Lamaa Receives Prestigious ‘Most Innovative in Payments’ Award in the MENA Region

Riyadh, Oct 11th 2023 – Lamaa, the pioneering financial technology company, is delighted to announce its latest achievement: the ‘Most Innovative in Payments’ award at the 2023 Global Financial Market Review Awards, recognizing Lamaa’s exceptional contributions to the financial landscape.

The MENA region’s financial market is evolving at an unprecedented pace, and Lamaa has demonstrated unwavering commitment to innovation and excellence. The ‘Most Innovative in Payments’ award underscores Lamaa’s role as a leader in shaping the future of financial services in the region.

As a Shariah-compliant fintech specializing in dynamic discounting and supply chain financing, Lamaa has been at the forefront of transforming financial markets by providing innovative solutions that connect businesses of all sizes. Lamaa’s platform seamlessly connects buyers, sellers, and marketplace investors, streamlining the supply chain financing process.

Commenting on the prestigious recognition, Syed Raza, CEO at Lamaa, said, “We are thrilled to be acknowledged as the ‘Most Innovative in Payments’ in the MENA region. This award is a testament to our unwavering dedication to providing cutting-edge solutions that empower businesses and foster financial inclusion. We are excited to continue our journey towards redefining payments and financial services in the region.”

Lamaa’s dynamic discounting process, which allows businesses to pay suppliers early in exchange for discounts, has been a game-changer, offering not only financial benefits but also strengthening supplier relationships.

The Global Financial Market Review Awards are a testament to Lamaa’s impact on the financial sector. This award is a milestone that celebrates innovation, dedication, and outstanding achievements in the payments and fintech industry.

For more information about Lamaa and its innovative solutions, please visit

About Lamaa:

Lamaa is a pioneering fintech company based in the MENA region. As a Shariah-compliant financial technology firm, Lamaa offers innovative solutions in the field of trade finance, supply chain financing, and dynamic discounting. The company connects buyers, sellers, and marketplace investors to streamline financial transactions, reduce costs, and enhance overall profitability. Lamaa is committed to transforming the financial landscape by making finance more accessible and advantageous to businesses of all sizes.

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