Mamun Crowdfunding Crosses 1 Million OMR in Sharia-Compliant Supply Chain Financing in Less Than a Year

Muscat, Oman - September 2024 — Mamun Crowd Financing is proud to announce a significant milestone in our journey of supporting Oman's diverse business landscape and wealth creation for retail investors Since our launch in October 2023, we have successfully crossed 1 million OMR in Sharia-compliant supply chain financing, empowering various businesses of different sizes across the Sultanate in less than a year.

This achievement underscores our commitment to providing ethical and inclusive financial solutions, fostering economic growth, and supporting the entrepreneurial spirit in Oman. Our innovative approach to crowd financing has enabled us to bridge the gap between investors and businesses, ensuring mutual growth and prosperity.

Major Milestones Achieved

Diverse Industry Support:

Mamun Crowd Financing has provided vital financial support across several key sectors, including:

Technological Innovation and Future Vision:

Mamun's core technology, on which our crowd financing platform is built, was launched in 2020 and is recognized as the first fintech export in Omani history. This proprietary technology is utilized by leading organizations such as the Saudi unicorn Foodics, Oman Housing Bank, telco operators in Oman, and others.

We believe that our proprietary technology and advanced risk models provide Mamun with the freedom to evolve into a tech and financial institution of the future—one that truly considers Oman’s unique context. This technological foundation will ensure that Mamun remains competitive and adaptable, driving innovation and growth well into the future.

Rapid Campaign Success:

In June 2024, we launched a 100k OMR crowdfunding campaign that closed within just three hours, demonstrating the robust demand and trust in our platform.

Expanding Partnerships:

In July 2024, we entered into negotiations for a potential partnership with a platform serving creators and freelancers. This collaboration aims to expand our reach and offer more diverse financing opportunities.

Investor Growth and Diversity:

Mamun Crowd Financing now boasts a growing community of 3,700 investors from over 7 countries, showcasing our global appeal and the trust we have garnered in the international market.

Facilitating Cross-Border Trade:

Our solutions have facilitated numerous trade finance transactions across borders, helping businesses expand and thrive in the global market.

User Engagement and Growth:

We have analyzed and leveraged data on user demographics, investment patterns, and subscription levels to continuously enhance our platform and services. This data-driven approach has been instrumental in tailoring our offerings to meet the evolving needs of our users.

Leadership and Vision:

Under the leadership of CEO Saleh Al Tamami, CCO Mohammed Al Tamami, and CTO Ahmed Al Issaei, Mamun Crowd Financing has navigated challenges and opportunities with a clear vision for sustainable and inclusive growth.

Looking Ahead

At Mamun Crowd Financing, we believe that financing investments  is just the beginning. To better support businesses, we are developing a suite of investment products for both retail and institutional investors. These new products will not only enhance our crowd funding  portfolio but also provide businesses with the tools they need to succeed.

As we look towards the future, Mamun Crowd Financing remains dedicated to expanding our crowd powered Sharia-compliant financial solutions and supporting a wider range of businesses. Our focus will continue to be on innovation, inclusive, and ethical practices, ensuring that we contribute positively to the economic development of Oman.

We invite investors and businesses to join us on this exciting journey as we continue to make impactful strides in the world of crowd financing.