Omani fintech startup Ma'moun raises $3M in seed round led by Oman Venture Investment Fund and Jasoor Ventures to expand cross-border trade finance capabilities.
Jasoor VenturesPhaze VenturesOman Venture Investment Fund
Description
Ma'moun, an Omani fintech startup, has closed a $3 million seed round led by the Oman Venture Investment Fund with participation from UAE-based Jasoor Ventures. The company will use the investment to expand its cross-border trade finance capabilities between the Gulf and Asia and to accelerate AI-based solutions for trade financing. Ma'moun operates a Shariah-compliant platform connecting trading companies with investors and finances import/export operations across the Gulf and Southeast Asia.
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Company Information
Company
Ma'moun
Location
Muscat, Muscat Governorate, Oman
About
Ma'moun is an Omani fintech startup founded in 2019 that offers a Shariah-compliant platform connecting trading companies with investors to finance import, export operations, and working capital. The platform uses AI technologies to assess financing requests and is licensed by Oman's Financial Services Authority. It operates through subsidiaries in Abu Dhabi and Hong Kong, focusing on cross-border trade finance between the Gulf and Asia.
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