News

Yango Goes Global With New Office In Dubai Internet City

An agreement was signed at GITEX Global 2023, welcoming the company to the Emirate’s leading tech hub.

Published

9 months ago

October 19, 2023

yango goes global with new office in dubai internet city

Yango, a tech startup dedicated to “enhancing local communities through global innovation”, has revealed plans to open a new office in Dubai’s Internet City tech hub as the company plans to take its operation global.

The strategic move represents a significant milestone for Yango, whose proprietary technologies currently power a last-mile delivery solution, ride-hailing services, and a platform helping retailers transition to an e-commerce framework.

Yango’s new office will serve as a central hub for the 20 countries served by the tech startup and pave the way for further innovation and knowledge exchanges while empowering local talent.

Speaking on behalf of Dubai Internet City, Ammar Al Malik, Executive Commercial Vice President of the TECOM Group, said: “By being based within thriving technology districts such as Dubai Internet City, mobility companies can foster collaboration with global peers, startups, and research institutions, as well as access a pool of globally experienced and skilled professionals and diversify into new markets”.

Adeniyi Adebayo, Chief Business Development Officer, Yango, commented: “Dubai’s progressive, innovation-friendly business environment, world-class infrastructure, and strategic location make it the perfect choice for Yango to embark on a global expansion and Dubai Internet City, renowned for its role in nurturing the technology and innovation sector for over two decades, emerged as the ideal location for Yango’s new global operational office”.

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Yango’s appearance at GITEX Global 2023 highlights the company’s commitment to bringing modern technologies into everyday lives worldwide. In addition to its current suite of solutions, the company is also developing an Arabic-speaking AI-powered assistant known as Yasmina that will act as an empathic companion. The new project is also being showcased at GITEX Global 2023, of which Dubai Internet City is an Innovation Partner.

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

17 hours 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.