News

Tumodo & Tabby Drive Innovation In The UAE’s Travel Market

The collaboration signifies a significant step forward in digitizing MENA business travel, including the use of AI technologies.

Published

6 months ago

June 4, 2024

Nour Nasir

tumodo and tabby drive innovation in the uae's travel market

UAE business travel platform Tumodo is set to integrate its services with Tabby, a leading MENA shopping and financial services app, in a move that will further the digital transformation of the region’s travel market.

Tabby already helps millions of people in the MENA region stay in control of their finances. Now, with the integration of Tumodo’s platform, business travelers will gain improved control over their travel expenses, along with greater transparency and accountability.

“The collaboration with Tabby signifies a major step forward in our mission to digitize business travel in the UAE and GCC, including the use of AI technologies. Now, we can extend brands’ reach to a wider audience and lead to a sustainable future,” said Vladimir Kokorin, founder of Tumodo.

Tumodo’s MENA expansion also comes at a time where the company is doubling its efforts to promote sustainable travel. Tumodo is advising all customers and partners on how they can be more eco-friendly when it comes to travel, and how to minimize the ecological impact of business trips.

Also Read: Oracle Is Planning To Build Two New Cloud Regions In Morocco

By 2022, spending in the global business travel market had risen to $1.03 trillion. However, that figure is expected to surpass the pre-pandemic figure of $1.4 trillion sometime this year. Despite many companies continuing to prefer online meetings, the business travel market continues to grow rapidly and is expected to reach $1.8 trillion by 2027.

The integration of Tumodo’s travel platform into Tabby’s service will surely enhance business efficiency and reinforce both companies’ commitments to sustainability. Meanwhile, the UAE will also benefit as it continues to grow into a leading business hub focused on sustainable practices.

News

Popcorn AI Raises $500,000 For “Conversational eCommerce”

The firm’s AI platform uses specialized chatbots to handle entire eCommerce journeys, from recommending products to seamless payments.

Published

6 days ago

November 14, 2024

Nour Nasir

Popcorn AI

Dubai-based Popcorn AI has announced the closure of a pre-seed funding round that raised $500,000 for its revolutionary AI platform. The investment, led by Spring Studios with the backing of Salica Investments, Al Waha Fund of Funds, and prominent angel investors from Saudi Arabia, represents a key step forward in reshaping customer-business interactions using the power of conversational AI.

Unlike traditional chatbot systems, Popcorn AI’s platform is designed to redefine eCommerce by creating highly intelligent sales agents that handle entire customer journeys, from personalized product recommendations right through to seamless payment acceptance — all through a conversational experience.

The clever idea was recently tested to great success when one of Popcorn AI’s chatbot agents closed a $400,000 real estate transaction, handling everything from the first inquiry to the final sale. Early adopters have reported a massive 90% reduction in customer acquisition costs, along with a highly impressive 20% improvement in conversion rates, highlighting the platform’s potential to transform customer engagement across dozens of industries.

Josh Rodger, Principal at the Spring Studios fund, expressed enthusiasm for the project, saying, “We are proud to support Popcorn AI’s mission to reshape how businesses connect with their customers. Their innovative approach to conversational commerce has the potential to revolutionize industries and redefine the way customers experience digital transactions”.

Also Read: Top Free AI Chatbots Available In The Middle East

Meanwhile, Popcorn AI founder and CEO Yousef Al Arif declared: “The future of commerce is conversational,” adding, “Today’s consumers want shopping experiences that are instant, personalized, and effortless. We’re not building just another chatbot; we’re crafting intelligent commerce agents that understand context, recall customer preferences, and guide users through the entire shopping process, much like an expert salesperson would”.

Building upon a decade of experience scaling eCommerce and marketplace platforms across the MENA region, Al Arif has now achieved huge success with Popcorn AI, positioning the product at the cutting edge of AI-powered eCommerce. The platform has also made significant impacts in sectors such as real estate, and hospitality, signaling that conversational commerce is emerging as a powerful new model for digital businesses.