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Spotify Is Now Available In 80+ Additional Countries

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spotify is now available in 80 additional countries

Spotify, the world’s largest audio streaming platform, has recently become available in more than 80 additional countries across Asia, Africa, and the Caribbean.

Thanks to the expansion, Spotify will now be able to potentially attract as much as 1 billion new listeners, who can enjoy its growing catalog of songs and podcasts in 36 extra languages. “These moves represent Spotify’s broadest market expansion to date,” stated the Swedish company.

Currently, Spotify users from all newly supported countries have full access to the streaming platform’s global music catalog, but its podcast catalog is not yet available in certain locations. To make its services more attractive to local audiences, Spotify is determined to work with local creators and partners to expands its music offering by including regional artists.

Spotify has been with us since 2008. The service now enjoys 345 million monthly active users (155 million of which are premium paying subscribers). “For the first time ever, we have the technology to connect the world through audio,” said Chief Executive Officer Daniel Ek at an investor event known as #StreamOn.

During the event, Ek talked about Spotify’s desire to become a full-fledged audio streaming platform offering all kinds of audio content. The service is already home to around 2 million podcasts, and its audiobook library is growing at a similarly impressive pace. Spotify has also announced dozens of new original series, such as sports shows and celebrity talk shows.

Also Read: Apple Likely To Release 8K VR Headset In 2022

In addition to the market expansion, the company has also announced Spotify HiFi which will be available later this year. Spotify HiFi changes the way people listen to music as it delivers all tracks in CD-quality, lossless format, giving users much more depth and clarity.

Newly supported countries:

Angola, Antigua and Barbuda, Armenia, Azerbaijan, Bahamas, Bangladesh, Barbados, Belize, Benin, Bhutan, Botswana, Brunei Darussalam, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Chad, Comoros, Côte d’Ivoire, Curaçao, Djibouti, Dominica, Equatorial Guinea, Eswatini, Fiji, Gabon, Gambia, Georgia, Ghana, Grenada, Guinea, Guinea-Bissau, Guyana, Haiti, Jamaica, Kenya, Kiribati, Kyrgyzstan, Lao People’s Democratic Republic, Lesotho, Liberia, Macau, Madagascar, Malawi, Maldives, Mali, Marshall Islands, Mauritania, Mauritius, Micronesia, Mongolia, Mozambique, Namibia, Nauru, Nepal, Niger, Nigeria, Pakistan, Palau, Papua New Guinea, Rwanda, Samoa, San Marino, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Solomon Islands, Sri Lanka, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, Tanzania, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Tuvalu, Uganda, Uzbekistan, Vanuatu, Zambia, and Zimbabwe.

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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.

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mamo completes $3.4 million funding round to enhance fintech services
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.

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