News

Ring Introduces Spotlight Cam Plus In Saudi Arabia

The company is elevating its outdoor security lineup with features including color night vision and built-in spotlights.

Published

1 year ago

March 21, 2023

Nour Nasir

Ring

Ring has been at the forefront of smart home security for a decade, offering an affordable range of whole-home tech to make neighborhoods safer.

Today the company has introduced a brand new product for the Saudi Arabian market called the Spotlight Cam Plus — a next-generation device featuring a wide-angle lens, 1080p HD video, built-in LED spotlights, and a powerful alert siren.

The Spotlight Cam Plus builds on the previous model’s feature set with Color Night Vision, wired and battery-powered modes, plus an all-new design.

Smart, Customizable Outdoor Security

The Spotlight Cam Plus is available in black or white and retains all of the regular features Ring users have come to rely on, including real-time notifications, Two-Way Talk, and Live View.

The new Color Night Vision mode is improved by two motion-activated LED spotlights, allowing homeowners to keep a watchful eye on their property, day or night. In addition, Customizable Motion Zones can be set to trigger events, with Privacy Zones excluding certain areas from the camera’s field of view.

Also Read: The Largest Data Breaches In The Middle East

Solar Panel USB-C

As well as announcing the new Spotlight Cam Plus, Ring also introduced its new Solar Panel USB-C solution. The unit connects seamlessly to the Spotlight Cam Plus and other Ring devices and can keep the cameras topped up with power after only a few hours of direct sunlight, using an adjustable arm to achieve the correct angle for the solar panel.

Pricing & Availability

Spotlight Cam Plus and Solar Panel USB-C are available now on Amazon.sa in Saudi Arabia, starting from SAR 779 for a kit including both devices.

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.