In the rapidly evolving world of social media, many new, innovative platforms are still trying to challenge the dominance of industry giants by promising better experience and – in some cases – better monetisation tools.
In this episode of Business Extra’s series looking at social media platforms, host Cody Combs is joined by Dave Catudal, founder of Lyvely, a UAE-based social media app that aims to revolutionise both user engagement and monetisation.
They discuss the potential for new social media platforms in a market saturated with established players, exploring how Lyvely aims to carve out its niche through prioritising user empowerment over traditional algorithm-driven content curation.
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Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Pathaan
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Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.