UAE-based Fintech Kema Raises USD2 Million in Pre-Seed Round

UAE-based Fintech Kema Raises USD2 Million in Pre-Seed Round

•  Kema, a UAE fintech platform led by Michael Ghandour, secures a $2 million pre-seed round with Speedinvest and Dubai Foundation District Fund (DFDF) participation, earmarked for launching its SaaS platform and expanding operations.

•  With a focus on supporting SMEs, Kema aims to address the inefficiencies in B2B financial operations by digitizing and streamlining the invoice-to-cash process, aiming to enhance cash flow and productivity.

•  Despite the UAE’s substantial business payments volume, the B2B SME segment has faced historical challenges, making Kema’s innovative approach crucial for unlocking trapped working capital and providing efficient financial solutions to businesses.

Kema, a UAE fintech platform successfully raised a $2 million pre-seed round led by Speedinvest, with participation from the Dubai Foundation District Fund (DFDF).

The investment will fuel the launch of Kema’s SaaS platform, designed to support the SME segment, expand its presence across the UAE, and recruit top talent to drive growth.

Despite the UAE’s business payments volume surpassing $1.5 trillion, the financial operations of B2B SMEs have long been analog, inefficient, and challenging, hindering growth and productivity.

Kema, co-founded by Michael Ghandour, former co-founder of Mumzworld.com,  addresses these challenges by digitizing, automating, and streamlining the invoice-to-cash process for B2B transactions, aiming to accelerate cash flow and save time and money for businesses.

The B2B SME segment stands to benefit from Kema’s innovative approach, which aims to unlock trapped working capital and empower businesses with efficient financial solutions.

Since its private beta launch in Q2 2023, Kema has facilitated over AED 16.5 million ($4.5 million) in invoices and continues to evolve its platform based on customer feedback and market insights.

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