News

Blinx Brings Fresh Storytelling & News To Middle Eastern Youth

The digital media hub aims to connect and empower Gen Z and Millennial viewers across a range of platforms.

Published

10 months ago

September 17, 2023

Nour Nasir

Blinx

Blinx, the Middle East’s new digital media hub, aims to empower Gen Z and Millennial viewers using digital storytelling and news stories across a range of platforms and devices.

Since being announced in March 2023, Blinx has been on a mission to deliver the most authentic narratives and culturally relevant content to young Middle Easterners.

nakhle elhage blinx dubai

Nakhle Elhage, General Manager of Blinx, explained: “We’ve made remarkable strides since our brand name announcement. The launch of Blinx is not just about compelling content creation. It’s a digital media powerhouse that promotes storytelling excellence in a myriad of genres like entertainment, infotainment, news, business, lifestyle, sports, self-development, climate change, and more. Our Smart TV App also offers exclusive long-form content such as investigative journalism, talk shows, and live broadcasts”.

The MENA region currently has one of the highest youth unemployment rates in the world, at over 26%. Blinx already employs around 150 young professionals, helping to buck the negative trend while simultaneously offering a voice to the disaffected youth. “Content creators and creative storytellers are on a mission to shift perspectives,” Elhage said. “Not only are they talented and bold, but they also embody the youth’s energy, dynamism, and resourcefulness that is Blinx”.

blinx dubai media city

Blinx is headquartered in Dubai’s Media City. The company has already doubled in size since its launch and now boasts a wealth of cutting-edge technology in its production facility. Alongside state-of-the-art VR technology, Blinx also has the capability to create Metaverse and extended reality content and is also trialing AI tools alongside advanced analytics.

Also Read: Mitgo Launches MENA Publisher Investments Program

“Technology is designed to transport audiences beyond traditional storytelling, pushing the limits of innovation, news, information, data, and others,” said Fadi Radi, Blinx’s Chief Creative Officer. “Our featured stories cater to tech-savvy youth, offering a blend of entertainment and insightful inspiration. End-users can effortlessly swipe through stories, engaging with content creators and peers”.

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.