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Tamatem will use the latest funding to amplify its efforts by bringing various games with more popular titles to the Arabic-speaking market. The startup will hire local talents in SaudiArabia to expand further. The gaming industry is booming in SaudiArabia, with about 70% of Tamatem’s users, Hammo noted. .
The company, founded by Manar Mahmassani, Rami Tabbara, and Ricardo Brizido in 2020, has raised $8 million in a pre-Series A round from investors like BY Ventures, MEVP, and Vivium Holdings to expand its portfolio and launch in SaudiArabia and Egypt. The company first raised a $4 million seed round last year. with an additional 0.5%
Its two main markets are SaudiArabia and the UAE. Arab said SaudiArabia commands the lion’s share of the company’s transaction volume, driven by solid consumer adoption and increasing online transactions. million active users who shop with more than 3,000 brands monthly. The company has over 1.1
The round also saw participation from Saudi Aramco Energy Ventures and Hewlett Packard Enterprise, as well as return investors Allegis Cyber, Canaan Partners, DataTribe, Energy Impact Partners and Schweitzer Engineering Labs. Lee said the company’s priority had been to work on its threat platform, and less selling it.
TechCrunch gathered that Opontia has somewhat switched focus on its target market. Though it launched with eyes on the Middle East and Africa, the company has only made efforts in some parts of the former (the UAE and SaudiArabia) while making significant headway into Central and Eastern Europe, particularly Turkey and Poland.
Chinese food delivery giant Meituans Hong Kong-focused platform KeeTa led the territorys food delivery market in terms of order volume in March, with its 44% share of total orders surpassing rival Foodpanda for the first time, according to data from third-party analysis platform Measurable AI. Caixin, in Chinese ]
Micro and small businesses in emerging markets still struggle to access digital payments for several reasons. This suite of services is essential in the primary markets in which Nomod is aiming to build a significant merchant base, like SaudiArabia, the UAE and Bangladesh. he started Nomod as a side project in 2018.
By leveraging this investment, we will capture broader Japanese market opportunities. This acquisition is the first step in an inorganic strategy to ultimately apply Riiid’s AI technology to the global market and help more learners around the world.” . The company expects to address local remote learning and education in the market.
Recent research suggests that the e-commerce market in SaudiArabia, UAE and Egypt account for a combined $21.4 The company aims to solidify its presence in SaudiArabia, the UAE and Egypt by offering e-commerce businesses the ability to scale their inventory and digital ads now, while flexibly paying later.
Koinz charges subscriptions to the brands for its engagement and feedback platform and collects commission whenever an order is made via its platform, which varies across its markets. Since launching in Egypt, Koinz has expanded to SaudiArabia and the UAE. Like Egypt, these markets have similar dynamics and demographics.
Egypt, one of the most active e-commerce countries in the region, is anticipated to grow 33% annually to reach $3 billion by 2022. And to be a market leader when it comes to e-commerce on the continent and be profitable. This is the main target for us now and also to start operations in SaudiArabia.”
Chinas second-largest short video platform Kuaishou is planning to open an office in Riyadh, the capital of SaudiArabia, soon, according to a report by the South China Morning Post quoting Kuaishous chief financial officer Jin Bing.
Chinas food delivery giant Meituan is hiring Arabic- and English-proficient talent for its likely entry into Riyadh, the capital of SaudiArabia, as the company puts expansion beyond China on its agenda as domestic consumption falls.
According to COO Siam, the founders noticed that as e-commerce activities in the Middle East and North African regions accelerated due to the pandemic, merchants were left overwhelmed with the volume of orders they received. Founded by Mohamed Mossaad and Enas Siam in September 2020, the Egyptian company launched in stealth this January.
Until last September, Tabby, which allows users to shop with flexible payments online and in-store from global brands, including H&M, Adidas, IKEA, noon and Bloomingdale’s, was active in SaudiArabia, UAE and Kuwait. Now, the economy’s structure is different for some of the markets we [Tabby] are in today.
The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and SaudiArabia. It offers over 30 learning tracks ranging from web development to digital marketing and data science to artificial intelligence. There are a lot of impact and mass market players.
Along with the fundraise, VOCHI is elevating the company’s first employee, Anna Buglakova, who began as head of marketing, to the position of co-founder and chief product officer. Others hail from Russia, SaudiArabia, Brazil and parts of Europe, Lesun says. Image Credits: VOCHI. Image Credits: VOCHI.
The company launched “Fenix Taxi” in Manama, Bahrain, on Monday and says it’s planning to add two additional markets this summer. Aside from Bahrain, Qatar, Turkey and the United Arab Emirates, Fenix also has a presence in SaudiArabia, specifically with its shared and subscription scooter service.
It’s also eyeing Southeast Asia and potentially SaudiArabia and Africa. Is this market big enough for so many global players? We’re seeing pretty big market changes. after raising $110M for new tech to update capital markets trading. billion in annualized gross transaction volume (GTV).
Deal activity is at record highs. A record number of companies went public in 2021, with many at huge valuations: 238 companies debuted on the public markets last year valued above $1 billion. Christine Tsai is the CEO and founding partner of 500 Global. In 2020, only 61 companies went public at this valuation.
But founder Matthew Joseph Martin soon realized that the startup, backed by investors like Boost VC and Tim Draper, was serving a relatively niche market in the States. So he started researching markets with large populations of Muslim people. Indonesia emerged as the best choice. After initially soft-launching in the U.S.,
While Nigeria and Kenya have been at the forefront of African fintech innovation, activities in Egypt are beginning to shape up nicely. “ Their market opportunity is also huge; Egypt’s transformation to a cashless society is being enabled by the unique products Paymob has built.” million Series A round.
If legalized, this will also open up a huge market to the e-scooter makers of the world, and might even spark more homegrown business. which makes sense given market availability of the two types of vehicles. Neuron , a Singapore-based company that has carved itself into the Australia/New Zealand market, as well as pieces of the U.K.
The solution allowed EFE staff to carry out their day-to-day activities more efficiently and strengthen student, donor, and partner management. After the first implementation with EFE-Jordan, Salesforce was gradually rolled out across EFE Affiliates in Tunisia, Morocco, Palestine, SaudiArabia, Egypt, Yemen, and United Arab Emirates.
When Netflix was finally ready to bring back its massive international hit TV series Squid Game for Season 2 after a three-year hiatus, it had a unique marketing challenge: remind people why they fell in love with a Korean action drama that revolves around a murderous contest. marketing organization to the rest of the world.
Needless to say, Cook had some big shoes to fill: Jobs is remembered as the visionary CEO and marketer behind the Mac, iPhone, iPad, iPod, iTunes, and the App Store. It’s more profitable than Saudi Aramco, too. Tim Cook smiles in a Mission: Impossible-esque marketing video where he infiltrates Apple to plant an M1 chip in the iPad.
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