Saudi Aramco, Raed invests $5.5 million in emerging fintech startup Lamaa
RIYADH: Riyadh-based fintech startup Lamaa has secured a $5.5m investment from Saudi Aramco’s entrepreneurship arm Wa’ed and Raed Ventures Arab News reported. The deal represents one of the largest seed funding rounds in Saudi Arabia. Lamaa provides financing solutions, such as supply chain finance and Buy Now Pay Later schemes, for small and medium enterprises. Wa’ed and … Read more