{"id":89033,"date":"2024-02-14T00:00:00","date_gmt":"2024-02-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/fintech-startup-kema-closes-usd-2-mn-pre-seed-round\/"},"modified":"2024-02-14T00:00:00","modified_gmt":"2024-02-14T00:00:00","slug":"fintech-startup-kema-closes-usd-2-mn-pre-seed-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/fintech-startup-kema-closes-usd-2-mn-pre-seed-round\/","title":{"rendered":"Fintech startup Kema closes USD 2 mn pre-seed round"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai-based fintech <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.kema.co\/\" style=\"\" rel=\"noopener\">Kema<\/a><\/strong><strong> has raised USD 2 mn in a pre-seed round<\/strong> led by <a target=\"_blank\" href=\"https:\/\/dfdf.vc\/\" style=\"\" rel=\"noopener\">Dubai<\/a><a target=\"_blank\" href=\"https:\/\/dfdf.vc\/\" style=\"\" rel=\"noopener\">Foundation District Fund<\/a> and VC firm <a target=\"_blank\" href=\"https:\/\/www.speedinvest.com\/\" style=\"\" rel=\"noopener\">Speedinvest<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2024\/02\/uae-fintech-kema-raises-2-million-pre-seed\" style=\"\" rel=\"noopener\">press release<\/a>. The funding will help the fintech firm launch its Software-as-a-Service (SaaS) platform, expand its presence and services in the UAE, and hire new talent.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Kema: <\/strong>Co-founded by Michael Ghandour, co-founder of <a target=\"_blank\" href=\"https:\/\/www.mumzworld.com\/\" style=\"\" rel=\"noopener\">mumzworld.com<\/a>, Kema aims to accelerate SMEs\u2019 cashflow by facilitating their financial operations using an automated invoicing system. Since its private beta launch in 2Q 2023, the fintech processed more than AED 16.5 mn in invoices, and now claims to be able to slash the duration of the account receivables process by up to 50%, according to co-founder and CTO Akash Rao. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The startup will use the funding to launch its SaaS platform and scale its presence in the UAE<\/p>\n","protected":false},"author":1,"featured_media":89034,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1548],"tags":[7,79,25,78,147,274],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam-uae","tag-fintech","tag-investment-watch","tag-startup-watch","tag-startups","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"3f2ec514-0fbe-45fb-8839-02acebf62b34","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/1344.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Fintech startup Kema closes USD 2 mn pre-seed round","related_issue":[89018],"teaser":"The startup will use the funding to launch its SaaS platform and scale its presence in the UAE","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.364cb4f3-97ed-4584-8a55-17cb89378b28.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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