News

SpaceX Pitches “Global Roaming” Internet To Starlink Waitlist

The company is offering the $200 per month plan to potential users in countries where Starlink’s service isn’t yet available.

Published

1 year ago

February 20, 2023

Nour Nasir

spacex pitches global roaming internet to starlink waitlist

Although Starlink’s constellation of small satellites is growing fast, regulatory approval is patchy in several large markets, including the Middle East and North Africa region. Reports are now emerging that SpaceX is readying a global roaming service to remedy the issue.

The company recently emailed people on the Starlink waitlist inviting them to try a new $200 per month package offering internet access “from almost anywhere on land in the world”.

NEWS: Starlink is testing a new "Global Roaming Service" for $200/mo, plus the standard $599 for Hardware. Will they offer this as an add-on for $65/mo like portability? @RealTeslaNorth @MarcusTuck3 https://t.co/c2vQhtOUL8 pic.twitter.com/kiLMsMkhDY

— Nathan Owens (@VirtuallyNathan) February 17, 2023

Potential customers will need a Starlink terminal to access the service, which may incur an import fee on top of the device’s $599 price, leading many to question the advantage over the existing $25 Portability Package offered to residential users.

Also Read: Dubai Launches World’s Largest Solar-Powered Data Center

The answer seems to be found in SpaceX’s terms of service, which requires those who spend “an extended period of time” away from home to change their permanent address, with the $25 Portability Package intended as a strictly temporary plan for vacations and business trips.

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.