Sharia-compliant fintech platform mamun has secured $3 million in seed funding led by Phaze Ventures. The Muscat-, Abu Dhabi-, and Hong Kong-based platform provides trade financing for SMEs across the Greater Bay Area–Oman–UAE corridor.
Sharia-compliant trade finance platform mamun has raised a US$3 million seed round led by Phaze Ventures with participation from Jasoor Ventures. The capital will expand its AI-native underwriting infrastructure across the Greater Bay Area–Oman–UAE trade corridor. Approximately 40% of the platform's settlements currently clear through Hong Kong-based entities.
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