News

4Sale Launches New Realty Platform In Kuwait

The premium digital experience will offer commercial and residential property to buy or rent, shaking up Kuwait’s $12 billion real estate market.

Published

9 months ago

November 6, 2023

Nour Nasir

4sale launches new realty platform in kuwait

4Sale, Kuwait’s largest online classifieds platform, has announced the launch of a new real estate experience, 4Sale Realty.

The new realty portal aims to shake up Kuwait’s property sector and revolutionize buying, renting, and selling commercial and residential property.

4Sale Realty will feature immersive interactive 3D tours and an accurate measurement tool to explore the exact dimensions of every listed property. Meanwhile, a team of dedicated agents will manage property listings from end to end, making the platform not just engaging but offering genuine on-the-ground experience of the country’s local markets.

Before the launch of its dedicated Realty platform, 4Sale was already a significant real estate advertiser in Kuwait, hosting over 60,000 listings across the country during 2022 alone.

“We are delighted to launch 4Sale Realty to our customers in Kuwait. Housing demand is projected to rise continuously, and the sector is ripe for technological disruption. We have developed a digital real estate experience to transform the process of buying, selling, and renting property in Kuwait. Part of 4Sale’s rapid growth is driven by a deeper expansion into key verticals – such as real estate, where we already had a strong market position – and I am very excited for consumers to experience it,” said Tarek Sakr, Chief Executive Officer of 4Sale.

Also Read: Mubadala-Backed Tabby Raises $200 Million In Funds

Kuwait continues to invest heavily in cutting-edge technology, and platforms like 4Sale Realty contribute considerably to the growth of the digital economy. The website is already hugely popular, with over 2 million registered users listing 12 million items since its inception.

News

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

1 day ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.