Mamo
Mamo is a DFSA-regulated Dubai fintech that provides UAE-based SMEs and freelancers with an integrated platform for digital payment acceptance, corporate Visa cards with cashback, expense management, and global payouts. It serves over 4,000 businesses and is expanding into Saudi Arabia.
- Company typePrivate
- Founded2019
- HeadquartersDubai, United Arab Emirates
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Mamo does
Mamo is a Dubai-based, DFSA-regulated fintech operating from the Dubai International Financial Centre (DIFC) that provides an integrated digital payments and spend management platform to small and medium enterprises (SMEs), freelancers, and select verticals in the UAE, with active expansion into Saudi Arabia. The platform consolidates three core product pillars into a single dashboard and mobile experience: (1) Payment acceptance across payment links, subscription billing, e-commerce checkout plugins (Shopify, WooCommerce, Magento, PrestaShop), QR codes, and multi-currency rails; (2) Spend management, including unlimited virtual and physical Visa corporate cards with up to 8% promotional cashback (0.4%–2% standard), real-time expense tracking with WhatsApp-based receipt submission, receipt capture, and approval workflows; and (3) Financial operations, including global and bulk payouts, same-day/3-day/standard settlement options, auto top-up, and an Insights analytics dashboard. The architecture is API-first with documented developer resources at mamopay.readme.io, and integrates with major accounting platforms (QuickBooks, Xero, Zoho Books, Wafeq, Microsoft Dynamics 365, Odoo).
The business model is a hybrid of transaction-based and recurring revenue. Mamo earns interchange and payment processing fees from merchants on card-accepting volume, FX conversion fees on non-AED spending, expedited settlement fees for same-day/3-day funding, and ATM withdrawal fees (AED 5 domestic on Growth, free on Premium; AED 20 international). Recurring revenue comes from monthly Growth and Premium subscription plans that bundle higher cashback, free domestic ATM access, and priority support; corporate card issuance itself is free. The platform serves a long-tail customer base — Mamo reports more than 4,000 business customers and over AED 12 billion in processed payment volume — across verticals including legal services, e-commerce, tourism, veterinary care, automotive, retail, and travel. The go-to-market combines self-serve onboarding (free signup with verification in 2–3 business days), API-led developer acquisition, a direct enterprise sales motion with dedicated account managers, and a partner referral program. Mamo is regulated by the Dubai Financial Services Authority under a Providing Money Services license and is among the first DFSA-licensed providers to integrate Ripple's blockchain payment infrastructure for cross-border transactions.
Mamo was founded in 2019 by ex-Google executives and has raised approximately $17 million cumulatively across multiple rounds (2020 seed, 2021, 2024, and 2025), with Global Ventures, 4DX Ventures, Dubai Future District Fund, and Cyfr Capital among its investors. Strategic validation includes Fast Company Middle East's Most Innovative Companies (2022), Forbes Middle East coverage (2024), and a Dubai Chambers MoU (Feb 2026) — alongside Qashio, Pemo, and Vault — to expand SME banking alternatives in Dubai, which signals the addition of working capital lending to the product roadmap. The company is headquartered in Dubai and operates with a team of 51–100 employees.
Mamo firmographics
Firmographics- Name
- Mamo
- Legal name
- Mamo Limited
- Website
- https://mamopay.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Mamo is a DFSA-regulated Dubai fintech that provides UAE-based SMEs and freelancers with an integrated platform for digital payment acceptance, corporate Visa cards with cashback, expense management, and global payouts. It serves over 4,000 businesses and is expanding into Saudi Arabia.
- Ownership category
- akta.pro rank
Where Mamo is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices1 record
Markets served
Mamo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Payment Processing Fees: Transaction fees charged to merchants (businesses collecting payments) as a percentage of total transaction amount. Fees split with Visa, Mastercard, and other card schemes. Covers payment processing, fraud detection, and customer support.
- Corporate Card Interchange: Revenue generated from merchants where corporate cards are used. Mamo takes a cut from merchants (retailers, restaurants, etc.) when card is swiped, rather than charging cardholders. Corporate card offering is free for users.
