News

Get Ready For Amazon Prime Day — July 11 & 12, 2023

Historically, the two-day sale offers some of the best deals of the year, especially on Amazon-branded products.

Published

1 year ago

June 21, 2023

Nour Nasir

Amazon

Are you ready to snap up a selection of bargains from one of the biggest sale events of the year? If you have cash burning a hole in your wallet and can’t wait for Black Friday and Cyber Monday, get ready for Amazon Prime Day, taking place on July 11 and 12.

The huge sale by the world’s most popular eCommerce platform kicks off at 11:00 in the UAE (10:00 in Saudi Arabia) on Tuesday, July 11, with huge discounts offered to Amazon Prime members on a wide range of products.

We have yet to hear details about what will be on sale, but based on past Prime Days, Amazon’s own range of devices are likely to see the largest discounts. Last year, Amazon began offering great deals on Echo speakers, Alexa-enabled devices, and Eero routers in late June, so keep a close eye out for bargains as we countdown to the main event.

In addition to physical products, we’re expecting discounts on Prime Video and Amazon Music Unlimited subscriptions, plus invite-only deals allowing Prime members to sign up in advance for offers that are expected to sell out.

Also Read: Adobe Firefly AI Image Generator Comes To Photoshop

As well as Amazon-branded products, the two-day sale will offer steep discounts on a wide range of electronics, including 4K TVs, robot vacuums, headphones, laptops, and much more. Although readers are probably most interested in grabbing a tech bargain, there will also likely be plenty of great deals to be had on homeware, toys, beauty products, and most other product categories.

Prime Day will be available to Prime members in 25 countries, including Egypt, Saudi Arabia, and the United Arab Emirates, in the MENA region.

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.