News

Samsung’s New Galaxy Phones Will Be Revealed On January 17

The Galaxy S24 lineup is expected to be the highlight of the Korean tech giant’s next Unpacked event.

Published

7 months ago

January 3, 2024

Nour Nasir

Samsung

Samsung is set to unveil its next line of mobile devices — likely the Galaxy S24 series — on January 17. The company’s Unpacked event will be one of the first major smartphone reveals of 2024, and the new devices are tipped to include several AI-powered features alongside the usual camera and processor upgrades.

Samsung typically uses new camera technologies to elevate its Galaxy phones over previous models. This year, however, AI is expected to feature heavily in the S24 lineup. The smartphones will be the first new devices to include Galaxy AI, which the company has already described as a “comprehensive mobile AI experience” during a teaser announcement last November.

Various rumors and leaks suggest that we should also see a titanium chassis design, along with flatter edges for the top-of-the-line Ultra model.

Also Read: Dubai Startup Creates Iron Man-Style Smart Contact Lens

The event takes place on January 17 in San Jose, California, at 10 am Pacific Time. There will also be a live stream of the event and a promotion offering $50 of credit for customers who want to reserve a handset through Samsung’s website.

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.