News

Garmin Reveals First Running Watches With AMOLED Displays

The range-topping Forerunner 965 will cost $600 when released in late March, while the 265 model launches today for $450.

Published

1 year ago

March 3, 2023

Nour Nasir

Garmin

Garmin has unveiled two new GPS smartwatches with AMOLED displays: the Forerunner 965 and 265 series. The timepieces are labeled as dedicated running watches and provide “advanced training metrics” for athletes, heart-rate variability (HRV), sleep quality, training load and more.

The high-end Forerunner 965 model comes with a 1.4-inch AMOLED display, a decent 31 hours of GPS-mode battery life and up to 23 days of use as a smartwatch. The flagship model of the series features additional performance stats over the cheaper 265, including training load ratio, stamina info and detailed climbing metrics (including gradient, distance and elevation).

The Forerunner 265 Series comes in two sizes (42mm and 46mm) and holds out for 24 hours in GPS mode or 15 days in smartwatch mode.

All of the watches in the series use Pulse Ox sensors, and offer “Body Battery” monitoring, sleep and stress stats, menstrual cycle and pregnancy tracking. As well as featuring adaptive training options and suggested workouts, the Garmin 965 and 265 both monitor v02 max and other important performance metrics.

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The Forerunner 965 will cost $600 when it hits stores in “late March”, while the cheaper Forerunner 265 is available now for $450.

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”.

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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.