UAE-based fintech SaaS platform Kema has secured $2 million in a pre-seed funding round led by Speedinvest.
Kema specializes in digitizing, automating, and streamlining the invoice-to-cash process for business-to-business SMEs, effectively accelerating cash flow. CEO Michael Ghandour highlighted the challenges faced by many B2B SMEs, noting that a healthy and predictable cash flow cycle remains elusive due to persistent payment delays, manual invoice workflows, disjointed systems, and limited access to financing.
“To break free from a cycle of limited growth and rising costs, businesses must optimize their use of resources, particularly their employees’ time,” Ghandour stated.
To tackle these issues, Kema provides “no-code” plug-ins that easily integrate with accounting software like Xero and QuickBooks. Within minutes, businesses can begin generating and processing invoices, automatically including payment links and reminders, and receiving payments through various digital channels while obtaining real-time cash flow analytics.
Since launching a private beta in the second quarter of 2023, Kema has handled over $4.5 million in invoices. With the recent funding, the company plans to fully launch its services, expand its technology throughout the UAE, and increase its workforce.