mamun Raises $3M Seed

mamun, a Muscat-based Sharia-compliant trade finance platform, has raised $3 million in a seed round. The company focuses on bridging the gap between shipment and payment for exporters by utilizing artificial intelligence to streamline origination and underwriting processes.

Investors

The round was led by Phaze Ventures through its Oman Fund, with participation from Jasoor Ventures.

mamun Use of Funds

mamun plans to use the capital to scale its AI-based origination and underwriting engine. This will support operations along the trade corridor between the Greater Bay Area, Oman, and the UAE.

About mamun

mamun is a fintech company that provides a platform for financing cross-border trade. It helps exporters bridge the financial gap between the time of shipment and final payment by assessing trade contracts, buyers, and shipment documents, then listing trades for investors. The company operates across Muscat, Abu Dhabi, and Hong Kong.

Funding Details

Company Website: https://mamun.om

Company: mamun
Raised: $3M
Round: Seed
Funding Date: November 4, 2026
Lead Investor: Phaze Ventures
Additional Investors: Jasoor Ventures
Software Category: FinTech
Source: https://technode.global/2026/11/04/mamun-raises-3m-seed-to-finance-gulf-asia-trade-from-muscat/