mamun raises $3M seed round led by Phaze Ventures to finance cross-border trade between Gulf and Asia regions.
Amount Raised
$3 Million
Round Type
Seed
Investors
Description
mamun, a Sharia-compliant trade finance platform, has closed a $3 million seed round led by Phaze Ventures' Oman Fund, with participation from Jasoor Ventures. The funding will scale mamun's capital infrastructure for trade finance along the Greater Bay Area–Oman–UAE corridor, anchored in Muscat, Abu Dhabi, and Hong Kong. mamun's AI-native underwriting platform assesses companies and shipments to bridge trade finance gaps for small exporters. The round addresses the global $2.5 trillion trade finance gap identified by the Asian Development Bank.
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