News

POCO Unveils New X5 Pro And X5 5G Smartphones

The company claims the handsets will offer amazing value and the most satisfying user experience of a smartphone under AED 1000.

Published

1 year ago

February 8, 2023

Nour Nasir

POCO

To celebrate its 5th anniversary, POCO has launched two new smartphones in the United Arab Emirates, the POCO X5 Pro and POCO X5 5G.

The handsets boast several upgrades over previous models and promise to delight tech enthusiasts looking for flagship features at a lower price point. While the Pro model packs in more advanced tech, the mid-range X5 5G also looks well-specced for its modest outlay.

Here are the specifications of both new devices:

POCO X5 Pro

The POCO X5 Pro comes with a 6.67″ Flow AMOLED display with a 120HZ refresh rate, similar to most modern flagship devices. The screen is said to be lighter and thinner than previous devices thanks to “flexible display technology” and promises ultra-smooth scrolling and stunning color reproduction.

The X5 Pro is powered by a Snapdragon 778G 5G chipset, which should make day-to-day operation extremely snappy, though POCO is keen to point out that camera processing will also be much more efficient. The tech firm claims that the 108MP camera has seen processing speeds and responsiveness jump by 69% for general photography and 38% for night mode shooting.

Finally, the X5 Pro will come in black, blue, or yellow colorways. There’s only one storage and RAM variant on offer, shipping with 256GB and 8GB, respectively.

POCO X5 5G

The POCO X5 5G is said to “redefine ideas about mid-range smartphones with everything Gen Z users need.” To that end, there’s a super light 6.67-inch AMOLED Dot display which helps the handset to achieve a weight of 189g.

poco x5 5g smartphone

The display gets the same smooth 120HZ refresh rate as the Pro model, though it sees a slight processor downgrade, utilizing the Snapdragon 695 chipset.

The POCO X5 5G will ship in green, blue, and black, with two RAM and storage variants: 6GB+128GB and 8GB+256GB.

Price & Availability

The X5 Pro will cost 1549 AED, while the X5 5G will set smartphone shoppers back between 799 AED and 999 AED, depending on spec.

Both handsets are available as of February 7th.

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.