Fatura · Pitch Deck
Logistics · ZATCA PHASE 2
Faturaفاتورة
Real-time ZATCA Phase 2 e-invoicing, built for freight line items, not retail receipts.
neuriya.ai — Sovereign, Arabic-first enterprise AI
Problem
Freight invoices get rejected by Fatoora because they aren't built for freight
- Ocean, land, and air freight charges get forced into generic service-line templates that ZATCA validators don't recognize, causing avoidable rejections.
- Invoices are prepared and submitted to Fatoora as a separate manual step after the fact, instead of clearing in real time against the shipment.
- Each new ZATCA integration phase wave arrives as a scramble, because onboarding wasn't already built against the current wave's requirements.
- A rejected invoice's cause — VAT number, line classification, rounding — has to be diagnosed manually before it can be resubmitted, adding a full billing cycle of delay.
Solution
Freight invoices that clear Fatoora on the first submission
Product
Fatura in action
How it works
From first touch to outcome
Generate
A standard tax invoice XML is built directly from shipment and freight line data — no manual re-entry.
Sign
The invoice is cryptographically signed and stamped with a valid CSID certificate.
Submit
The signed invoice clears through the Fatoora platform in real time, with the response logged against the invoice.
Reconcile
Rejected invoices are diagnosed and queued for correction, so nothing sits unresolved past the compliance window.
Market
Sizing the opportunity
- TAM — $650M. Saudi e-invoicing & tax-compliance software market
- SAM — $70M. Freight & logistics-specific ZATCA Phase 2 invoicing software
- SOM — $5M. 3-year obtainable share via design-partner forwarders across ZATCA integration waves
ZATCA's phased Wave rollout is bringing every VAT-registered Saudi business, freight forwarders included, onto real-time e-invoicing, and freight's multi-leg, multi-currency line items are exactly the case generic Fatoora integrations weren't built to handle.
Business model
How Fatura makes money
Per-entity Fatoora integration subscription
Priced per VAT-registered entity connected to the Fatoora platform through the bridge.
Per-invoice clearance fee
A metered fee per invoice submitted and cleared, for forwarders who prefer usage-based pricing over a flat subscription.
CSID setup & wave-onboarding fee
One-time fee for certificate setup and onboarding against the current ZATCA integration wave.
Revenue streams
Where the revenue actually comes from
Competition
Where we win
Our edge
- Freight-native invoice line items, purpose-built for ocean, land, air, handling, and customs duty — not a generic invoicing template.
- Automatic rejection triage against known ZATCA failure causes, instead of a manual investigation per bounced invoice.
- Onboarding tracks the current ZATCA integration wave directly, so a compliance deadline is never a last-minute scramble.
- Founding team combines Saudi freight-forwarding operations experience with hands-on software engineering.
Traction
Early validation, built for pilot readiness
- Full invoicing product experience designed and built end-to-end: invoice generation, signing, Fatoora submission, and rejection triage.
- Architecture pre-aligned to ZATCA Phase 2, PDPL, and ISO 27001.
- Actively selecting design-partner freight forwarders for a first Wave 24 pilot cohort.
Go-to-market
Land ahead of a wave deadline, expand across the forwarder's invoicing volume
- 1Land with 2-3 design-partner forwarders approaching their ZATCA Wave 24 integration deadline.
- 2Prove first-submission clearance rates over a pilot billing cycle, against their current rejection rate.
- 3Expand to cover full invoicing volume as later ZATCA waves bring more of the forwarder's counterparties online.
Team
Built by operators, not just builders
The ask
Raising a seed round to reach first ZATCA Wave 24 pilots
We're raising to fund Fatoora integration hardening, CSID certificate lifecycle tooling, and the core engineering team through first-revenue.