- FX Conversion Fees: Foreign exchange fees when spending in non-AED currencies using market exchange rates
- Expedited Settlement Fees: Early access fees charged for 3 business day and same-day settlement options, allowing businesses faster access to funds
- Subscription Plans: Monthly subscription fees for Growth and Premium plans with differentiated features and cashback rates
- ATM Withdrawal Fees: Fees for ATM withdrawals: AED 5 for Growth plan in UAE, free for Premium in UAE, AED 20 for international withdrawals
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Growth Plan - Standard corporate card with moderate cashback rates |
| Subscription | Monthly | Premium Plan - Enhanced cashback and fee-free domestic ATM access |
| Transaction based/ take rate | Pay-as-you-go | First-time Card User Promotion - Limited 8% cashback for 3 months |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels8 records
Mamo product offering
Product offeringCore offering
Mamo is a UAE-based fintech platform that provides an integrated financial operating system for businesses, combining payment acceptance (payment links, subscriptions, e-commerce plugins, QR codes, multi-currency), corporate Visa card issuance with cashback rewards, expense management, and global payouts. The platform serves SMEs, freelancers, and enterprises in the UAE and Saudi Arabia, replacing multiple financial service providers with a single DFSA-regulated solution accessible via web dashboard and mobile apps.
Product overview
Mamo is a unified digital payments and spend management platform for UAE-based businesses and SMEs. The platform combines three core product pillars: (1) Payments — payment links, subscription billing, e-commerce checkout plugins, multi-currency acceptance, and QR codes; (2) Spend Management — corporate Visa cards with up to 8% cashback, expense management with receipt tracking, approval workflows, and WhatsApp expense submission; and (3) Financial Operations — payouts to vendors/partners, same-day settlements, auto top-up, and accounting integrations with QuickBooks, Xero, Zoho Books, Wafeq, Microsoft Dynamics, and Odoo. The platform also offers an Insights dashboard for revenue and spend analytics. All services are accessible via web dashboard and native iOS/Android mobile apps.
Differentiator
Problem solved
Functional benefit
Products and services
- Payment Links Digital payment request links that can be shared via email, WhatsApp, or other channels to collect payments from customers instantly. Designed for UAE-based SMEs and freelancers needing frictionless remote payment collection.
- Subscription Payments Automated recurring billing solution for subscription-based businesses, enabling merchants to set up and manage repeat payment collection. Targets subscription businesses and SaaS-style services.
- Same-day Settlements Expedited fund transfer service enabling businesses to access collected payments on the same business day for a fee. Configurable settlement schedules (same-day, 3-day, 5-day).
- Corporate Cards Virtual and physical prepaid Visa corporate cards linked to the Mamo balance, offering up to 8% cashback on spending and team spend management controls. Free card issuance.
- Expense Management Corporate expense tracking system with receipt uploads, expense categorization, approval workflows, WhatsApp-based submission, and accounting software export.
- Payouts Bulk and single bank transfer service enabling businesses to disburse funds to vendors, suppliers, partners, and employees globally directly from the Mamo dashboard.
- Partner Cards Virtual card-based instant payout product for disbursing funds to third-party partners and contractors, enabling seamless vendor and contractor payments.
- E-commerce Payments Checkout integration solutions for online stores including native plugins for Shopify, WooCommerce, Magento, and PrestaShop. Targets e-commerce merchants.
- Multi-currency Payment Acceptance Capability enabling businesses to accept payments in multiple currencies across global channels with FX conversion at market exchange rates.
- Invoice Management Digital invoicing system for creating, sending, and managing customer invoices with payment status tracking.
- QR Code Payments QR code-based payment acceptance product for in-person and digital transactions.
Quantifiable outcome
- 70% faster corporate expense management
- +2 more outcomes
Companies that use Mamo
Customer profileNamed customers11 records
Segments5 records
Ideal customer profiles4 records
Mamo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
Feature8 records
Mamo partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered flagship, minor and core.
- Dubai ChambersflagshipMemorandum of Understanding signed with Dubai Chambers to provide SMEs with alternative banking services including corporate cards, working capital loans, and online payment solutions. Part of Dubai's strategy to strengthen business ecosystem through fintech.
- QashiominorOne of four fintech firms included in Dubai Chambers MoU for SME banking alternatives. Qashio is a corporate card and expense management provider.
- PemominorOne of four fintech firms included in Dubai Chambers MoU for SME banking alternatives. Pemo is a spend management platform for businesses.
- VaultminorOne of four fintech firms included in Dubai Chambers MoU for SME banking alternatives. Vault is a fintech company providing banking solutions.
- RipplecoreMamo utilizes Ripple's blockchain payment infrastructure as one of the first blockchain-enabled payments providers with DFSA licensing in Dubai DIFC. Enables cross-border payment capabilities within regulated UAE framework.
- VisacoreCard network partner enabling Mamo's corporate Visa cards. Mamo leverages Visa's 3D Secure authentication and global card acceptance network for card issuance and transactions.
- ShopifycoreTurnkey e-commerce integration allowing Shopify merchants to accept payments through Mamo. Part of Mamo's ecosystem of platform integrations.
