Saudi Aramco invests $5.5mln in fintech startup Lamaa
Lamaa, a Riyadh-based fintech startup which provides invoice financing solutions for small and medium sized enterprises
Image used for illustrative purpose Investors monitor a screen displaying stock information at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019.
By Staff Writer, Arab News
RIYADH: Fintech startup Lamaa secured a $5.5M seed round led by Raed Ventures and Saudi Aramco’s entrepreneurship arm Wa’ed, according to a statement.
Lamaa, a Riyadh-based fintech startup which provides invoice financing solutions for small and medium sized enterprises, has announced it has secured one of the largest seed funding rounds in the Kingdom.
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
Get Zawya's daily newsletter for insightful and exclusive Middle East perspectives on business and finance. SUBSCRIBE NOW