Mamo Secures $3.4mln to Enhance Financial Services for SMEs

The funding round of $3.4 million was led by 4DX Ventures, the Dubai Future District Fund, and Cyfr Capital.

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The company will further develop a full suite of financial services to meet more complex financial management requirements of SMEs.

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According to Imad Gharazeddine, Co-founder and CEO, Mamo, the company is focused on making payments easy for SMEs and equipping them with proper tools.

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According to Daniel Marlo, general partner at 4DX Ventures, the reason for his interest in participating was the belief in Mamo’s leadership and an innovative approach.

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