Fintech PR

Anghami Secures Significant Investment from OSN Group

Published

2 days ago

December 16, 2024

anghami-secures-significant-investment-from-osn-group

Anghami Strengthens Regional Streaming Leadership with up to $55 Million Commitment from OSN Group

ABU DHABI, UAE, Dec. 16, 2024 /PRNewswire/ — Building on the success of their partnership, Anghami Inc. (NASDAQ: ANGH) has announced that it secured a significant new round of funding, from OSN Group of up to USD $55 million with a USD $12 million initial investment in a convertible note program. This investment represents a significant milestone in Anghami Inc.’s journey to redefine digital entertainment in the MENA region, further solidifying its position as the go-to destination for premium audio and video content.

Since the initial strategic partnership between OSN and Anghami Inc. in April 2024, which brought together the unparalleled premium video streaming capabilities of OSN+ and its 18,000 hours of content with Anghami’s robust audio portfolio of over 100 million songs and podcasts, the partnership has delivered robust growth.

Highlights include:

Rebuilt and relaunched the new OSN+ platform, resulting in increased time spent and higher engagement of subscribers
Launched the new 4K Premium Plan with Dolby Atmos and Dolby Vision
Delivered a 41% growth in video streaming subscribers between April and October 2024.
Implementation of sophisticated improvements in the AI recommendation engine, resulting in enhanced content discoverability

This latest investment aims to accelerate Anghami and OSN+’s growth trajectory, enabling the platforms to expand their content library, enhance user experience through cutting-edge technologies, and strengthen their presence across the MENA region. It is also aimed to drive innovations such as AI-driven personalization and next-generation streaming technologies.

Elie Habib, CEO of Anghami and OSN+, said: “The success of this partnership is a testament to the power of collaboration and innovation. With this new investment from OSN Group, we are poised to elevate the digital entertainment experience for MENA audiences even further and expand our reach.”

Joe Kawkabani, CEO, OSN Group added: “This new round of funding reflects our unwavering belief in Anghami’s potential to lead the MENA region in digital entertainment. Together, we will continue redefining how audiences experience premium content, ensuring our platform remains a pioneer in the industry.”

About Anghami Inc. (NASDAQ: ANGH) :

Anghami is the leading multi-media technology streaming platform in the Middle East and North Africa (“MENA”) region, offering a comprehensive ecosystem of exclusive premium video, music, podcasts, live entertainment, audio services, and more.

In a strategic move in April 2024, Anghami joined forces with OSN+, a leading video streaming platform, forming a digital entertainment powerhouse. This pivotal transaction strengthened Anghami’s position as a go-to destination, boasting an extensive library of over 18,000 hours of premium video, including exclusive HBO content, alongside 100+ million Arabic and International songs and podcasts. The OSN+ platform delivers the latest content at the same time as the US, including critically acclaimed must-see series and movies as well as world-class Arabic content and OSN+ Originals.

With a user base exceeding 120 million registered users and 3.5 million paid subscribers, Anghami has partnered with 47 telcos across MENA, facilitating customer acquisition and subscription payment, in addition to establishing relationships with major film studios, entertainment giants, and music labels, both regional and international. Headquartered in Abu Dhabi, UAE, Anghami operates in 16 countries across MENA, with offices in Beirut, Dubai, Cairo, and Riyadh.

To learn more about Anghami, please visit: https://anghami.com.

About OSN Group

OSN Group is the leading network for premium entertainment in the MENA region, operating in 22 countries featuring exclusive, in-demand global and local hit TV series and films as well as premium music offerings. OSN Group delivers content across multiple products: OSN+, OSNtv, Anghami and B2B offerings across the region.

Home to the most compelling content from global studios, including Warner Bros. Discovery and NBCUniversal, OSN spearheads premium content including Western, Arabic, Turkish, and more across its divisions, distinctively known for exclusively broadcasting the latest HBO content on the same day as the US, including popular series, blockbuster movies, and the best in kids and lifestyle programming. OSN Group was formed in 2009 by the merger of the two largest subscription TV networks in the region, namely Orbit and Showtime Arabia, and is a subsidiary of KIPCO – Kuwait Projects Company (Holding).

