SCF fintech raises US$5.5m in the largest Saudi Arabian's seed round

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Invoice finance fintech Lamaa had secured a US$5.5m seed round, the largest one in Saudi Arabia. The round was co-led by Saudi Aramco’s entrepreneurship arm Wa’ed and Raed Ventures.

Lamaa, a company established in the early 2021, offers supply chain finance solutions for SMEs and intends to introduce soon a new product, ‘B2B Buy Now Pay Later’.


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Posted on Dec 3, 2021
Region: Saudi Arabia
Lamaa
Lamaa