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Dubai s Mamo secures $8m to grow digital payments offer

SHARE Dubai FinTech company Mamo secured $8 million in new funding to boost its digital payment services and expand its operations in the UAE and Saudi Arabia as the coronavirus pandemic spurs a surge in cashless transactions. The early stage funding round was led by Global Ventures, the UAE venture capital firm, Mamo said on Monday. Other backers include New York venture capital firm 4DX Ventures, Saudi-based AlRajhi Partners, Boston s Olive Tree Capital and investors from Silicon Valley. “We believe that accepting and making payments should be much simpler than it is today, for everyone,” said Mamo co-founder Mohammad El Saadi.

New yorkUnited statesAl qahirahSaudi arabiaImad gharazeddineMena fintechsWasim janjuaEl saadiDamit jhawarMohammad el saadiDubai fintechGlobal venturesSaudi based alrajhi partnersOlive tree capitalPaypal owned venmoFareed rahman

Mamo raises $8 million in pre-Series A

Mamo raises $8 million in pre-Series A (L-R) Mohammad El Saadi, Asim Janjua, Imad Gharazeddine, co-founders of Mamo UAE-based fintech startup Mamo has raised $8 million in its pre-Series A round led by Global Ventures, with the participation of 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and some fintech-focused Silicon Valley investors. Co-founded by Asim Janjua, Imad Gharazeddine and Mohammad El Saadi, three former Google employees, Mamo is a digital wallet and payments platform that allows users to send and receive payments through their smartphone, free of charge. It recently launched Mamo Business, which allows freelancers and small businesses to receive online payments from their customers, without the need for gateway and merchant integrations.

Saudi arabiaUnited arab emiratesKingdom of saudi arabiaImad gharazeddineBasil moftahWasim janjuaDamit jhawarMohammad el saadiVisa fast track programDubai financial services authorityGlobal venturesAlrajhi partnersOlive tree capitalSilicon valleyMamo businessPaypal owned venmo

Socure Closes $100 Million Raise – Bankless Times

Two Sigma Ventures, and others. This round brings Socure’s total funding to $196 million, following a recent $35 million investment less than six months ago led by Sorenson Ventures. The new financing will support Socure’s expansion across every consumer-facing vertical including online gaming, healthcare, telco, e-commerce, and on-demand services. Proceeds from the round will also accelerate product innovation as the company’s patent portfolio grows and the company continues to attract top talent. Amit Jhawar, partner at Accel and former general manager of Venmo, will join the board of directors at Socure. The tremendous growth in the digital identity market is part of the macro trend of businesses migrating towards digital-first online services, commerce, and transactions, including for those services once defined by physical interaction and exchange. According to

Damit jhawarJohnny ayersDan rosenCommerce venturesScale venture partnersFlint capitalCiti venturesWells fargo strategic capitalTwo sigma venturesOne world identityஅமித் ஜாவர்ஜானி அயர்ஸ்டான் ரோஸன்வர்த்தகம் முயற்சிகள்அளவு துணிகர கூட்டாளர்கள்பிளின்ட் மூலதனம்

Socure raises $100M at $1 3B valuation, proving identity verification is hotter than ever – TechCrunch

Socure raises $100M at $1 3B valuation, proving identity verification is hotter than ever – TechCrunch
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Damit jhawarJohnny ayersOne worldVaro moneyCommerce venturesScale venture partnersFlint capitalCiti venturesWells fargo strategic capitalTwo sigma venturesSorenson venturesNew york basedஅமித் ஜாவர்ஜானி அயர்ஸ்ஒன்று உலகம்வரோ பணம்

What Healthcare Can Learn About Digital From Automotive And Banking

What Healthcare Can Learn About Digital From Automotive And Banking
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

Damit jhawarLatif rafiqHealthcare conferenceஅமித் ஜாவர்அத்திப் ர்யாஃபீக்சுகாதாரம் மாநாடு