News

Instagram Reels Has Arrived To The Middle East

Published

3 years ago

March 16, 2021

instagram reels has arrived to the middle east

Instagram’s long awaited short-form video-sharing feature, Instagram Reels, has finally started rolling out in the Middle East. During Instagram’s previous “House of Instagram” event, the company announced that Reels would be a brand-new way for content creators and businesses in the MENA region to create and discover short and entertaining videos. The announcement of Reels comes just days after Instagram released Instagram Music in the Middle East.

Reels allows users to take and edit multi-clip videos up to 30 seconds long, with the ability to add effects and other new tools dedicated to this feature. Once taken, users can share Reels with their followers (for private accounts) and potentially with the entire Instagram community (your account will need to be set to public).

Instagram

If you have the latest version of Instagram installed on your smartphone, you should see the Reels icon in the bottom center of the app’s homepage.

“Self-expression and versatility are part of the creative DNA of the region’s Gen Z and millennial population. As one of the primary platforms for this group of creators, we have always sought to adapt our features to what they need. With Reels, they now have more leverage when it comes to creating and sharing short-form content. Reels provides our community with greater freedom and flexibility to innovate, experiment and elevate their content, and we cannot wait to discover a new generation of talent via the feature.” said Samer Jamal, strategic partner manager at Instagram MENA.

Also Read: How To Find & Cancel Pending Instagram Requests

Instagram isn’t the only company to explore this type of short-form content. Last September, YouTube announced a similar feature called “Shorts” which gives creators the ability to capture short and catchy videos straight from their smartphone.

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.