TLDR:
- Mamo, a fintech startup based in Dubai, raised $3.4M in funding.
- The round was led by 4DX Ventures and the Dubai Future District Fund.
Mamo, a Dubai-based fintech startup focused on helping small and medium-sized businesses streamline their financial operations, recently secured $3.4M in funding. This investment round was led by 4DX Ventures and the Dubai Future District Fund, with additional support from Cyfr Capital. The company, led by CEO Imad Gharazeddine, plans to use the funds to further enhance its financial services platform and test new product lines in Saudi Arabia.
With a focus on empowering SMEs in the MENA region, Mamo offers services such as payment collection, corporate cards, and expense management. The company was the first fintech startup to receive a Category 3C Providing Money Services license from the DFSA in 2022. With a total funding of $13 million to date and a team of 30 employees, Mamo is poised for continued growth and innovation in the fintech sector.
