News

Telegram Is Getting Ready To Paywall Some Features

The good news is that the premium subscription won’t limit non-premium users in any way because all existing features will remain free.

Published

2 years ago

June 17, 2022

David Morelo

telegram is getting ready to paywall some features

Since its launch in 2013, cross-platform messaging app Telegram has gained over 550 million monthly active users. To continue providing unrivaled limits on chats, media, and file uploads, Telegram’s founder, Pavel Durov, has recently announced the plan to launch a paid premium subscription plan.

According to Durov, a portion of Telegram’s user base has been asking for even higher limits than what the messaging app currently offers. Unfortunately, that’s not something Telegram can afford to do for all of its 550 million monthly active users because its infrastructure expenses would skyrocket.

“After giving it some thought, we realized that the only way to let our most demanding fans get more while keeping our existing features free is to make those raised limits a paid option,” Durov explains. “That’s why this month we will introduce Telegram Premium, a subscription plan that allows anyone to acquire additional features, speed, and resources.”

The subscription plan should be available later this month, and some of the features it will unlock were previewed in a recent version of Telegram. According to information obtained by people who analyzed the beta version, the plan should cost $4.99 a month, which is only half of what Discord charges for its Nitro subscription.

Also Read: Instagram’s Amber Alert Feature Is Coming To The UAE

The good news is that the introduction of the premium subscription won’t limit non-premium users in any way because all existing features will remain free. What’s more, they will be able to view extra-large documents, media, and stickers sent by premium users, and more.

As such, the introduction of the premium subscription plan seems like good news all around because it enables Telegram to become an even better version of itself without depending solely on ad revenue, which would give advertisers the power to indirectly influence the future of the messenger. Would you pay for the Telegram premium subscription?

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.