Founded in 2018 by Mohammad Merie and Issa Ramadan, MADA offers a BNPL platform that lets shoppers split purchases into four interest-free instalments while giving merchants tools to boost sales and customer loyalty. The company is currently operating inside the Central Bank of Jordan’s regulatory sandbox as it refines its service and works toward obtaining a full operating licence. MADA positions its product as a driver of financial inclusion and smarter spending by combining technology, transparency, and trust. The platform aims to make purchasing easier and faster for consumers while providing seamless integrations for merchants. With its recent funding, the company plans to enhance product features and strengthen its technology infrastructure. It also intends to move from sandbox testing to an officially licensed launch and to begin regional expansion. The USD 1.55 million pre-seed round provides the capital needed to accelerate these growth initiatives.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Sep 2025