Mamo, a Dubai-based digital wallet and payment platform set up by three former Google engineers, has raised $8 million in a Pre-Series A funding round.
The round was led by Global Ventures, along with the participation of 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Fintech-focused Silicon Valley investors.
Mamo’s digital wallet and payments platform majors on peer-to-peer payments, enabling its users to send and receive payments from anyone in the UAE with a few taps on a smartphone and zero fees.
