Mamo Pay
PrivateLast Round
Seed
Jul 25, 2024
Total Funding Raised
$12.9M
Company Overview
Mamo Pay, often called Mamo, is a fintech company based in Dubai, UAE, founded in 2019 by former Google employees Mohammad El Saadi, Imad Gharazeddine, and Asim Janjua. The company provides an all-in-one financial platform for small and medium-sized enterprises (SMEs) in the UAE. Its services include payment collection through various methods, corporate Visa cards for expense management, and tools for sending mass payouts to suppliers and vendors. Mamo aims to simplify financial operations, improve cash flow, and enhance cost-efficiency for businesses. The company was the first local startup in the UAE to be regulated by the Dubai Financial Services Authority (DFSA). As of July 2024, Mamo has raised a total of $13 million.
Sector
FinTech
Verticals
Digital Payments, Accounting & Expense, Corporate Banking, Digital Wallets
Business Model
B2B
Customer Profile
Payment Processing Fee, Freemium, Subscription SaaS
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Mamo Pay Comps
Public and private peers based on sector, stage, and business model.
Mamo Pay Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Seed | Jul 25, 2024 | ||||
| Early Funding | May 17, 2021 | ||||
| Seed | Apr 7, 2020 |
Key People
Founding team and executive leadership
Mamo Pay Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Global Founders Capital | Seed |
| 4DX Ventures | Early Funding, Seed |
| MSA Capital | Seed |
| 500 Global | Seed |
| Global Ventures | Seed, Early Funding |
| AlRajhi Partners | Early Funding |
| Dubai Angel Investors | Seed |
Market signals
Structured signals derived from secondary market and firmographic data.
- Dec 21, 2025
Added Merchlist FZ LLC, an e-commerce startup, as a customer.
- Dec 21, 2025
Added Habibi Skate Shop as a customer.
Mamo Pay Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Mamo Pay's valuation, stock price, and market status.
