Latest news with #financialtools
Zawya
3 days ago
- Business
- Zawya
Mamo crosses AED 1.2bln in total payment volume
Dubai, UAE - Mamo, the UAE-born fintech building the future of business finance, today announced that it has crossed AED 1.2 billion in total payment transaction volume. The milestone marks a major step forward in the company's mission to simplify financial operations for businesses in the region. Founded with the goal of empowering businesses through simpler, faster, and more transparent financial tools, Mamo has rapidly grown into a trusted partner for thousands of businesses across the UAE. ' Reaching AED 1.2 billion in total processed volume isn't just a number - it's a reflection of the trust our customers place in us and their pressing need for better financial tools ', said Imad Gharazeddine, co-founder and CEO of Mamo. ' Our vision is to become a one-stop financial management platform for businesses - offering everything from payments to expense management, and credit. ' Following the success of its core payments and business wallet products, Mamo is expanding its offerings to support the full financial life cycle of a business. In the coming months, the company will launch a Mamo-branded credit card designed specifically for growing businesses, providing flexible access to short-term credit, real-time spend insights, and seamless integration with Mamo's dashboard. Mamo's growth reflects a broader shift in the region toward smarter, founder-friendly financial infrastructure. With legacy payments infrastructure often falling short of the needs of modern businesses, Mamo's agile and tech-first approach has resonated deeply with the UAE's entrepreneurial ecosystem. As it continues to scale, Mamo remains focused on key pillars: trust, simplicity, and financial empowerment. With the AED 1 billion milestone crossed, the company is doubling down on innovation to help businesses save time, reduce costs, and grow with confidence. About Mamo Mamo is a UAE-based fintech company that helps hundreds of businesses save time and costs by automating payment collection and corporate expense management through a single platform. In 2022, Mamo became the first fintech startup licensed by the DFSA with a Category 3C Providing Money Services license. For more information about Mamo and its services, visit
Finextra
4 days ago
- Business
- Finextra
Citizens Bank of Edmond signs with InvestiFi
Citizens Bank of Edmond has entered into a strategic partnership with InvestiFi, an embedded investing platform, to bring a comprehensive suite of digital investment tools to its account holders. 1 This partnership will enable the bank's more than 14,000 customers across the greater Oklahoma City area to access securities and guided investing solutions directly through its existing online and mobile banking channels. By embedding these tools within its digital ecosystem, Citizens Bank of Edmond is making it easier than ever for customers to confidently begin or grow their investing journey, without needing to leave the secure, familiar platform they already trust for their everyday banking. 'At Citizens Bank of Edmond, we believe in empowering our customers through innovation, making banking a seamless part of their lives,' said Jill Castilla, President & CEO of Citizens Bank of Edmond. 'Our partnership with InvestiFi is a testament to this commitment. By integrating advanced digital investing tools into our offerings, we enable our account holders to manage their investments effortlessly and confidently—right from the palm of their hand.' 'Citizens Bank of Edmond is setting a strong example for what it means to be a forward-thinking, community-driven financial institution,' said Kian Sarreshteh, CEO and Co-Founder of InvestiFi. 'Through our partnership, they're delivering a fully integrated, in-app investing experience that meets rising customer expectations—while preserving the trust and personal service that sets community banks apart.' Purpose-built for community banks and credit unions, InvestiFi's white-label platform allows financial institutions to offer modern, user-friendly investing tools without the need to develop new infrastructure or send customers to third-party platforms. The result is a streamlined experience that strengthens the relationship between banks and their customers while expanding access to wealth-building opportunities. Sarreshteh continued,'InvestiFi was designed to help local banks and credit unions compete with the digital capabilities of large fintechs, without losing ownership of the customer experience. Citizens Bank of Edmond can now offer the same high-quality investment tools as national players, all under their own brand, and all within their own digital environment. That's the true value of this partnership.' This collaboration reinforces Citizens Bank of Edmond's mission to evolve alongside customer needs while continuing its legacy of community engagement, personal service, and financial empowerment—a tradition it has upheld for more than 120 years.
