Fintech startup Lamaa announces investment by Saudi Aramco – ITP.net
- Date: 04-Dec-2021
- Source: ITP
- Sector:Technology
- Country:Saudi Arabia
Fintech startup Lamaa announces investment by Saudi Aramco – ITP.net
Fintech startup Lamaa secured a $5.5M seed round led by Raed Ventures and Saudi Aramco’s entrepreneurship arm, Wa’ed.
Seed funding
Lamaa, a Riyadh-based fintech startup which provides invoice financing solutions for small and medium sized enterprises (SMEs), has announced it has secured one of the largest seed funding rounds in the Kingdom of Saudi Arabia. The $5.5 million in seed round funding has been co-led by Raed Ventures and Saudi Aramco’s entrepreneurship arm Wa’ed.