Spend management startup Alaan raised a $48M Series A led by Peak XV, one of the Middle East's largest Series A rounds for a fintech, after a $2.5M seed in 2021
When Parthi Duraisamy was a consultant at McKinsey's Dubai office, he discovered that the American Express cards his company relied …
Dubai-based Huspy, which offers proptech tools to home buyers, agents, and brokers, raised a $59M Series B led by Balderton, after a $40M+ Series A in June 2022
Tage Kene-Okafor / TechCrunch :
Velvet Sundown, an AI‑created band with 850K+ monthly Spotify listeners and two albums in June alone, shows how some listeners are turning to anodyne AI music
that AI band that's gotten a lot of press — was, to some degree, a hoax. www.rollingstone.com/music/music- ... X: @o1dmanmike : Music influencers are talking about the Ai band The Velvet Sundown and d...
A look at the intensifying race for super apps in the Gulf, as Careem, Talabat, Amazon, Botim, and Noon consolidate various services into single platforms
From Dubai to Riyadh, apps are consolidating ride-hailing, payments, and delivery into single platforms. — The race for super-apps is intensifying in the Middle East. Bluesky: @restofworld.org Blues...
Dubai is emerging as a global hub for AI talent, attracting workers with its Golden Visa program, no taxes, attractive salaries, and ease of setting up business
Western job seekers see lucrative offers in the booming AI hub, while others deal with rejections and lower pay.
A profile of Byju's CEO Byju Raveendran, who refuses to take responsibility for the edtech company's implosion and is accused of hiding $533M from US lenders
From Dubai, the enigmatic founder of Byju's recounts how he made his empire — and vows to rebuild it. X: @restofworld , @jeelanireports , @yudhijit , @rinachandran , @restofworld , @violazhouyi , and ...
Sources: Builder.ai collapsed after it revised its 2024 revenue estimate from $220M to ~$55M and restated its previously reported 2023 sales from $180M to ~$45M
With the sublime @cynthiao.bsky.social and @alexandraheal.bsky.social [embedded post] Mando / @mrmandolino.itch.io : All of this is following the exact same arc that the crypto\NFT bubble did — Like...
Coinbase agrees to acquire Dubai-based Deribit, the world's biggest trading platform for BTC and ETH options, for ~$2.9B, split as $700M in cash and 11M shares
Deribit is the world's biggest trading platform for bitcoin options — Coinbase Global has agreed to acquire Deribit …
Q&A with Careem CEO Mudassir Sheikha on the MENA ride-hailing giant becoming a super app, the spinout of its non-ride-hailing services from Uber, AI, and more
• DUBAI, THE UAE — Mudassir Sheikha likes to tell the story of Careem's growth in chapters. Bluesky: @anup Bluesky: Anup Kaphle / @anup : I met with Mudassir Sheikha, the CEO and co-founder of Caree...
Dubai-based NymCard, whose APIs let financial institutions in 10+ MENA countries manage card issuance, transaction processing, and more, raised a $33M Series B
Omar Faridi / Crowdfund Insider :