Mamun and Triterras Forge Strategic Alliance to Revolutionize MSME Finance in Oman and Introduce Innovative Payment Tech in the UAE ⁠

⁠Mamun, a cutting-edge finance and payments startup headquartered in Oman, is thrilled to announce a groundbreaking collaboration with Triterras, Inc., a leading fintech company focused on digital trade and supply chain finance. This strategic alliance aims to revolutionize the financial landscape in the Sultanate of Oman, with a primary focus on bolstering the trade finance and short-term lending sector for Micro, Small, and Medium-sized Enterprises (MSMEs).

Leveraging Triterras' technological prowess and Mamun's extensive experience in Oman's financial services sector, this collaboration is set to address the crucial challenges faced by startups and micro businesses, such as a lack of capital and financing hindering growth and market accessibility. The collaboration is tailored to provide MSMEs, particularly in the food and beverage industry, with immediate and workable financial solutions to ensure business continuity and foster growth opportunities.

As part of this transformative collaboration, Triterras will introduce Mamun's groundbreaking eDirect Debit payment technology in the UAE. Designed to offer businesses a seamless and highly efficient payment solution, eDirect Debit aligns with our commitment to enhancing the ease of handling transactions within the region. ⁠ ⁠Mohammed Al Tamami, Co-Founder and Chief Commercial Officer at Mamun, expressed excitement about expanding Mamun's eDirect Debit technology into the UAE through this collaboration with Triterras. This signifies a significant step forward in Mamun's mission to provide robust financial support, particularly in trade finance, invoice financing, and working capital loans tailored for MSMEs.Ashish Srivastava, Chief Commercial Officer at Triterras, highlighted the collaborative effort's dedication to supporting MSMEs in Oman, emphasizing the importance of enabling businesses with access to cutting-edge financial solutions. This two-way agreement not only strengthens Triterras' commitment to delivering innovative finance solutions in the Middle East but also facilitates the expansion of Triterras in the MENA region.

This collaboration holds great promise for businesses in Oman seeking financial resources by simplifying access to capital. Aligned with Triterras' global mission, the partnership underscores the commitment to supporting MSMEs and enhancing financial inclusivity for businesses in Oman.

For more information on this transformative collaboration and Mamun's pioneering eDirect Debit technology

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