Oman's mamun raises $3m for Gulf-Asia trade financing

Oman-based mamun secured $3 million to expand its Gulf-Asia trade financing operations, according to Wamda reporting published November 2026. The round closed in a month when MENA startup funding fell 96 percent to $40 million, representing the lowest monthly figure since Wamda began tracking regional startup capital. The $40 million October total compared with significantly higher levels in October 2025.

Round structure and use of proceeds#

The company did not disclose the round's stage, lead investor or participating firms. mamun stated the capital will fund expansion of its cross-border invoice financing platform serving Gulf and Asian markets. The company provides working capital to businesses engaged in trade between the two regions by financing invoices before payment terms complete. Invoice financing allows exporters and importers to receive payment before standard 30 to 90 day trade credit terms expire, with the financier collecting the full invoice amount from the buyer at term.

Market context and funding environment#

The October 2026 figure marked a 96 percent decline from October 2025 levels. The contraction followed a year in which venture debt rose to 56 percent of MENA startup funding by July 2026 from 2 percent a year earlier. mamun did not state whether its $3 million round included debt or equity components. The company also did not disclose cumulative capital raised to date or previous funding rounds.

Company operations and target market#

The platform operates in Oman and targets businesses moving goods between Gulf Cooperation Council states and Asian markets. mamun did not disclose transaction volume processed through the platform, client count or revenue figures. The company did not state which Asian markets it serves or which GCC states beyond Oman it covers. Trade financing platforms typically charge fees as a percentage of invoice value or as interest on the capital advanced during the payment term.