In June 2021, Ziina, fresh from completing YC’s first cohort that year and securing a $ 7.5 million seed, launched its fintech app to 20,000 retail customers, allowing them to send and receive money. Three years later, the Dubai-based startup, which now counts 50,000 retail and business customers byafter expanding its offerings to meet the […]
The banks that loaned Musk $13B to buy Twitter might be having regrets
X, the social network formerly known as Twitter, looks like a pretty bad investment right about now. As readers might recall, billionaire Elon Musk borrowed $ 13 billion from Morgan Stanley, Bank of America and five other major banks to help finance the $ 44 billion acquisition of Twitter, as it was then called. According […]
Egypt’s MNT-Halan banks $157.5M, gobbles up a fintech in Turkey to expand
MNT-Halan, a fintech unicorn out of Egypt, is on a consolidation march. The microfinance and payments startup has raised $ 157.5 million in funding and is using the money in part to fund the acquisition of another fintech, Tam Finans, to expand into Turkey. Tam Finans provides financing to micro-enterprises and SMEs. It currently operates […]
Faulty CrowdStrike update causes major global IT outage, taking out banks, airlines and businesses globally
Businesses across the world are reporting IT outages, including Windows “blue screen of death” errors on their computers, in what has already become one of the most widespread IT disruptions in recent years. The outage — linked to a software update from popular cybersecurity firm CrowdStrike — has affected computers running Microsoft Windows at organizations […]
Banks, airlines, airports report widespread outages across the globe
Businesses worldwide are experiencing outages, including Windows “blue screen of death” errors on their computers, in what has already become one of the most widespread IT disruptions in recent years. The problems are affecting companies across various sectors, from banks, food chains and brokerage houses, to news organizations, railway networks and airlines. The issue appears […]