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Lamaa Raises $5.5 Million in a Seed Round
December 5, 2021
Lamaa Raises $5.5 Million in a Seed Round
December 5, 2021
Riyadh-based Fintech startup and financial solutions provider Lamaa has raised $5.5 million in its latest funding round.
Upcoming Events
BIBAN Fostering Tangible Opportunities
We are pleased to announce our upcoming event BIBAN, which is Riyadh's key startup tech event in Saudi Arabia. The event will take place on March 9-13, 2023 in Riyadh Visit us at Riyadh Front Exhibition centre Booth F15
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Explore our gallery of past events and occasions which have been major milestones in our calendar.
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FAQ
Invoice discounting is the practice of using company's unpaid invoices to raise working capital & fulfil its financial needs.
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.
LAMAA is the facilitator between you and the lender. 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 able to find you the funds you require!
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 agreed value.
LAMAA GNPL allows business customers the freedom to choose how and when they want to pay. In other words, you can buy/consume products and services today and conveniently pay later up to 180 days. For MERCHANTS it presents a zero risk opportunity to increase sales and get paid immediately upon delivery.
LAMAA GNPL is a marketplace driving business growth for our Merchants. Get in touch to book a consultation with our specialist to learn.
LAMAA GNPL is designed for business like you. Get in touch to book a consultation with our specialist to learn if your merchant is in our network.
LAMAA is a Shariah Compliant Fintech company providing embedding finance solutions across the supply chain eco-system. Our technology and services connect companies of every size and sector as well as banks and financial institutions.
Yes. LAMAA services comply with AAOIFI Shariah Standards and are audited by a renowned firm.
Yes. LAMAA is a Saudi Arabia registered company and fully SAMA compliant
LAMAA is a Shariah Compliant Fintech company providing embedding finance solutions across the supply chain eco-system. Current services include Dynamic Discounting, BNPL and Investor Marketplace.
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