General Catalyst, a Silicon Valley venture capital firm with $30 billion in assets under management, has made its first investment in Saudi Arabia by participating in fintech startup Lean Technologies’ $67.5 million Series B round. Other investors included Bain Capital Ventures, Stanley Druckenmiller’s Duquesne Family Office, and Arbor Ventures, bringing Lean Technologies’ total funding to over $100 million. This investment signifies confidence in Saudi Arabia’s growth trajectory and Vision 2030 initiative, with fintech playing a pivotal role in diversifying the economy and creating new opportunities for the young Saudi workforce.
Full Article
What Remains of U.S.A.I.D. After DOGE’s Budget Cuts?
As the U.S. Agency for International Development (USAID) faced dismantlement in early February, aid workers and officials took urgent steps to preserve vital programs, particularly those aligned with the "America First" agenda. Despite these efforts, the remaining initiatives primarily address immediate crises like disease and hunger, neglecting long-term stability and development, raising concerns among aid experts about the future effectiveness of U.S. foreign aid. Need More Context? 🔎
Read more