Lamaa provides invoice financing solutions for small and medium-sized enterprises, including Supply Chain Finance and B2B Buy Now Pay Later plans aimed at improving working-capital management. The company’s products target suppliers and seek to maximize treasury returns for corporates. Lamaa positions its offerings in line with Saudi Vision 2030 to digitalize SMEs and raise their GDP contribution. The startup is led by founder and CEO Sumeet Khutale, who relocated from London to Riyadh and has experience in investment banking technology and cloud banking. Lamaa plans to extend its offering and expand into Egypt, UAE and Qatar in the next few months. The company raised external capital in a seed financing round to support these initiatives.

Total raised

$6M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2021