News

Riyadh Is Hosting The Ultimate Hack Fest At Black Hat MEA

Tickets are now available for the most eagerly awaited cybersecurity event in the Middle East, which takes place in Riyadh from 15-17th November 2022.

Published

2 years ago

October 9, 2022

Nour Nasir

Black Hat MEA

The Saudi Arabian capital of Riyadh will be home to the most respected information security event in the world this November, as Black Hat opens its doors to InfoSec heavyweights, as well as offering speaking sessions and 23 training programs to excited visitors.

The 3-day event will take place between the 15th and 17th of November and will host 250 exhibitors and over 200 speakers, with tech experts from Cisco, IBM, Spire and Infoblox all attending.

The event results from a partnership between the Saudi Federation of Cybersecurity, Programming and Drones (SAFCSP), and events company Informa Markets. It will highlight the Kingdom’s growth in cybersecurity and modern digital technology.

“Black Hat MEA is a powerful indicator of our intentions within the cybersecurity space. This partnership will spark innovation, supercharge our capacity building and develop investment opportunities which we are excited to share with the world in November,” says Faisal Al-Khamisi, Chairman, SAFCSP.

So what can event goers expect from Black Hat Riyadh?

Speakers: An exciting line-up of world-renowned experts from leading companies, including CISOs of Equifax, Boom Supersonic and Lufthansa, SolarWinds and more. The event will also welcome David Colombo, the teen tech genius who hacked Tesla cars.
Training: 23 training sessions specially developed for the event by 30 Black Hat-approved trainers will take place in a hands-on environment. Training partners include Offensive Security, we45, Orange Cyberdefense and Madiant.
Executive Summit: An exclusive conference featuring over 200 leaders in information security, including senior decision-makers in charge of implementing security strategies.
Arsenal: A developer space where the latest open-source software, tools and products will be showcased, along with hands-on experience from owners and experts.
Briefings: InfoSec gurus will present research on the latest industry trends, hacking tools and security vulnerabilities.
Capture The Flag: A jeopardy-style hacking tournament will take place, with over 1,000 participants joining the game to enhance their hacking skills at various difficulty levels for a piece of the SAR 700,000 prize fund.

Other competitions at Black Hat MEA include the Bug Bounty Cup, with a prize fund of SAR 300,000, and a startup competition featuring judges, angel investors and government stakeholders for a cash prize of SAR 90,000. The event looks set to be an exciting addition to the region’s expo calendar, so head over to the Black Hat site and get your tickets early!

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.