Company Research Report: Mamo

Company Overview

Name:

Mamo

Mission:

Mamo aims to empower people to manage and grow their money through simpler, faster, and friendlier finance solutions.

Founded:

Mamo was officially registered on June 1, 2019.

Founders:

• Asim Janjua

• Imad Gharazeddine

Key People:

• Imad Gharazeddine, CEO

• Asim Janjua, CXO

Headquarters:

Dubai, Dubai International Financial Center (DIFC), United Arab Emirates

Number of Employees:

51-200

Revenue:

No information is available

Known For:

Mamo is known for transforming businesses by consolidating payment collection, corporate cards, and expense management into one intuitive platform.

Products

Payment Solutions

• Payment Links: Mamo provides multiple channels like payment links, e-commerce checkout, digital invoices, and QR codes.

• Key Features: Custom branding, limit management, over 15 currencies supported, real-time reporting.

Financial Management

• Mamo Balance: Serves as a financial control center for collecting payments, funding corporate cards, and making payouts.

• Key Features: Earn up to 2% cashback, same-day settlements, real-time view of funds.

• Expense Management: Streamline corporate expenses with flexible funding options from Mamo balance.

• Key Features: Control spending, connect to accounting software like QuickBooks, Xero.

Corporate and Virtual Cards

• Mamo Card: Offers credit and virtual cards for corporate spending.

• Key Features: Track spending, manage limits, earn cashback, enhanced fraud protection.

Integrations

• APIs and Plugins: Enables seamless integration with platforms like Shopify, WooCommerce, Zapier, and Make.

• Key Features: Custom APIs, app connectivity, automated workflows.

Recent Developments

New Products and Features

• Virtual Corporate Cards: Issued via API for streamlined corporate expenses.

• Credit Cards: Offers flexibility and secure transactions with full visibility.

Partnerships

• Lyvely Partnership: Mamo became the preferred payment provider, facilitating settlements between Lyvely and its content creators.

Expansions and Improvements

• 8% Cashback Initiative: Offered for non-AED spending.

• Platform Updates: Over 100 updates in 2024 including enhanced designs, global search, WhatsApp expense management, and Slack integration.

Security and Compliance

• Regulation and Compliance: Regulated by the Dubai Financial Services Authority (DFSA), PCI DSS compliant ensuring data protection.

This report provides a detailed assessment of Mamo, focusing on its foundational details, product offerings, and recent advancements to present a clear and structured overview of the company's current market standing.