News

Digital Content Creation Hub Blinx Launches In Dubai

The startup describes itself as the first digital native storytelling hub in the MENA region.

Published

1 year ago

March 9, 2023

digital content creation hub blinx launches in dubai

Based in Dubai Media City, Blinx is a digital content creation hub that will produce news and short-form storytelling pieces targeting Gen Z and millennial audiences in the Middle East and beyond.

According to Blinx’s general manager and leading journalist, Nakhle Elhage, the platform will focus on a “more story, less noise” approach to content creation, delivering relatable media to its target audience.

blinx dubai media city

“Our purpose is to inspire the youth through honest, genuine, and spectacular storytelling […] powered by the best tech and people available, we help build a better tomorrow,” says Mr. Elhage.

Blinx will be equipped with cutting-edge metaverse and AR-equipped studios and production facilities, while control rooms will utilize the latest live production tools to analyze videos and data.

Also Read: Flat6Labs Is Seeking The Next Big Levant Region Startups

Blinx will distribute content through its own online portal and social media platforms. The startup also plans to launch various apps to offer a live production experience to users.

In terms of content, the Blinx platform will include infotainment and entertainment, plus news and current affairs. The startup also plans to add gaming to its extensive media catalog.

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.