Can I choose which Invoices I want to discount?

Yes. You can choose the invoices that you wish to discount.

How do I get paid for my Invoices?

Once, Invoices are approved and discounted, the amount is directly credited in your bank account. You can always change your bank account through Settings.

Would Invoice Discounting impact my credit rating or history?

No. Invoice discounting is a transaction in which you are selling your invoices (asset) hence they do not impact in anyway your credit rating or history.

How is Invoice Discounting different from Business Funding?

Most businesses opt for financing options available in the market business funding from banks or financial institutions. These funds are primarily used for working capital and to help businesses with their short-term operational costs, expansion goals, upgrading equipment, et al. However, it’s a time-consuming process and does not target MSMEs. Here, Invoice or Bill discounting… Continue reading How is Invoice Discounting different from Business Funding?

Will my information be shared with any third party and to what extent?

LAMAA is a SAMA registered private entity that deals with secure information and complies with the Kingdom’s Personal Data Protection Law.

How do I get myself/business registered? Or How do I get my invoices discounted by LAMAA?

Go ahead and click on the GET IN TOUCH to get registered. Once you are registered we will be in touch to set up the funding process. As soon as the setup is complete, you are ready to go get funded.

How does Invoice Discounting works?

Invoice discounting is the practice of using a company’s unpaid invoices to raise working capital & fulfil its financial needs. Traditionally, financial institutions including banks and NBFCs have been discounting invoices for MSMEs. Invoice discounting involves transfer of rights on an asset (invoice) from the seller (i.e. business) to the financier (i.e. investor) at an… Continue reading How does Invoice Discounting works?

Does LAMAA fund the invoices?

LAMAA is the facilitator between you and the financer. We will reach out to your client to pay the invoice early – at a discount you are willing to offer! If the buyer is not keen, we reach out to banks, financial institutions and private investors to make the funding possible. We are almost always… Continue reading Does LAMAA fund the invoices?

How does LAMAA discount invoices?

LAMAA enables decision-making by advanced algorithms which helps buyers to offer competitive discount rates on invoices. There is no requirement for promissory notes and no lengthy documentation. Decisions are quick and you have the funds required within a few hours.

What is Invoice Discounting?

Invoice discounting is the practice of using company’s unpaid invoices to raise working capital & fulfil its financial needs.
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