News

Tumodo Secures $35 Million To Transform MENA Business Travel

The B2B travel platform combines data science, user-friendly design, and world-class service to bring businesses and employees the best travel experiences.

Published

1 year ago

January 18, 2024

Nour Nasir

tumodo secures $35 million to transform mena business travel

Tumodo, an innovative business travel platform founded in 2023, has announced the successful completion of a $35 million pre-seed funding round, co-led by prominent angel investors focused on the MENA region.

The substantial injection of capital will serve as a catalyst for Tumodo’s expansion in the UAE market, continued product development, and the exploration of new partnership prospects. Additionally, the company has ambitious plans to extend its reach across 25 countries worldwide by 2026.

Tumodo offers businesses a streamlined solution to book flights and accommodation for hundreds of employees in under two minutes. Notably, the platform provides complete transparency, free from hidden fees, allowing businesses to manage expenses with greater precision. The company is also working on an AI feature to simplify trip planning, offering seamless integration with corporate HR systems.

Stan Klyuy, Tumodo’s Chief Commercial Officer, explained, “[Tumodo’s] mission is to contribute to the MENA business travel market, ensuring not only its rapid recovery but also positioning it as a leader in technological innovation. We facilitate the establishment of efficient business processes, optimize travel expense management, and bolster employee productivity while ensuring compliance with travel policies. On average, our clients achieve a remarkable 35% reduction in their business travel expenses”.

Also Read: Paymob Secures PSP License From Oman’s Central Bank

Tumodo has already gained the trust of over 100 businesses in the MENA region, boasting connectivity to major distribution channels, global hotel chains, and collaborations with over 400 airlines. In addition, Tumodo’s support specialists are available to assist in trip organization, helping to meet travel objectives while maximizing return on investment.

According to the World Travel & Tourism Council, even during the pandemic, business travel expenditures surpassed leisure travel spending. During 2021-2022, the growth rate of the business travel market exceeded that of leisure travel by 1-10% in many regions, reaching nearly 15% in the Middle East market.

News

Yabi Introduces AI Financial Coach For Smarter Money Moves

The app provides real-time, personalized financial guidance, helping UAE residents manage money smarter, reduce debt, and build wealth effortlessly.

Published

11 hours ago

February 22, 2025

Nour Nasir

Yabi

Imagine having 24/7 access to an expert financial advisor — someone who understands your spending habits, helps you save more effectively, and offers guidance for every financial decision. That’s the vision behind Yabi’s revamped platform, an AI-driven finance app designed to transform personal finance management in the UAE.

Unlike traditional budgeting tools, Yabi acts as an always-available AI advisor, analyzing your unique spending patterns and offering real-time, tailored financial advice. Whether you’re making everyday purchases, planning a big trip, or saving for a major milestone, Yabi keeps you on track and helps you make informed financial choices.

Rakhil Fernando, CEO of Yabi, explains the mission behind the platform: “Financial literacy is not optional — it’s essential. But most financial tools today feel outdated and overly complex. Yabi is here to change that by offering AI-powered financial coaching that’s smart, simple, and accessible to everyone in the UAE”.

Here are some of the updated app’s new features:

AI-Powered Financial Coach: A 24/7 digital advisor providing real-time financial guidance based on your spending habits and available in multiple languages.
Live Insights: Connect your bank accounts for a detailed breakdown of your expenses.
Tailored Budgeting: Yabi creates a budget that fits with your actual spending habits rather than generic financial advice.
Interactive Financial Education: Learn the essentials of saving, investing, and credit management through engaging content integrated into the AI experience.
Automated Expense Tracking: Receive instant alerts on overspending, identify hidden charges, and cut unnecessary subscriptions with ease.
Credit Score & Financial Health Monitoring: Get free credit score checks and AI-driven recommendations to enhance your financial standing.

Also Read: A Guide To Digital Payment Methods In The Middle East

Finally, Yabi is also gearing up to introduce its own debit card and a suite of financial products, making it easier to save, spend, and invest within a single platform.

Want to try Yabi for yourself? You can download the app on the Apple App Store and Google Play Store.