News

Odoo Middle East Partners With Hotdesk Technologies

The collaboration will benefit small to medium businesses by combining Odoo’s ERP solutions with Hotdesk’s flexible workspace offerings.

Published

1 month ago

August 8, 2024

Nour Nasir

Odoo

Odoo Middle East, an ERP provider enabling companies to streamline operations, boost efficiency and facilitate improved decision-making, has announced an official partnership with Hotdesk, one of the world’s premier flexible workspace providers.

This partnership combines the two firms’ expertise to foster digital transformation and drive innovation. By leveraging Hotdesk’s robust suite of workspace solutions and hybrid work management technologies with Odoo’s CRM, accounting, and e-commerce software, the duo will be able to provide unparalleled services tailored to the unique needs of Middle Eastern businesses.

In addition, Odoo will also benefit from integration into Hotdesk’s flexible workspace solutions, allowing them to access over 650 coworking spaces, and service over 200,000 existing users across the region.

Hotdesk subscribers will benefit from a number of technical and commercial benefits from the partnership with Odoo, giving businesses of all sizes a significant advantage. Odoo will provide Hotdesk users with regular industry-specific workshops, both online and in-person, along with a free trial of the company’s software services.

To cement the new partnership, the two companies will also embark on a multi-country workshop tour. The events will be hosted in different coworking venues, while special events will also take place in the headquarters of both Odoo and Hotdesk.

Also Read: A Guide To Digital Payment Methods In The Middle East

“This collaboration represents a crucial step in integrating advanced enterprise resource planning with versatile work environments. By aligning our services, both Odoo and Hotdesk would be able to offer more dynamic and responsive solutions and allow SMEs to increase revenue, cut costs, innovate, and enhance their business as a whole,” explained Pavitra Singh, Managing Director of Odoo Middle East.

“One of the key topics of the current startup scene is: how do you run lean, efficient operations? That’s what the Hotdesk x Odoo partnership is built around – our common mission of enabling startups and SMEs to scale lean with technology that optimizes and digitizes businesses from end-to-end,” added Mohamed Khaled, CEO of Hotdesk.

News

Paymob Extends Series B Funding To $72M Amid Continued Growth

The financial services provider has secured an extra $22 million after strong performance in its core market of Egypt.

Published

22 hours ago

September 12, 2024

Nour Nasir

paymob extends series b funding to $72 million amid continued growth

Leading financial services provider Paymob has secured an additional $22 million in a funding extension, bringing its Series B total to $72 million.

The funding was spearheaded by EBRD Venture Capital, with support from Endeavor Catalyst. Existing backers such as PayPal Ventures, BII, FMO, A15, Nclude, and Helios Digital Ventures also participated, reaffirming their confidence in Paymob’s business model and potential in the regional fintech industry.

This extension comes on the back of Paymob’s strong performance in its core market of Egypt, where it has experienced 6x revenue growth since the initial Series B in Q2 2022. With the Series B extension and continued profitability in Egypt, Paymob is well-positioned to further its expansion strategy across the MENA region.

Islam Shawky, Co-founder and CEO of Paymob, commented: “We are very excited by our strong prospects in Egypt – where we hold a market-leading position – and the significant traction experienced in the UAE since launching operations there. This funding will help Paymob fully capitalize on the momentum in our established markets, as we accelerate our GCC roll-out. We remain committed to creating cutting-edge infrastructure enabling SMEs across the region to thrive in the digital economy and are proud of our continued impact”.

Also Read: Zoho Expands Qatar Operations & Releases New Survey Data

The expansion into GCC markets has been driven by Paymob’s initial Series B funding of $50 million, raised in 2022 and led by Kora Capital, PayPal Ventures, and Clay Point. The investment fueled Paymob’s growth, allowing it to launch its mobile app in 2023 and grow its merchant base by 3.5 times, now serving nearly 350,000 merchants across MENA.

Paymob has also expanded its payment acceptance suite to offer 50 payment methods through its gateway, POS terminals, and the Paymob app, providing the region’s most comprehensive fintech solution. The company recently introduced embedded checkout services for Shopify and WooCommerce, further demonstrating its commitment to empowering small and medium businesses across the region.