Mobile-payments platform Mamo Pay said to raise $8m in pre-Series A funding

Funding Rounds

▤ Summary

Mamo Pay raised $8m in a pre-Series A round led by Global Ventures with participation from 4DX Ventures, AlRajhi Partners and Olive Tree Capital. The Dubai-based mobile-payments platform will use the funds to deepen its service offering, enhance its product and hire additional staff. The company plans to expand across the UAE and into Saudi Arabia and is preparing to launch Mamo Card to enable online payments. Mamo Pay has now raised about $9.5m in total to date.

$ Funding

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Amount $8.0M Total raised
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Date May 18, 2021 Announcement date
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Investors Olive Tree Capital, ALRAJHI PARTNERS, Global Ventures Lead investors
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Company - Funded company

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