Friday, May 9, 2025
News Wave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
News Wave
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
No Result
View All Result
News Wave
No Result
View All Result
Home World

Silicon Valley's General Catalyst makes first investment into Saudi Arabia through fintech Lean Technologies

11 November 2024
in World
0 0
Silicon Valley's General Catalyst makes first investment into Saudi Arabia through fintech Lean Technologies
Share on FacebookShare on Twitter



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

Tags: Airbnb IncArabiaBreaking News: Technologybusiness newsCatalystEmerging marketsfintechGeneralInvestmentLeanSaudiSaudi ArabiaSiliconSnap IncStanley DruckenmillerTechnologiestechnologyValley039s
Previous Post

First emperor penguin known to reach Australia found on tourist beach

Next Post

Jack Del Rio, Wisconsin football assistant and former NFL head coach, arrested on OWI charge

Related Posts

Pope Francis and Pope Leo XIV Were Friends Long Before Their Ascensions
World

Pope Francis and Pope Leo XIV Were Friends Long Before Their Ascensions

by My News Wave
9 May 2025
0

Pope Francis, during a conversation with Rev. Alejandro Moral Antón, expressed his confidence in Robert Francis Prevost's capabilities for a leadership role in the Church, a sentiment that proved prescient as Prevost was recently elected as the 267th pope, Leo XIV. Their relationship, rooted in mutual admiration since their early days in Latin America, flourished as Francis appointed Prevost as the bishop of Chiclayo and later to oversee the Vatican's office for bishops, praising his...

Read more
Why the U.S-U.K. trade deal may not be as good as it sounds
USA

Why the U.S-U.K. trade deal may not be as good as it sounds

by My News Wave
9 May 2025
0

Trump's New U.K. Trade Deal: Opportunities and RisksPresident Trump announced a "maxed out deal" with the U.K., maintaining a 10% tariff on imports, which some experts argue signifies long-term high tariffs. Although this deal offers slight concessions, it falls short of pre-Trump tariff levels and poses challenges for U.S. businesses and consumers, potentially leading to increased prices and slower economic growth. The ongoing tariff uncertainty raises recession fears, with a CBS News poll revealing that...

Read more
Southport killer Axel Rudakubana ‘threw boiling water at prison officer’
UK

Southport killer Axel Rudakubana ‘threw boiling water at prison officer’

by My News Wave
9 May 2025
0

SummaryTriple murderer Axel Rudakubana, 18, is under investigation for allegedly throwing boiling water at a prison officer at HMP Belmarsh, resulting in the officer being hospitalized and later discharged. Rudakubana is serving a minimum of 52 years for the murders of three young girls at a dance class and has a history of violent behavior, including possessing a knife and producing the deadly poison ricin. Despite previous concerns about his potential for violence, he was...

Read more
Prince Harry: King Charles comments have royal experts concerned for Duke of Sussex’s mental health
Australia

Prince Harry: King Charles comments have royal experts concerned for Duke of Sussex’s mental health

by My News Wave
9 May 2025
0

The ongoing conflict between Prince Harry and the royal family has raised concerns about his mental health, especially after he expressed feelings of devastation following a high court ruling that denied him government-funded protection in the UK. While King Charles and the royal family commemorated VE Day, Harry's claims of being "stitched up" by his family and fears for his father's mortality overshadowed their tributes, prompting commentators to question his state of mind. Royal insiders...

Read more
Archbishop of Quebec says he expects Pope Leo will continue Indigenous reconciliation work
Canada

Archbishop of Quebec says he expects Pope Leo will continue Indigenous reconciliation work

by My News Wave
9 May 2025
0

The Archbishop of Quebec, Cardinal Gerald Lacroix, expressed his expectation that Pope Leo will continue to prioritize reconciliation with Indigenous Peoples, emphasizing the significance of this term for pastoral work. He shared these insights following the election of Cardinal Robert Prevost as the first U.S.-born pope. Lacroix's comments reflect the ongoing commitment to addressing historical injustices, a focus that was notably highlighted by the late Pope Francis in 2022. Full Article

Read more
We don’t need Israel’s permission to make a deal with Houthis – Middle East Monitor
Middle East

We don’t need Israel’s permission to make a deal with Houthis – Middle East Monitor

by My News Wave
9 May 2025
0

SummaryUS Ambassador to Israel, Mike Huckabee, stated that Washington does not require Israel's approval to prevent Houthi attacks on American vessels or to negotiate with the group in Yemen. He emphasized that the US response to Houthi actions would depend on whether American citizens were harmed, noting the presence of 700,000 Americans in Israel. Huckabee's comments come amid reports of a communication rift between President Trump and Israeli Prime Minister Netanyahu, amid concerns of manipulation....

Read more
News Wave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • Blue Jays Make Unfortunate Andres Gimenez Announcement Before Mariners Game
  • Pope Francis and Pope Leo XIV Were Friends Long Before Their Ascensions
  • Why the U.S-U.K. trade deal may not be as good as it sounds
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In