Omani Fintech Mamun Attains Crucial Regulatory Licenses

Mamun, a prominent Omani fintech firm, has achieved major milestones in securing regulatory approvals. The Capital Market Authority (CMA) has granted Mamun a full crowdfunding license, while the Central Bank of Oman (CBO) has provided per-approval for a Payment Service Provider (PSP) license.

Commitment to Fintech Innovation and Infrastructure

These significant regulatory achievements underscore Mamun's dedication to delivering cutting-edge fintech infrastructure to various third-party systems, the firm announced.

Empowering Third-Party Systems with Fintech Solutions

Operating as a fintech infrastructure-as-a-service provider, Mamun offers a proprietary technology platform. This empowers telecom companies, banks, and large startups with essential tools and capabilities to introduce fintech services and products.

Mohammed al Tamami, co-founder and chief commercial officer of Mamun, expressed enthusiasm about the granted licenses. "The full crowdfunding license by the CMA and pre-approval for the PSP license by the CBO highlight our commitment to offering state-of-the-art fintech infrastructure and comprehensive solutions. We're excited to broaden our offerings and collaborate with industry leaders like Fasset to shape the future of finance."

As the first Omani tech company exporting its technology beyond Oman, Mamun's technology is presently licensed by renowned entities such as Foodics in Saudi Arabia, a unicorn valued at over a billion dollars.

Vision for the Future of Finance

Tamami outlined Mamun's goal to leverage its payment technology and crowdfunding expertise. This aims to deliver comprehensive financial, investing, and payment products to businesses and investors. "By integrating these powerful technologies, Mamun is set to revolutionize the fintech landscape, providing seamless, end-to-end solutions," he remarked.

Empowering Businesses and Investors with Innovative Solutions

Highlighting Mamun's role as a pioneer in fintech advancements, Tamami emphasized the firm's commitment to empowering businesses, investors, and end-users with secure, efficient, and transformative financial solutions.

Pioneering Oman's Fintech Landscape

"With the full crowdfunding license and pre-approval for the PSP license, Mamun is well-positioned to spearhead the industry's digital transformation and nurture a thriving fintech ecosystem in Oman," he concluded.