Lamaa
Builders in Fintech has recorded 1 equity round for Lamaa: a seed round of $5.5M on 2 December 2021.
Added ·
- $5.5M
- Seed · $5.5M · 2 December 2021 · led by Raed Ventures
Timeline
Seed · $5.5M · Raed Ventures (lead), Wa'ed
All funding rounds in the database
Product
Supply chain finance and B2B buy now, pay later for Saudi SMEs
Lending infrastructure
Markets: Saudi Arabia
Lamaa is a Riyadh-based fintech that provides working-capital finance for small and mid-sized businesses in Saudi Arabia. Its marketplace finances supplier invoices so that SMEs get paid early instead of waiting for their corporate buyers, and it offers supply chain finance and B2B buy now, pay later plans designed to ease cash flow for suppliers that struggle to obtain bank credit.
Agent-Ready: not yet assessed · How we check
Description from the company website · Source