch / early access ------------------------------------------------------------ MISSION ------------------------------------------------------------ Finvise Arabia is building an AI-native financial reconciliation and ZATCA e-invoicing compliance platform for Saudi SMEs. Our mission is to give Saudi SMEs their time back — automatically — by replacing manual reconciliation and compliance work with one compliance engine. ------------------------------------------------------------ THE PROBLEM ------------------------------------------------------------ - Saudi Arabia hosts 1.3M+ SMEs. Most still run their finances on spreadsheets and guesswork. (Source: Monsha'at, Q4 2023 SME Report) - Disconnected POS systems, Mada and delivery-payment reconciliations that don't line up, and ZATCA Phase 2 deadlines that don't wait. - The result: tax penalties, financial statements nobody fully trusts, and no real answer to "how much cash do we actually have today?" ------------------------------------------------------------ ZATCA PHASE 2 ------------------------------------------------------------ ZATCA Phase 2 (the Integration Phase) requires businesses in Saudi Arabia to issue structured e-invoices and integrate their invoicing systems directly with ZATCA's Fatoora platform, with invoices cryptographically signed and cleared or reported. ZATCA enforces this in waves, and each targeted group is notified by ZATCA at least six months before its own integration date — so every SME has a deadline of its own. Businesses should confirm their wave and date directly with ZATCA. ------------------------------------------------------------ THE PLATFORM (IN DEVELOPMENT) ------------------------------------------------------------ - Arabic Document OCR: computer-vision pipeline for unstructured Arabic thermal receipts and bilingual supplier tax bills — targeting 98%+ precision ahead of pilot validation. - 3-Way Reconciliation: deterministic transaction-matching across multi-bank feeds, daily POS batch settlements, and purchase invoices. - Native ZATCA Pipeline: UBL 2.1 XML compilation, ECDSA cryptographic signatures, and real-time clearance reporting architected against the official Fatoora platform. - Sovereign hosting: architected so 100% of compute, client records, and databases reside in Tier-3 data centers within KSA. - Tenant-isolated AES-256 encryption at rest, role-based access, built to Saudi PDPL requirements. ------------------------------------------------------------ FOUNDING TEAM ------------------------------------------------------------ Mohammad Shoaib Sohail — Co-Founder, CEO & Chairman (FCCA, SOCPA, UAECA) 20+ years in finance across MENA, including 8 years as Financial Controller at LCC Saudi Arabia (a Tech Mahindra company), leading Finance & Accounts for its USD 250M Saudi business and delivering its ZATCA e-invoicing, Power BI, and MIS integration. Abdul Raheem — Co-Founder, CTO Founder of Creation Next, a tech staff-augmentation and managed engineering company, and its iDocHive enterprise document-intelligence platform. Also built Jewelry Design Pro. ------------------------------------------------------------ FOUNDER QUOTE ------------------------------------------------------------ "I spent eight years doing this compliance work by hand for a $250M business. Every SME in the Kingdom carries a smaller version of the same problem — and almost none of them have a finance department that size to throw at it." — Mohammad Shoaib Sohail, Co-Founder & CEO, Finvise Arabia ------------------------------------------------------------ BOILERPLATE ------------------------------------------------------------ Finvise Arabia is a pre-launch Saudi fintech company based in Riyadh, building an AI-native financial reconciliation and ZATCA e-invoicing compliance platform for Saudi SMEs and the accounting firms that serve them. ------------------------------------------------------------ MEDIA CONTACT ------------------------------------------------------------ shoaib@finvisearabia.com Riyadh, Kingdom of Saudi Arabia https://finvisearabia.com Please attribute all statements to Finvise Arabia. Forward-looking product capabilities described here are in development and are not certified or live services.