UAE fintech Kema raises $2 million pre-Seed

UAE fintech Kema raises $2 million pre-Seed

UAE-based fintech Kema has raised a $2 million pre-Seed round, led by Speedinvest with participation from the Dubai Future District Fund (DFDF).

Founded in 2023 by Michael Ghandour, Kema provides a SaaS platform that helps B2B SMEs accelerate and automate cash flow while saving them time and money.

The company plans to use this investment to enhance its SaaS platform aimed at supporting the SME segment, scale the solution across the UAE, and hire top talent to support its growth. 

Press release:

Kema, a UAE fintech platform founded by ex-Mumzworld.com co-founder Michael Ghandour, has raised a $2 million pre-seed round led by Speedinvest with participation from the Dubai Foundation District Fund (DFDF). Kema transforms how businesses sell to one another (B2B) by digitising, automating, and streamlining the invoice-to-cash process, also known as accounts receivable. Businesses benefit from accelerated and automated cash flow while saving both time and money.

The company plans to use this investment to launch its SaaS platform aimed at supporting the SME segment, scale the solution across the UAE, and hire top talent to support its growth.

According to a 2021 UAE Central Bank report, the business payments volume in the UAE crossed $1.5 trillion—that's nearly 50 per cent more than all retail