- Mada closed a $1.55M Pre-Seed funding round, led by Vision Ventures with participation from D-Investments.
- The company offers a “Buy Now, Pay Later” service in Jordan and currently operates within the Central Bank’s sandbox.
- The funding will support product development and tech infrastructure, paving the way for expansion and official launch.
Mada, the Jordan-based consumer financing solutions company, announced the closure of a $1.55 million Pre-Seed funding round, led by Vision Ventures with participation from D-Investments.
The company offers a “Buy Now, Pay Later” (BNPL) service in Jordan and plans to utilize the new funding to further develop its product and strengthen its tech infrastructure, paving the way for expansion and a wider-scale launch.
Mada is currently operating within the Central Bank of Jordan’s regulatory sandbox, in preparation for obtaining full licensing and officially launching the service once the testing phase is complete.
Founded in 2018 by Mohammad Merie and Issa Ramadan, Mada aims to provide simple and accessible financing solutions that promote financial inclusion and empower consumers with flexible payment options.
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