Kema Raises $2 Million in Pre-Seed Funding

Kema Raises $2 Million in Pre-Seed Funding

Kema, a UAE-based fintech platform, has secured $2 million in pre-seed funding.

The round was led by Speedinvest and supported by the Dubai Foundation District Fund (DFDF).

Founded in 2011, Speedinvest is a venture capital firm that invests in pre-seed, seed, and early-stage tech startups. Based in Vienna, Austria. the firm seeks to make investments in early-stage startups in the deep tech, fintech, health, industrial tech, marketplaces & consumer, SaaS & infrastructure, climate tech, merging markets, and crypto sectors.

The funds will facilitate the launch of Kema's SaaS platform tailored for SMEs and fuel expansion across the UAE.

Founded by Michael Ghandour, Kema is a developer of a B2B accounts receivable automation platform designed to simplify collection without chasing customers. The company offers a consumer-grade payment experience for users and buyers while getting automated receivables management. It also provides a new generation of B2B invoice and collection experience, complete with automated reminders, tracking, and net terms management.

Funding Details

Company: Kema FZ-LLC

Raised: $2.M

Round: Pre-Seed

Funding Month: February 2024

Lead Investors: Speedinvest

Additional Investors: Dubai Foundation District Fund

Company Website: https://www.kema.co/

Software Category: Financial