Kema, a pioneering FinTech platform based in the UAE, has announced a successful $2m pre-seed funding round.
The investment was led by Speedinvest, with notable participation from the Dubai Foundation District Fund (DFDF), according to a report from Wamda. This financial injection is set to propel Kema’s mission to revolutionise the business-to-business (B2B) transaction landscape.
The company’s innovative approach focuses on digitising, automating, and streamlining the invoice-to-cash process, also known as accounts receivable. By doing so, Kema offers businesses, especially in the SME sector, the opportunity to enhance their cash flows while saving time and resources. The efficiency brought about by Kema’s solutions is a testament to the platform’s potential to transform the financial operations landscape for businesses across the UAE.
With the newly secured funds, Kema is gearing up to launch its Software as a Service (SaaS) platform, specifically designed to support SMEs. The aim is to scale the solution across the UAE and invest in top talent to bolster the company’s growth trajectory.
Kema founder and CEO Michael Ghandour said, “Having worked with B2B SMEs, a healthy and predictable cash flow cycle remains elusive for many. The problem is compounded by the combination of persistent payment delays, manual invoice workflows and follow-ups, multiple disconnected systems, and limited access to SME financing.
“As a result, many businesses get stuck in a cycle of limited growth, increasing costs, and unproductive use of their most valuable resource, their employees’ time.”