Press Release
Mamo Partners with CredibleX to Launch Credit Cards for UAE Businesses
Dubai, UAE – October 31, 2024 – Mamo, a leading payments solutions provider in the UAE, announced a strategic partnership with CredibleX to introduce a credit card offering for small and medium-sized enterprises (SMEs) in the UAE. This partnership will help businesses address critical gaps in their working capital needs, and will provide a lifeline to those that operate in specific sectors such as retail and e-commerce. Mamo’s goal is to help these businesses to thrive in today’s competitive market.
Through this collaboration, Mamo and CredibleX will launch an innovative corporate credit card specifically designed to address the short-term lending needs of SMEs. The credit card will provide businesses with spend management, spend limits, expense management, and more. SMEs can look forward to numerous benefits, including real-time expense tracking, department budgets across cards, multi-currency spending capabilities, a streamlined approval process, and up to 3% cashback — giving them the peace of mind necessary to focus on business growth and expansion.
Small and medium enterprises are crucial drivers of the UAE’s economy, contributing to over 94% of total businesses. Despite this, only 10.4 percent of the total accumulated balance of financial facilities and loans reaches such businesses. With SMEs set to play an even larger role in shaping the UAE’s future, the demand for flexible financial products, such as credit cards, has surged over the last few years. Mamo’s partnership with CredibleX aims to address the gap and provide businesses with the tools they need to manage day-to-day expenses more effectively.
“Partnering with CredibleX is an important step in our journey to empower businesses with an all-in-one payment solution that not only helps them survive, but helps them thrive. Our goal is to help SMEs in the UAE become wealthy. We provide businesses with tools that are as empathetic as they are beautiful. Our products are built with purpose, trust and transparency by a team that shares these values. This partnership strengthens our ability to deliver on that promise”, commented Imad Gharazeddine, co-founder and CEO of Mamo.
“We are delighted to partner with Mamo to offer financing solutions to businesses towards their card-able spends,” said Anand Nagaraj, co-Founder and CEO of CredibleX. “As our payable financing product is restricted towards approved business expenses, this partnership offers us the technology to address the requirement. Looking forward to growing this embedded financing proposition with Mamo to help SMEs with their working capital and business expense requirements.”
About Mamo
Mamo is a UAE-based fintech company that helps hundreds of businesses save time and costs by automating payment collection and corporate expense management through a single platform. In 2022, Mamo became the first fintech startup licensed by the DFSA with a Category 3C Providing Money Services license.
About CredibleX
Credible X Limited empowers companies to offer lending solutions to their SME ecosystem thereby creating a convenient, trustable and transparent lending solution for all partners. Credible X Limited is regulated by the Financial Services Regulatory Authority (“FSRA”) in the Abu Dhabi Global Market (“ADGM”) and holds Category 2, Category 3 and Category 4 licenses for Providing Credit, Providing Money Services and Operating Private Financing Platform.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Opening a New Way to Treat Horse Injury: Horsepect Introduces Noise Reduction Cryotherapy Devices
South Korea, 31st Oct 2024Horsepect Co., Ltd. will release ‘Noise Reduction Cryotherapy Medical Device’, a specialized treatment device for horses, in October. This innovative device is making its debut in the Korean market and non-invasively treats muscle and ligament damage in horses through rapid freezing technology using carbon dioxide.
Currently, horse rehabilitation treatment mainly relies on invasive methods, and there is a limit to the possibility of doping problems during the treatment process. However, Horsepect Co., Ltd.’s Cryotherapy equipment is a medical device that can be used safely without worrying about doping tests by using non-invasive methods that are harmless to horses, breaking away from the existing invasive treatment methods. It is expected to maintain the horse’s motor skills and further contribute to the horse’s career through rehabilitation after injury.
The biggest difference of this product is that it is equipped with a noise reduction device. Horses are noise-sensitive animals, and they are more likely to act unexpectedly when they are stressed. Accordingly, one of the differences in this product is that it is designed to allow treatment in a quiet environment, fully taking into account the psychological stability of horses.
In addition, it has secured price competitiveness due to its production in Korea. Similar products imported from abroad are priced between 25 million and 30 million won, but Horsepect Co., Ltd. plans to supply them at reasonable prices. This will ease the financial burden on horse owners and horse-riding coaches, and allow more horses to receive effective treatment.
Noise-reducing cryotherapy medical devices are effective not only in horse rehabilitation but also in preventing injuries. Through consistent management and treatment, it extends the horse’s exercise period and helps it compete in a healthier state. In addition, they are designed to be easy to use by horse owners, horse-riding coaches, and horse-riding managers, making it easy for them to apply these devices even without professional training.
Cryotherapy has already shown proven effectiveness as a treatment for humans. By applying this technology to horses, the new product is expected to be of great help in promoting horse muscle and ligament recovery and preventing additional injuries. In particular, it is time-efficient as the treatment is completed in a short time through rapid cooling, unlike conventional cold compress methods that require a long time after treatment.
With the development of the horse industry and the growing interest in horse welfare, Horsepect’s Cryotherapy medical devices are expected to make a big splash in markets outside of Korea. Although the market for specialized horse treatment devices is still small in Korea, the launch of this product is expected to lead the innovation of horse rehabilitation treatment.
“We hope that this product will allow many horses to be treated more safely and effectively,” said an official from Horsepect Co., Ltd. “It will be an innovative product that can greatly contribute to the horse-riding industry in Korea and around the world.”
