UAE-based fintech startup Mamo has officially crossed AED 1.2 billion in total transactions, marking a major milestone in its mission to deliver simple, trustworthy financial solutions to SMEs across the region.
Licensed by the Dubai Financial Services Authority (DFSA) in 2022, Mamo exemplifies the region’s rapidly evolving startup ecosystem, offering agile, digital-first tools that meet the realities of modern business—unlike the legacy systems of traditional financial providers.
Now, Mamo is preparing to launch a dedicated credit card for SMEs, giving small businesses flexible access to short-term credit, real-time spending insights, and seamless dashboard integration with its existing financial tools.
Mamo’s CEO and co-founder, Imad Gharazeddine, commented:
“Reaching AED 1.2 billion in total processed volume isn’t just a number—it reflects the trust our customers place in us and their need for better financial tools.”
Building on its payment and business wallet products, Mamo is positioning itself as a one-stop financial platform for businesses, focused on saving them time, reducing costs, and enabling growth. Its rapid growth signals a market-wide shift towards tech-enabled financial empowerment for SMEs
