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