Chris Skinner’s Ramses Startup Expands to Egypt and Sudan
American fintech marketplace Ramses has Chris Skinner joining as a founding partner as it prepares to launch its business in Egypt and Sudan.
Nina Bobro
Chinese Employees Cash Out CBDC Due to Lack of Utility
Although many state Chinese workers receive their salaries in “e-CNY” CBDC aka digital yuan, survey shows they seldom have chances to use it and often convert it all to physical cash.
Apple & OpenAI Finalizing ChatGPT iPhone Integration Deal
ChatGPT is expected to be integrated into Apple’s next operating software update, iOS 18, if the deal is finally sealed.
Egyptian Financial Platform Swypex Launches Upon $4M Investment
Swypex has secured a $4 million seed investment round, led by the renowned venture capital fund Accel.
Starknet Blockchain to Employ AI agents for Autonomous On-Chain Activity
Autonomous AI bots on Starknet will be able to perform on-chain activities for users, such as optimizing yield and re-allocating portfolios.
MENAP-Based Fintech ABHI Expands to Saudi Arabia
An emerging fintech operator, ABHI, with established operations in Pakistan and UAE, has expanded its business to the Kingdom of Saudi Arabia through a partnership with Alraedah Digital Solutions.
Temasek-Backed Agritech Rize Raises $14M Series A Funding
Rize has an ambitious goal to eliminate 100 metric tonnes of carbon emissions while decarbonising rice cultivation with its robust technology stack.
Robinhood Declares 224% Crypto Trading Surge
A 224% increase in crypto trading volumes in the first year’s quarter boosted Robinhood trading figures to $36 billion, with crypto services contributing to nearly 40% of the firm’s transaction-based revenue.
Half of Workers Conceal AI Use to Not Seem Replaceable
AI usage in the workplace is steadily growing, but employees tend to hide it afraid of being replaced in their roles by technology solutions, shows a fresh report.
Ant International to Expand to Saudi Arabia
The partnership with the Ministry of Investment of Saudi Arabia enables Ant International to expand its e-commerce and digital payment services across the Middle East.
Investment Opportunities in India’s Energy Transformation
India is currently undergoing a green energy transformation to mitigate some of the worst pollution levels in the world. The country’s path towards a more sustainable future presents numerous investment opportunities in the development of clean energy infrastructure, power transmission and distribution projects, and improving the country’s energy security.
SMB Survey Indicates Financial Resilience
An optimistic indicator amidst inflation and economic volatility is that small business (SMB) owners are confident about their businesses’ resilience, even as economic challenges remain pressing.
GenAI Is Strategic Priority for 66% of Asset Managers
Boston Consulting Group’s report shows that 72% of asset managers consider GenAI to have a significant or transformative impact on the industry, but only 16% have fully defined an implementation strategy.
BitPay Report Reveals Increased Crypto Consumer Spending
“The 2024 BitPay Spending Report” showed 20% growth in crypto payments from January to March 2024, with certain sectors showing more impressive results.
Vodafone Looks to Link SIM Cards to Blockchain
Telecom provider Vodafone plans to integrate blockchain technology and cryptocurrency wallets into smartphone SIM cards.
Microsoft to Invest $2.2B in AI and Cloud Infrastructure in Malaysia
Microsoft has pledged a single largest investment of $2.2 billion into Malaysia’s digital transformation, to support the country’s cloud and artificial intelligence (AI) infrastructure development.
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