News

Netflix To Give 5 Arab Female Filmmakers A $250,000 Grant

This is AFAC’s second collaboration with Netflix, and it aligns perfectly with its mission to promote diversity of voices and narratives.

Published

2 years ago

April 23, 2022

David Morelo

In 2021, Netflix set up its Fund for Creative Equity to create more opportunities for people from underrepresented communities. Now, the subscription streaming service and production company is partnering with the Lebanon-based Arab Fund for Arts and Culture (AFAC) to offer a $250,000 grant to 5 Arab female filmmakers.

“The Fund for Creative Equity helps the industry as a whole to have a much more dynamic, interesting, multidimensional representation of women, and this is one step in the journey to enabling more women to tell their stories and have new audiences discover their work”, said Nuha El Tayeb, Director Content Acquisitions, Middle East, and Turkey at Netflix.

Also Read: Disney+ Confirms Its Middle East Launch Date

The one-off grant will go to five projects across the MENA region:

The Mother Of All Lies by Asmae El Moudir (Morocco): A documentary focusing on the 1981 Bread Riots in Morocco and its impact on the director’s family and contemporary society.
My Name Is Clara by Sarra Abidi (Tunisia): A story of a call center operator named Ayda, who is living an ordinary and repetitive life.
Manity by Tania El Khoury (Lebanon): An examination of the relationship between an 11-year-old son and his father as they go bird hunting.
The Day Vladimir Died by Jana Wehbe (Lebanon): A story of an old man who spends his time checking the obituaries page and attending funerals.
From The Other Shore by Diala Kachmar (Lebanon): A movie about two handicapped friends who navigate life together.

This is AFAC’s second collaboration with Netflix, and it aligns perfectly with its mission to promote diversity of voices and narratives. “More and more Arab female filmmakers are creating moving images that have the power to shed light on the realities of the region,” said Rima Mismar, AFAC’s current Executive Director.

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

18 hours 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.