News

Instagram Lite Delivers All Essential Features In Just 2 MB

Published

3 years ago

March 18, 2021

Instagram users in more than 170 countries can now download a lite version of the Instagram app from the Google Play Store. The app, called simply Instagram Lite, delivers all essential features the photo and video sharing social network has to offer while using up only 2 MB of storage space.

Since the outbreak of the COVID-19 pandemic, many Instagram users have lost access to high-speed internet networks, forcing them to rely on slow and often expensive mobile data instead. One of these users was Michelle Lourie, who’s also a product manager at Facebook.

Working in Israel, she and her team in Tel Aviv collaborated with a New York-based team to develop a lighter alternative to the Instagram app, one that would work great even on low-end Android devices without any major compromises.

“No matter where they are, people want to be entertained and inspired by those that they love. It’s difficult to do that on Instagram with an entry-level phone that has storage constraints,” said Lourie in a statement. “We wanted the Instagram experience to remain fast, high-quality, and reliable, irrespective of the device, platform, and network people are on,” added Tzach Hadar, Director of Product Management at Facebook Tel Aviv.

Also Read: Instagram Music Is Finally Available In The Middle East

After a year of development, Instagram Lite was born. The new app requires users to download only 2 MB of data (the full-size version is approximately 30 MB large), but it offers just about all essential features, including photo and video uploads, creative tools, instant messaging, and more.

Facebook

Additional features will be introduced in future updates. For example, the app’s developers are already working on a dark mode option after receiving countless requests from early users. For people who live in communal areas and close quarters, it’s really important to browse more privately and not bother those around them,” explained Lourie.

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.