# Mamo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mamo

- Industry: Financial Services
- Headquarters: Dubai, United Arab Emirates
- Website: www.mamopay.com
- Total disclosed funding: $9.7M
- Latest round: Seed (May 17, 2021)
- Investors on record: 10

## About

Mamo Limited, based in the United Arab Emirates, offers innovative digital payment and spend management solutions designed to streamline financial operations for businesses, enhancing efficiency and growth across various sectors.Founded in 2019 in Dubai, United Arab Emirates, Mamo Limited specializes in digital payment solutions. In August 2025, Mamo Limited raised USD 4.3 million in venture funding from unspecified investors. The company is led by co-founders Imad Gharazeddine and Mohammad Saadi, alongside founders Andres Polo and Arley Marks.Mamo provides a comprehensive suite of digital payment and spend management solutions designed to automate financial operations for businesses. Its core offerings include payment collection, expense management, and corporate card issuance, all accessed through a single, user-friendly platform. The services cater to a diverse client base of over 3,000 companies, including freelancers, small to medium-sized enterprises, and large corporations, primarily operating within the UAE and extending into international markets. Mamo enables users to accept payments via various channels, such as payment links, e-commerce checkouts, digital invoices, and QR codes, while supporting transactions in over 15 currencies. The platform was built to streamline financial processes, thereby enhancing efficiency and enabling businesses to focus on growth.Mamo operates under a structured pricing model that includes a tiered subscription system. For freelancers and businesses just starting, a free plan is available with a transaction fee of 2.9% plus AED 1 per transaction. The premium plan, priced at AED 99 per month, offers lower transaction fees of 2.7% plus AED 0.80 per transaction, aimed at businesses seeking to maximize cashback and reduce payment processing costs. Additionally, Mamo services clients who process over AED 500,000 monthly by providing customized solutions and dedicated customer support. The revenue model is based on transaction fees and subscription fees, allowing for scalable financial operations that facilitate efficient cash flow management between businesses and their clientele.In July 2024, Mamo Limited raised USD 3.4 mn in venture funding to support its growth initiatives. The company will use the August 2025 funding to support the further development of its payment solutions.

## Funding rounds

- Seed, May 17, 2021, $7.7M — Al Rajhi Capital, Middle East Venture Partners, 4DX Ventures, Global Ventures, Olive Tree Capital
- Seed, Apr 7, 2020, $1.5M — MSA Capital, 500 Global, Global Founders Capital, VentureSouq, Dubai Angel Investors, Global Ventures
- Seed, Oct 1, 2019, $0.5M — Global Founders Capital, Global Ventures

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Global Ventures (https://capitalatlas.ai/funds/global-ventures) — Seed
- MSA Capital (https://capitalatlas.ai/funds/msa-capital) — Seed
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- VentureSouq (https://capitalatlas.ai/funds/venturesouq) — Seed
- Dubai Angel Investors (https://capitalatlas.ai/funds/dubai-angel-investors) — Seed
- Al Rajhi Capital (https://capitalatlas.ai/funds/al-rajhi-capital) — Seed
- Middle East Venture Partners (https://capitalatlas.ai/funds/middle-east-venture-partners) — Seed
- 4DX Ventures (https://capitalatlas.ai/funds/4dx-ventures) — Seed
- Olive Tree Capital (https://capitalatlas.ai/funds/olive-tree-capital) — Seed