News

Samsung Galaxy Unpacked Will Take Place On February 1st

Journalists expect the new Samsung Galaxy S23 series to be the main focus of the San Francisco event.

Published

2 years ago

January 11, 2023

Nour Nasir

Samsung

Readers may remember us reporting that Samsung’s Colombian website had inadvertently revealed the date of an upcoming Galaxy Unpacked event. Now, it seems those rumors have been proven correct.

The Korean tech behemoth has just announced the first Galaxy Unpacked event of 2023, which will take place at The Masonic Auditorium, San Francisco, on February 1st at 1PM Eastern time. Unlike last year’s conference, which happened under COVID-19 restrictions, this year’s event will be held in person.

Also Read: Razer Reveals New Products, Including Leviathan V2 Pro Soundbar

Samsung remains tight-lipped about what to expect, but fans tuning in to the event’s live stream can expect to see the launch of the Galaxy S23, featuring a Snapdragon 8 Gen 2 processor. The S23 Ultra version of the handset could also pack a massive 200-megapixel front camera, with an improved selfie shooter, emergency satellite messaging, and quite possibly a flat display.

We can’t wait to watch the live stream and eventually get our hands on the new hardware when it hits the market!

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

2 days 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.