Jordanian consumer financing company, Mada, has announced the closing of a $1.55 million Pre-Seed funding round. The investment was led by Vision Ventures with participation from D-Investments.
Strategic Funding for Growth
The newly secured capital is earmarked for enhancing Mada’s product offerings and strengthening its technological infrastructure. This strategic investment will pave the way for the company’s planned expansion and the broader rollout of its “Buy Now, Pay Later” (BNPL) service across Jordan.
Navigating The Regulatory Sandbox
Mada is currently operating within the Central Bank of Jordan’s regulatory sandbox. This crucial phase allows the company to test its services in a controlled environment as it prepares to secure a full license and officially launch its platform to the public upon completion of the trial period.
About Mada
Founded in 2018 by Mohammed Marei and Issa Ramadan, Mada aims to provide accessible and convenient financing solutions. The company is focused on boosting financial inclusion by offering consumers flexible payment options and supporting their purchasing power.
Source: Jawlah
