Lamaa
Founded Year
2021Stage
Seed VC | AliveTotal Raised
$5.5MLast Raised
$5.5M | 2 yrs agoLamaa's Product Videos
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Lamaa's Products & Differentiators
Dynamic Discouting
Dynamic Discounting provides supply chain finance solutions. It enables buyers to discover an appropriate level of discount for making early payment to vendors. Treasury of seller can make use of this to utilize their excess cash and pay less for their bill of goods. Buyers can use this to avail early payment and improve their working capital cycle
Expert Collections containing Lamaa
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Lamaa is included in 3 Expert Collections, including Payments.
Payments
2,673 items
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Fintech
3,438 items
SMB Fintech
1,230 items
Latest Lamaa News
Dec 7, 2022
External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Lamaaa forms Shariah compliant supply chain finance partnership with Banque Saudi Fransi 24 minutes ago Banque Saudi Fransi has today signed a landmark Memorandum of Understanding agreement with Lamaa. The partnership with Lamaa marks a collaboration between the two companies to develop, evaluate and launch new products and services that will empower small businesses and deliver real benefits to companies of every size across the supply chain. Backed by Saudi Aramco and Raed Ventures, Lamaa is one of the Kingdom’s fastest growing fintechs. It is the first Shariah Compliant Supply Chain Finance platform in the region. The ground-breaking payables program enables and incentivises large corporates to pay their SME suppliers early in exchange for a small discount. Lamaa also increase the prospect of funding through its innovative solutions. Where treasury is unable to fund early payment, Lamaa presents them to a dedicated marketplace of Banks, Financial Institutions and Asset Managers. The partnership with Lamaa underpins Bank Saudi Fransi’s commitment to lead the way in delivering Financial Sector Development goals to enable greater financial inclusion and digitisation. This initiative enables enterprise companies to improve their margins and costs whilst positively supporting the cashflow and growth of SMEs across the Kingdom, a primary goal of Vision 2030. Lamaa’s secure, bank-grade technology is already processing millions of invoices annually for some of the biggest companies worldwide. Sumeet Khutale, CEO of Lamaa added: “Bank Saudi Fransi is a leader in Saudi Arabia achieving the ambition of Vision 2030. We are honoured to partner with BSF, and together we are launching new and innovative products and services that will empower supply chain finance trade between enterprises and SME's throughout the kingdom". Ali Najim AlKhamis, Head of Trade and Supply Chain of Banque Saudi Fransi said: “At Banque Saudi Fransi, we endeavour to create synergy with fintech companies such as Lamaa, who are introducing innovative and forward-looking supply chain solutions for encompassing the full vertical of the business value chains in Saudi Arabia. This partnership showcases Banque Saudi Fransi commitment to pioneer and promote the latest technology trends in the Financial services sector”. Related Companies
Lamaa Frequently Asked Questions (FAQ)
When was Lamaa founded?
Lamaa was founded in 2021.
Where is Lamaa's headquarters?
Lamaa's headquarters is located at KAFD, 2822 – 6591, Riyadh.
What is Lamaa's latest funding round?
Lamaa's latest funding round is Seed VC.
How much did Lamaa raise?
Lamaa raised a total of $5.5M.
Who are the investors of Lamaa?
Investors of Lamaa include Raed Ventures and Wa'ed Ventures.
Who are Lamaa's competitors?
Competitors of Lamaa include Beehive and 3 more.
What products does Lamaa offer?
Lamaa's products include Dynamic Discouting and 2 more.
Who are Lamaa's customers?
Customers of Lamaa include FLynas, saudi ceramics and saudi glass.
Compare Lamaa to Competitors
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