Dubai-based financial services firm Mamo has raised $4.3 million in new funding. Founded in 2019, the company offers services such as payment collection, corporate cards and expense management for small and medium-sized enterprises (SMEs) in the United Arab Emirates (UAE). “Mamo’s mission is to empower people to manage and grow their money through simpler, faster and friendlier finance,” Mamo wrote on LinkedIn last week. In other SME news, PYMNTS wrote recently about the potential for embedded lending opportunities for micro and small businesses (MSBs) in the U.S. Recent research by PYMNTS Intelligence and Visa shows modest interest among U.S. lenders in expanding their embedded lending offerings.

Source: The North Africa Journal July 28, 2024 23:04 UTC