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

SaaS Investors 

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.  

Kema Use of Funds  

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

About Kema 

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  

Source: https://thepaypers.com/online-mobile-banking/kema-raises-usd-2-million-in-pre-seed-round--1266753