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Anghami’s actual results may differ from its expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “start,” “project,” “budget,” “forecast,” “preliminary,” “anticipate,” “aims,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “continue,” “predicts,” “potential,” “transform,” “commitment” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These statements include those related to the effect of the investment and partnership for the platforms, users, OSN Group and Anghami and innovation. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Anghami’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the outcome of any legal proceedings that may be instituted against Anghami; changes in applicable laws or regulations; and the possibility that Anghami may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties identified in Anghami’s fiscal 2023 annual report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 29, 2024, including those under “Risk Factors” therein, and in other documents filed or to be filed with the SEC by Anghami and available at the SEC’s website at www.sec.gov. Anghami cautions that the foregoing list of factors is not exclusive. Anghami cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Anghami does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.

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Fintech PR

DealHub introduces API-First CPQ to deliver Automated Headless Quoting

Published

30 minutes ago

December 18, 2024

CISION (PR Newswire)

dealhub-introduces-api-first-cpq-to-deliver-automated-headless-quoting

AUSTIN, Texas, Dec. 18, 2024 /PRNewswire/ — DealHub.io, the leading provider of advanced, enterprise-grade Configure, Price, Quote (CPQ) platform, announced the release of its API-First, headless quoting architecture. The new headless quoting environment extends the power and flexibility of DealHub CPQ to support quote automations across all sales channels, including PLG, e-Commerce and self-service portals.

DealHub API-First CPQ provides organizations the flexibility to develop scalable quoting solutions powered by DealHub’s robust logic-driven, configurable Playbooks. The headless quoting environment provides a composable and modular architecture that can be seamlessly integrated with revenue applications and custom user interfaces.

“API powered quoting will open a world of opportunities for DealHub customers to rapidly and effortlessly deploy new omnichannel revenue streams, from a single hub,” stated Eyal Orgil, Chief Revenue Officer at DealHub. “Headless quoting is a further example of the expanded possibilities provided with DealHub CPQ and the non-stop innovation we continue to introduce to redefine the modern CPQ.”

DealHub API-First Headless Quoting can be leveraged to support all sales processes, from new business to renewals and amendments. The Headless environment provides full access to DealHub’s rich CPQ functionality, including:

Configurable Logic-engine to generate error-free quotes and contracts
Multi-dimensional pricing able to dynamically set the most applicable pricing
Seamless back-end integration with Salesforce, HubSpot, Microsoft Dynamics and other CRMs
Powerful call-outs and queries to sync with ERP-based pricebooks, external product catalogs, and other back-end systems

About DealHub

DealHub delivers a business-logic driven engine to power the complete Quote-to-Revenue workflow incorporating CPQ, CLM, Subscription Billing, DealRoom, and new composable API-First Headless Quoting. This intelligent flow drives revenue execution from new business to renewed customers without delays and errors, ensuring a superior buyer experience across all revenue streams.

For more information, visit dealhub.io or follow DealHub on LinkedIn.

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Fintech PR

Vantage Markets Celebrates a Landmark Year of Achievements in 2024

Published

30 minutes ago

December 18, 2024

CISION (PR Newswire)

vantage-markets-celebrates-a-landmark-year-of-achievements-in-2024

PORT VILA, Vanuatu, Dec. 18, 2024 /PRNewswire/ — Vantage Markets closes 2024 with a series of remarkable milestones, reinforcing its position as a leader in the trading industry. From record-breaking accolades to impactful partnerships and community contributions, the year has been a testament to Vantage’s vision and commitment to excellence.

In 2024, Vantage earned 26 prestigious awards, a 1.6x increase compared to the previous year. These accolades span innovation, customer service, and trading technology, underscoring the company’s dedication to delivering unparalleled value to its global community of traders.

This year also marked Vantage’s three-year partnership with McLaren Racing, a collaboration that brought shared values of speed, precision, and performance to the global stage. Through this partnership, Vantage connected with millions of fans and traders worldwide, reinforcing its brand identity as a high-performance trading platform.

