News

Meta’s Quest Gaming Showcase 2 Is Scheduled For June 1st

The 40-minute VR gaming event will be streamed live on Facebook, YouTube, Horizon Worlds, and Twitch.

Published

1 year ago

May 2, 2023

meta's quest gaming showcase 2 is scheduled for june 1st

Meta has announced a date of June 1st for its now annual Quest Gaming Showcase. The 40-minute event will take place at 1PM Eastern time and will be streamed live across Facebook, YouTube, Horizon Worlds, and Twitch.

Viewers can expect to see new games and gameplay footage being revealed, along with a pre-show (13:45 ET) featuring debut trailers and title updates. After the main event, Meta will host a “deep-dive” talk with game developers.

The Quest Gaming Showcase comes at an important time for Mark Zuckerberg’s company as it attempts to pivot to the Metaverse. The social media giant recently purchased Within, creators of the VR fitness game Supernatural, and has lowered the price of its Quest Pro device to $999 to encourage adoption.

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Despite these aggressive strategies, the company’s Reality Labs unit is still losing billions of dollars annually, so the event will be vital to keep sales of VR headsets flowing.

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

2 days 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.