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Lamaa

Active

Supply-chain finance and B2B buy-now-pay-later / invoice-discounting marketplace for SMEs

Riyadh, Saudi ArabiaFounded 2021
Fintech

Lamaa is a Shariah-compliant fintech that provides invoice financing, such as supply-chain finance and B2B buy-now-pay-later, to small and medium businesses. Its Trade Receivables Discounting System lets suppliers get early payment on approved invoices, funded by corporates, banks and investors. Forbes Middle East reported $1 billion in invoice value processed and 1,500 active customers in 2024.

Founders

Sumeet Khutale

Founder & CEO

Funding Rounds

SeedDec 2021
$5.5M

Lead: Wa'ed Ventures

Investors: Wa'ed Ventures, Raed Ventures

Investors: Wa'ed Ventures, Raed Ventures.

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