News

Nothing Phone (1) Is Here, And You Can Afford It

All models of the Phone (1) are available in black or white across more than 40 markets including Saudi Arabia, Israel, and United Arab Emirates.

Published

2 years ago

July 14, 2022

David Morelo

Nothing

A new contender in the smartphone arena is here, and its name is Phone (1). The company behind it, Nothing, was founded in 2020 by Carl Pei, after the Swedish entrepreneur left OnePlus, which he co-founded along with Pete Lau.

The Phone (1) is actually Nothing’s second product. The first was a pair of Teenage Engineering-designed wireless earbuds, called Ear (1).

nothing ear 1 earbuds

Just like the wireless earbuds before it, the Phone (1) attempts to grab the attention of consumers with an unusual design and better features than what its starting price of £399 (around $475 USD) would suggest.

The base model comes with 8 GB of RAM and 128 GB of storage. It costs £50 to increase the amount of storage space to 256 GB, and £100 to also upgrade RAM to 12 GB. All models of the Phone (1) are available in black or white across more than 40 markets including Saudi Arabia, Israel, and United Arab Emirates.

The back of the smartphone features unique light strips that visually set it apart from all other devices on the market. But the light strip isn’t just about looks. For example, it indicates how full the battery is, and it can also flash to let you know that you have a new notification.

nothing phone 1 black and white

When looking at the rear side of the Phone (1), you’ll also notice two camera lenses: one standard and one ultrawide. Below both lenses are 50 MP sensors, and the main camera even has optical and electronic image stabilization (OIS and EIS), so you should be able to take sharp pictures even in low-light conditions.

nothing phone 1 camera setup

It’s worth noting that the ultrawide camera doubles as a macro camera because it can focus as close as 4 centimeters from an object.

Also Read: DDoS Attacks Are A Growing Threat In Gaming

The front side of the Phone (1) houses a 6.55-inch 1080p OLED display that can reach up to 1,200 nits of peak brightness and a refresh rate of 120 Hz. The display has a small hole-punch cutout for the front-facing 16 MP selfie camera, and it integrates an in-display fingerprint sensor.

nothing os official screenshots

Powering the Phone (1) is the Qualcomm Snapdragon 778G Plus processor. While not as capable as Qualcomm’s flagship Snapdragon 8 Gen 1 processor, it should still keep the phone’s Android-based operating system, Nothing OS, running smoothly for a long time.

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.