Lamaa

Lamaa

Provides financing solutions such as Supply Chain Finance and B2B "buy now pay later" for SMEs with the aim to create more efficient working capital management for suppliers. Learn more

Financials

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Revenues, earnings & profits over time
USD20222023
Revenues3.0m7.1m
% growth-137 %
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DateInvestorsAmountRound
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$5.5m

Seed
Total Funding€5.0m

Recent News about Lamaa

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Lamaa is a dynamic fintech startup based in Saudi Arabia, specializing in providing innovative financial solutions to businesses of all sizes. The company operates within the B2B (business-to-business) market, connecting the entire supply chain and offering services that drive digital transformation and financial inclusion. Lamaa's primary focus is on empowering small and medium-sized enterprises (SMEs) by offering short-term financing solutions that are Shariah-compliant, easy to access, and provide immediate funding.

Lamaa serves a diverse range of clients, including banks, financial institutions, and businesses across various sectors. The company's business model revolves around providing flexible financing options that help businesses increase sales, improve working capital, and reduce merchant risk. By offering immediate funding to credit-vetted SMEs, Lamaa enables these businesses to grow and enhance their prospects while delivering attractive returns on investment for their partners.

The startup generates revenue through interest and fees charged on the financing solutions it provides. By leveraging technology to automate and enhance financial services, Lamaa ensures a seamless and efficient experience for its clients. The company's strategic initiatives and partnerships further strengthen its position in the rapidly growing fintech market in Saudi Arabia.

Headquartered in the King Abdullah Financial District (KAFD) in Riyadh, with additional offices in Jeddah, Lamaa is well-positioned to support the financial needs of businesses across the region. The company's commitment to fostering a stronger foundation for emerging local SMEs highlights its role as a key player in the financial sector's digital transformation.

Keywords: fintech, B2B, SMEs, financing, Shariah-compliant, digital transformation, working capital, immediate funding, Saudi Arabia, financial inclusion.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.