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Starlink To Launch In Lebanon As Soon As 2022

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starlink to launch in lebanon as soon as 2022
Starlink

After launching its beta service to select customers across the United States and Canada, Elon Musk’s satellite internet constellation, Starlink, is set to launch in Lebanon as soon as 2022.

Last year, Lebanese computer science researcher Nadim Kobeissi asked Elon Musk on Twitter to position one of his satellites over Lebanon. His tweet quickly gained traction among other Lebanese Twitter users, many of which have to rely on slow and unreliable internet connections that are behind the rest of the world.

To everyone’s surprise, Musk replied, assuring Nadim that Starlink would provide global coverage. Well, it’s now clear that Musk was serious because pre-orders are already available with a fully refundable deposit of $99. The deposit will go toward the cost of the hardware kit ($499), the monthly service fee ($99 a month), and the shipping & handling fee (varies from region to region).

The fine print states that paying the deposit doesn’t guarantee availability. Instead, the deposit gives the payer’s order a higher priority in their region for ordering Starlink when it becomes available in the future.

Those who receive the Starlink kit can look forward to data speeds between 50 Mbps and 150 Mbps and latency from 20 ms to 40 ms, which is good enough for online gaming, high-definition streaming, and video conferencing. Both speed and latency are promised to keep improving as SpaceX, the company behind Starlink, launches more satellites and improves its software.

Already, around 1,000 Starlink satellites have been launched into orbit, but SpaceX has sought approval for tens of thousands more. Other private companies that are planning to launch satellite internet constellations include OneWeb, Amazon, Samsung, and Boeing.

Also Read: Instagram Music Is Finally Available In The Middle East

At the moment, satellite internet access is aimed mostly at people living in rural and hard-to-reach locations, where wired connectivity has typically been a challenge. As the technology improves and the number of satellites in orbit increases, it’s possible that it will become a viable alternative to broadband internet even in otherwise well-connected areas.

It still isn’t clear whether or not the Lebanese government will formally allow the use of Starlink within the country as Ogero, Lebanon’s state telecommunications operator, doesn’t allow the use of Internet services that don’t pass through their network. It will be interesting to see what their take is on the matter.

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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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