News

Yango Introduces New Ride-Hailing Features In UAE

The international service’s latest technologies align with the UAE’s vision to elevate road safety for drivers and passengers alike.

Published

8 months ago

November 30, 2023

Nour Nasir

Yango

Yango, the International ride-hailing service, has launched new safety features for UAE users. The technologies demonstrate the company’s commitment to e-mobility road safety consciousness across the GCC.

The new systems, including Speeding control and driving-style monitoring, build on the existing range of technologies already in use, which include SOS buttons for contacting local authorities, route-sharing, and a Safety Center integrating the most up-to-date features.

yango ride-hailing new security features

The new additions to the service are designed to enhance road safety and reduce risk. GPS control monitors driving speed during rides, sending near-immediate notifications when necessary. Meanwhile, the driving-style monitoring technology is sensitive to harsh vibrations and hard braking. If drivers continue to perform poorly, access to the service is revoked. In addition, Yango evaluates driving style based on passenger feedback.

Aside from these features, Yango continues to work on several technologies to bring ride safety to a whole new level. Among those is an AI-driven route monitoring platform allowing the Yango support team to monitor route deviations in real-time.

Also Read: Startup Helps Visitors Explore Dubai Baggage-Free

General Manager of Yango GCC, Islam Abdul Karim, said: “Safety of passengers and drivers remains one of our first priorities. Yango is setting a benchmark for road safety in ride-hailing and ensuring a safe and responsible ride experience for all. Our overarching goal is to empower the UAE with state-of-the-art technological solutions in ride-hailing, especially as the industry is set to have 3.25 million users in the country by 2027”.

Yango’s latest update aligns with the UAE’s broader vision for road safety. The Emirates has already embraced advanced technologies such as smart cameras to detect swerving, sudden lane changes, and illegal turns. In Dubai alone, 53 strategic initiatives now cover traffic control, vehicle and highway engineering, and traffic awareness, aiming to reduce the number of road incidents that occur each year.

Related Topics:United Arab Emirates Yango

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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.