Mamo provides a financial operating system that integrates payment collection, corporate cards, and expense management into a single platform, enabling businesses in the MENA region to automate their financial operations. By eliminating foreign exchange fees and streamlining expense tracking, Mamo helps over 1,000 companies enhance cash flow and reduce operational costs.
Funding
$17.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small to medium-sized enterprises (SMEs) in the MENA region face challenges in managing their finances due to fragmented payment systems, high foreign exchange fees, and inefficient expense tracking processes. These inefficiencies can lead to increased operational costs and hinder cash flow management.
Solution
Mamo provides a financial operating system designed to streamline financial operations for businesses, offering a unified platform for payment collection, corporate cards, and expense management. The platform enables businesses to accept payments in multiple currencies across various channels, while also providing virtual and physical corporate cards with spend limits and real-time expense tracking. By automating financial tasks and eliminating foreign exchange fees on global spends, Mamo helps businesses enhance cash flow, reduce operational costs, and optimize checkout flows. Mamo also offers APIs to optimize checkout flows and automate finance operations.
Target Audience
Mamo primarily targets small to medium-sized enterprises (SMEs) in the MENA region seeking to streamline their financial operations, reduce costs, and improve cash flow management.
Features
- Multi-currency payment acceptance across various channels
- Virtual and physical corporate cards with customizable spend limits
- Real-time expense management and tracking
- Automated financial transaction management system
- Fraud detection and prevention engine
- Digital Know Your Customer (KYC) for quick user identification
- API integrations for optimizing checkout flows and automating finance operations
- Same-day settlements to ensure uninterrupted cash flow cycles
- Integration with Checkout.com for payment processing
- Account Funding Transactions (AFT) feature for card-to-card transfers