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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