Kema, a UAE-based fintech platform, has secured $2 million in pre-seed funding.
SaaS Investors
The round was led by Speedinvest and supported by the Dubai Foundation District Fund (DFDF).
Founded in 2011, Speedinvest is a venture capital firm that invests in pre-seed, seed, and early-stage tech startups. Based in Vienna, Austria. the firm seeks to make investments in early-stage startups in the deep tech, fintech, health, industrial tech, marketplaces & consumer, SaaS & infrastructure, climate tech, merging markets, and crypto sectors.
Kema Use of Funds
The funds will facilitate the launch of Kema's SaaS platform tailored for SMEs and fuel expansion across the UAE.
About Kema
Founded by Michael Ghandour, Kema is a developer of a B2B accounts receivable automation platform designed to simplify collection without chasing customers. The company offers a consumer-grade payment experience for users and buyers while getting automated receivables management. It also provides a new generation of B2B invoice and collection experience, complete with automated reminders, tracking, and net terms management.
Funding Details
Company: Kema FZ-LLC
Raised: $2.M
Round: Pre-Seed
Funding Month: February 2024
Lead Investors: Speedinvest
Additional Investors: Dubai Foundation District Fund
Company Website: https://www.kema.co/
Software Category: Financial
Source: https://thepaypers.com/online-mobile-banking/kema-raises-usd-2-million-in-pre-seed-round--1266753