News

Anghami Teases Possible Cryptocurrency Token

Anghami may soon bring 70 million users into Web 3.0 with its new cryptocurrency token.

Published

3 years ago

November 10, 2021

anghami teases possible cryptocurrency token

Anghami, one of the MENA region’s most popular music streaming services has hinted through its co-founder, Elie Habib, the possibility of creating their own cryptocurrency token known as “Anghami” token.

Earlier today, Habib posted a screenshot of his personal Anghami account showing a new section which would potentially allow users to connect their MetaMask or Rainbow Ethereum wallets in order to start earning the company’s new token as well as invest in select artists and podcasters.

elie habib anghami cryptocurrency token

As a caption for Habib’s post, he wrote “Probably nothing” which makes users believe that the company is most probably up to something interesting.

Also Read: Anghami Lab Venue To Bridge Digital And Traditional Entertainment

Discord’s CEO, Jason Cirton, shared a similar screenshot on his Twitter account yesterday hinting that Discord accounts linked to Ethereum may be on their way.

discord could be adding ethereum cryptocurrency

With the spotlight on Web 3.0, it seems like companies around the world are racing to the decentralized web.

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.