![Kema B2B payments platform that aims to accelerate cashflow for SMEs in MENA, Kema has secured $2 Million in Pre-Seed Funding round led by Speedinvest with participation from the Dubai Foundation District Fund (DFDF).](https://startuprise.org/wp-content/uploads/2024/02/Kema.webp)
![B2B payments platform that aims to accelerate cashflow for SMEs in MENA, Kema has secured $2 Million in Pre-Seed Funding round led by Speedinvest with participation from the Dubai Foundation District Fund (DFDF).](https://startuprise.org/wp-content/uploads/2024/02/Kema.webp)
B2B payments platform that aims to accelerate cashflow for SMEs in MENA, Kema has secured $2 Million in Pre-Seed Funding round led by Speedinvest with participation from the Dubai Foundation District Fund (DFDF).
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With the funding, fintech-platform Kema hopes to extend the solution throughout the United Arab Emirates, acquire top talent to support its expansion, and launch its SaaS-platform targeted at the SME-market.
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“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,” says Kema founder and CEO Michael Ghandour. “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.”
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“Incorporating learnings from working with our early customers, Kema can now slash the receivables process by up to 50 per cent,” said Akash Rao. “We are also continuously adding a range of new features to suit many different types and sizes of businesses.”
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“Having been part of both the UAE and European ecosystems for a long time, we understand the impact that SME digitization can have on a market. We are incredibly excited about Kema’s potential to vastly improve the financial workflows of B2B SMEs and empower them to unlock growth and opportunity in the region,“ said Speedinvest partner Stefan Klestil. “We are looking forward to leveraging our deep experience in the fintech space to support Kema’s mission.”
“In line with the Dubai Economic Agenda (D33), one key aspect of our thesis on the Future of Finance is the use of technology to digitize core financial functions. Kema deeply understands SME financing pain points and is bringing a comprehensive solution to the market that is well-suited to the UAE and equally applicable for other emerging markets that we’ve looked at,” said Sharif El-Badawi, CEO, Dubai Future District Fund.
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About Kema
Founded in 2023 by Michael Ghandour, Kema is a Fintech SaaS platform that helps B2B SMEs accelerate and automate cash flow while saving them time and money. Kema allows you to simplify your collection, stop chasing your customers, accept online payments and get paid faster using powerful automation via a simple plugin.
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