Vantage celebrated its 15th anniversary this year, highlighting a journey of consistent growth and technological advancements. From humble beginnings to a global presence, the company remains committed to empowering traders with cutting-edge tools and resources.

Reflecting on these achievements, Marc Despallieres, Chief Strategy & Trading Officer of Vantage, shared: “2024 has been a transformative year for Vantage. Celebrating 15 years of excellence, achieving a record number of industry awards, and successful partnership with McLaren, we have solidified our position as a global leader. As we look forward, our focus remains on innovation, empowering traders, and fostering a vibrant trading community.”

In addition to its business achievements, Vantage continues to make a positive impact through the Vantage Foundation, which addresses critical social challenges such as mental health, financial literacy, and social isolation. By supporting local charities and global initiatives, Vantage demonstrates its commitment to giving back and fostering community well-being.

With its sights set on 2025, Vantage aims to build on the strong foundation laid in 2024. By prioritizing technological innovation, community engagement, and sustainability, the company is poised to set new benchmarks in the trading industry.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.

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Fintech PR

Vantage Australia Celebrates a Landmark Year of Achievements in 2024

Published

30 minutes ago

December 18, 2024

CISION (PR Newswire)

vantage-australia-celebrates-a-landmark-year-of-achievements-in-2024

SYDNEY, Dec. 18, 2024 /PRNewswire/ — Vantage Markets celebrates an outstanding year in 2024, marked by record-breaking achievements, meaningful partnerships, and impactful community contributions. From industry recognition to social responsibility initiatives, this year reflects Vantage’s dedication to excellence, innovation, and empowering traders globally.

Vantage received 26 prestigious industry awards in 2024, a 1.6x increase compared to the prior year. These accolades recognise the company’s leadership in trading innovation, customer service, and technology, affirming its position as a top-tier global trading platform.

This year marked Vantage’s three-year partnership with McLaren Racing, a collaboration built on shared values of speed, precision, and innovation. Together, they leveraged the global platform of motorsport to connect with millions of fans and traders, reinforcing Vantage’s commitment to performance and collaboration.

2024 also saw Vantage commemorate its 15th anniversary, a milestone reflecting its evolution from a single-market platform to a global trading powerhouse. Over the years, the company has empowered traders with cutting-edge tools, comprehensive education, and a seamless trading experience.

Jack Kelly, Head of Sales, Vantage Australia, reflected on the year:
“2024 has been nothing short of extraordinary for Vantage. From celebrating 15 years of innovation to receiving a record number of industry awards and a remarkable partnership with McLaren Racing, we’ve shown our commitment to excellence on every front. Moving forward, we remain dedicated to providing world-class trading solutions while fostering trust, innovation, and meaningful connections with our clients and partners.”

Beyond business success, Vantage made a significant impact through the Vantage Foundation, addressing critical social issues like mental health, financial literacy, and social isolation. By supporting local charities and global initiatives, Vantage continues to demonstrate its commitment to building stronger communities and making a positive difference.

As Vantage looks ahead, it plans to build on 2024’s successes by driving innovation, enhancing client experiences, and expanding its efforts to create lasting impact within the trading industry and beyond.

About Vantage

Vantage Markets (or Vantage) is a multi-asset broker offering clients access to a nimble and powerful service for trading Forex and Contracts for Difference (CFDs) products on, Commodities, Indices, Shares, ETFs, and Bonds.

Any reference to figures or awards pertains to Vantage group of companies.

trade smarter @vantage

Vantage Global Prime Pty Ltd (ACN 157 768 566), located at 12/15 Castlereagh Street, Sydney, NSW, Australia, 2000, and is authorised and regulated by the Australian Securities & Investments Commission (ASIC) AFSL no. 428901.

Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary.

You should consider whether you’re part of our target market by reviewing our Target Market Determination (TMD), reading our Product Disclosure Statement (PDS), and other legal documents to ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice if necessary.