With a decade of financial experience, Lamha founders decided to put fintech into use to solve a bottleneck issue that often happens in financial reporting.  Tracking Company expenses is time-consuming and requires more human resources.  It is initiated by various departments and invoices are normally a tiresome task for the finance departments.  Therefore, the finance department needs to collect, consolidate, and enter the invoice data alongside the other tasks needed by the department.  So, they have thought of a solution to produce the expense report more efficiently with less cost and less error.  The idea was for companies to budget and Lamha makes the rest.

In March 2021, they established Lamha and started the journey to build a Corporate Spend management platform that automates the financial management processes for companies.  It will allow them to create budgets for their expenses and assign them to employees, where employees can be given a corporate expense card to use linked to the budgets initially created.  With Lamha, all transaction is already preset to budgets and is automatically recorded at the back end, so companies can have better spending control and real-time financial KPIs for the decision-maker.