- WooCommercecoreTurnkey e-commerce plugin for WooCommerce-powered online stores. Enables seamless payment acceptance for WordPress-based e-commerce businesses.
- QuickBookscoreAccounting software integration for automated expense accounting and revenue reconciliation. Mamo syncs expense data and transactions directly to QuickBooks Online.
- XerocoreAccounting software integration for automated expense accounting. Mamo syncs expense data and transactions directly to Xero for bookkeeping.
- Zoho BookscoreAccounting software integration for automated expense and revenue accounting. Mamo syncs financial data with Zoho Books accounting platform.
Scale indicators6 records
Recent moves6 records
Expansion highlights7 records
Mamo competitors and assessment
Company assessmentRegional players
- Paymob: Egypt-headquartered MENA payments infrastructure provider offering payment acceptance, gateways, and value-added services to merchants — comparable regional payment-acceptance platform, though Egypt-focused.
- Tabby: MENA-region fintech primarily known for buy-now-pay-later but expanding into broader payments and financial services for merchants and consumers — comparable regional fintech addressing MENA SMB/consumer finance.
Direct peers
- Wio Bank: UAE-based digital banking platform serving SMEs and freelancers with integrated accounts, cards, and payment solutions — most direct head-to-head competitor to Mamo in the same UAE SMB fintech segment.
- Qashio: UAE-based corporate card and expense management provider; co-selected with Mamo under the Dubai Chambers MoU for SME banking alternatives, indicating overlapping product positioning and target customer.
- Pemo: UAE-based spend management platform for businesses offering corporate cards and expense tracking — co-selected with Mamo under Dubai Chambers MoU, directly comparable in product scope and SMB focus.
Broad incumbents
- Mashreq NEO: Digital banking proposition from Mashreq Bank (one of UAE's largest incumbent banks) targeting SMEs and freelancers with accounts, cards, and payment services — broader incumbent with deposit franchise advantages.
- Stripe: Global payment acceptance and financial infrastructure platform with developer-first APIs — comparable on the payments acceptance and API-first dimensions, though not regionally specialized in MENA.
Emerging players
- Brex: Global all-in-one corporate card and spend management platform for startups and SMBs with cashback rewards — closely comparable product (cards + expense + bill pay) though at vastly larger scale and US-focused.
- Tarabut Gateway: MENA-focused open banking infrastructure platform enabling account aggregation and payment initiation — adjacent fintech infrastructure player serving similar financial-services customers in the same geography.
- Ramp: US-based all-in-one corporate card, expense management, and bill pay platform for SMBs and mid-market — closely comparable product bundle (cards + expense + payments) and PLG motion, though not in MENA.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Mamo social profiles
Digital presenceMamo compliance and trust
Trust signalCompliance1 record
Mamo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mamo leadership team
Management profileNumber of profiles
Profiles3 records
Mamo funding detail
Funding detailFunding overview
Funding rounds6 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mamo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mamo
What does Mamo do?
Mamo is a UAE-based fintech platform that provides an integrated financial operating system for businesses, combining payment acceptance (payment links, subscriptions, e-commerce plugins, QR codes, multi-currency), corporate Visa card issuance with cashback rewards, expense management, and global payouts. The platform serves SMEs, freelancers, and enterprises in the UAE and Saudi Arabia, replacing multiple financial service providers with a single DFSA-regulated solution accessible via web dashboard and mobile apps.
Is Mamo a public or private company?
Mamo is a private company. It is classified as venture growth investor backed and is currently operating.
When was Mamo founded?
Mamo was founded in 2019. It employs 51 to 100 people.
Where is Mamo based?
Mamo is headquartered in Dubai, United Arab Emirates, in the Middle East region.
How does Mamo make money?
Six revenue lines are on record. Payment Processing Fees are the primary driver. The others are corporate Card Interchange, FX Conversion Fees, expedited Settlement Fees, subscription Plans and ATM Withdrawal Fees.
Who are Mamo's main competitors?
Regional players on record are Paymob and Tabby. Direct peers are Wio Bank, Qashio and Pemo. Broad incumbents are Mashreq NEO and Stripe. Emerging players are Brex, Tarabut Gateway and Ramp.
Does Mamo have an API?
Yes. Mamo offers a public API that enables developers to automate payment workflows, integrate payment acceptance into websites and applications, create custom payment flows, and embed inline payments directly into websites. The API supports payment collection, subscription management, payout creation, expense tracking, and accounting data synchronization. API documentation is available at mamopay.readme.io with reference documentation, changelog, and developer guides. Status monitoring is available at mamo.instatus.com. Custom integrations can be built using Zapier/Make for automation workflows. Developer documentation is at mamopay.readme.io/reference/get_.