Startup

UAE Fintech Startup Kema Secures $2 Million Pre-Seed Funding

Kema aims to digitize and streamline the intricate invoice-to-cash process, commonly referred to as accounts receivable.

By Inc.Arabia Staff
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Speedinvest and the Dubai Foundation District Fund (DFDF) have worked together to raise $2 million in pre-seed funding for the UAE-based fintech Kema. [1]

Kema aims to digitize and streamline the intricate invoice-to-cash process, commonly referred to as accounts receivable, fundamentally altering how businesses interact and transact with each other.

With this financial injection, Kema is poised to introduce its Software-as-a-Service (SaaS) platform, tailored specifically to support small and medium-sized enterprises (SMEs). 

Founded in 2023 by Michael Ghandour, former co-founder of Mumzworld.com, Kema's solution integrates seamlessly with leading accounting software such as Xero and Quickbooks. In just minutes, businesses can streamline invoice generation, embed payment links, send automated reminders, and gain real-time insights into their cash flow dynamics.

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