For updates, follow on Instagram https://www.instagram.com/jiwon___yang
Media Contact
Organization: Horsepect Co., Ltd.
Contact Person: YANG JI WON
Website: https://www.instagram.com/jiwon___yang
Email: Send Email
Country: Korea South
Release Id: 31102419194
The post Opening a New Way to Treat Horse Injury: Horsepect Introduces Noise Reduction Cryotherapy Devices appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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Press Release
JOHN JOSEPH BALDECK The investment club has reached a business cooperation with the online brokerage brand DOFIN investment bank to jointly promote financial innovation
Today, with the rapid development of global fintech, the integration of traditional financial services and modern technology has become an inevitable trend. Recently, the JOHN JOSEPH BALDECK Investment Club founded by the senior investment expert JOHN JOSEPH BALDECK and the internationally renowned online brokerage brand DOFIN investment bank announced that the two sides have formally signed a business cooperation agreement. The partnership marks the in-depth cooperation and exchanges between the two companies in fintech innovation and market development.
Since its establishment in 2018, JOHN JOSEPH BALDECK Investment Club, relying on its rich industry experience and deep market insight, has provided members with a series of high-quality investment advisory services, including market analysis, investment strategy development and asset management. The club now has more than 9,000 members and a team of 40 professional analysts, serving in many countries and regions.
DOFIN is known for its innovative fintech solutions and excellent customer service. The company not only provides traditional investment banking services such as divestitures, corporate mergers and acquisitions, but also invests a lot in fintech and develops a variety of high-end products that serve institutional investors and brokerage dealers.
According to the details of the cooperation released by the two sides, the cooperation mainly includes three aspects:
1. Fintech Innovation: The two companies will jointly develop innovative fintech applications, such as intelligent investment advisory systems and risk management tools, to improve transaction efficiency and decision-making quality. These tools will combine artificial intelligence, machine learning, and big data analytics technologies to provide users with more accurate market forecasting and personalized investment advice.
2. Investment product development: JOHN JOSEPH BALDECK Investment Club and DOFIN Investment Bank will jointly develop new investment products to meet the needs of different markets, such as customized asset allocation solutions and specialized financial derivatives, to attract and serve a wider range of customer groups.
3. Market expansion: The two parties will use their respective influence in the global market to jointly expand new market areas, with special attention to emerging markets in Asia and Europe. In addition, the two sides will jointly participate in a number of international financial forums and summits to enhance the brand awareness and market competitiveness of DOFIN investment banks.
Industry experts believe that the cooperation between JOHN JOSEPH BALDECK Investment Club and DOFIN will not only promote technological innovation and service upgrading of both sides in their respective fields, but also promote the overall development of fintech and bring more innovative products and solutions to the global financial market. In addition, this cross-field cooperation mode indicates a new trend of financial industry cooperation in the future, namely, a more open and mutually beneficial cooperative relationship.
Looking forward to the future, with the deepening of cooperation, the two sides will explore more diversified cooperation modes and fields, provide more comprehensive and efficient services for members and customers, and jointly ride the wind and waves in the wave of fintech to create a more brilliant future.
Media Contact
Organization: Dofin Ltd.
Contact Person: Fred Hassan
Website: https://www.cdofinance.com
Email: Send Email
City: Jersey City
State: New Jersey
Country: United States
Release Id: 31102419231
The post JOHN JOSEPH BALDECK The investment club has reached a business cooperation with the online brokerage brand DOFIN investment bank to jointly promote financial innovation appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
PSJ Global Launches METACON Pedometer Combining Health and Rewards
Seoul, South Korea, 31st Oct 2024 – SJ Global (Chairman Pyo Se-Jin) has announced the launch of its new ‘ METACON Pedometer’ service, which allows users to accumulate points based on their steps, redeemable like cash.
Following CYCON’s listing on Bitget last year, PSJ Global expanded further by listing it on the global exchange Gate.io in October this year. The newly introduced ‘METACON Pedometer’ offers more than just step tracking; it provides a reward-based app service that encourages users to stay active while collecting points. This service aims to promote a healthy lifestyle through enjoyable exercise, while also enhancing the use of PSJ Global’s CYCON ecosystem. With the growth of the pedometer service, the multi-functional e-wallet ‘METACON’ is expected to gain wider adoption among users.
The METACON Pedometer visualizes users’ step counts by time of day, making it easy to track daily activity. Users can earn 100 points by reaching 10,000 steps per day. Additionally, they can compete with friends and global users over specific periods to earn even more points. The pedometer also offers a fun walking challenge feature, where users can compete against random participants, making the experience feel like a game. The simple and user-friendly interface ensures easy access for everyone.
Through the METACON wallet, users can invite friends and earn 100 points both for themselves and the invitees, further enhancing the user network.
Chairman Pyo Se-Jin commented, “As the rising cost of living drives demand for reward apps, we hope users enjoy the fun of earning points based on their steps with the METACON Pedometer. It’s a great way to stay healthy while being rewarded at the same time.”
Learn more at https://psjglobal.io/
Media Contact
Organization: PSJ Global
Contact Person: Sungsik Ahn
Website: https://psjglobal.io/
Email: Send Email
City: Seoul
Country: Korea South
Release Id: 31102419243
The post PSJ Global Launches METACON Pedometer Combining Health and Rewards appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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