News

Yango Deli Tech Partners With Grocery Delivery Platform Nana

The partnership will allow Nana to significantly enhance user experience and support MENA region expansion plans.

Published

1 year ago

April 13, 2023

yango deli tech partners with grocery delivery platform nana

Nana, Saudi Arabia’s leading online grocery delivery platform, has a presence in 18 cities and offers speedy delivery of over 22,000 products. Today, the company announced a partnership with Yango Deli Tech to realize its MENA-wide expansion plans.

Yango Deli Tech is a “global company providing proprietary technologies and expertise for retailers”. The company’s AI-based smart technology solutions will help to make Nana’s fulfillment and delivery operations more efficient while boosting client experience and offering enhanced analytics.

The official partnership follows a pilot project at one of Nana’s stores earlier this year. The experiment showed that the delivery platform could reduce the average missing items per day by 97% using a warehouse management system featuring smart routing and a dedicated stock-picking app that decreased order preparation time by over 35%. At present, the partnership is working at full capacity across all of Nana’s stores.

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In a recent statement, Max Avtukhov, Yango Deli Tech’s CEO, commented: “We are honored to partner with Nana to advance on a global mission of making high-tech e-grocery the reality of today and provide best-in-class user experience to consumers in Saudi Arabia and other markets in the Middle East”.

Meanwhile, Sami Alhelwah, Nana Co-Founder and CEO, noted: “Tackling one of the major pain points of the retail sector within the region, we have partnered with Yango Deli Tech to provide our company with the technological and operational experience of other markets to address stock inaccuracies and replenishment inefficiencies which will support our vision and fuel our ambitious goals for further expansion and growth”.

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.