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mastercard and mashreq join forces to launch digital bank in pakistan

Mastercard and Mashreq have entered a multi-year agreement to support the launch of Mashreq as a digital bank in Pakistan, focusing on a diverse card portfolio for various market segments. With a restricted license from the State Bank of Pakistan, the partnership aims to enhance digital payment adoption and financial inclusion, ultimately transforming the digital economy in the region.
Fintechnews Middle East
PAK Arslan Khan
Business & Industry, Press Release
03:35 07.03.2025

PayTabs Group strengthens presence in Egypt with majority stake acquisition

PayTabs Group has acquired a majority stake in PayTabs Egypt, enhancing its presence in the country's digital payments sector. This move allows the company to offer tailored payment solutions for local merchants and supports Egypt's transition to a cashless economy. CEO Abdulaziz Al Jouf emphasized the commitment to innovation and customer-centricity in advancing technology solutions for Egyptian businesses.
Fintechnews Middle East
EFG Holding S.A.E Egyptian AO EGY Abdulaziz Al Jouf
Business & Industry, Press Release
03:28 07.03.2025

Toyota launches bZ3X SUV as its most affordable electric vehicle in China

Toyota has launched the bZ3X, its most affordable electric SUV in China, starting at RMB 109,800 ($15,150). The model has quickly gained traction, receiving over 10,000 orders within its first hour. It features advanced technology, including a smart driving system and multiple variants, with some equipped with LiDAR.
CnEVPost
United States Dollar CHN
Business & Industry, Press Release
03:01 07.03.2025

Armis acquires Israeli cybersecurity firm Otorio for 120 million dollars

Cybersecurity firm Armis has acquired Israeli company Otorio for $120 million. This strategic purchase aims to enhance Armis's capabilities in the cybersecurity landscape, further solidifying its position in the market.
Tech in Asia
ISR
Business & Industry, News Article
02:45 07.03.2025

Turing secures 111 million dollars at 2.2 billion dollar valuation

Turing, a prominent coding provider for OpenAI and other large language model producers, has successfully raised $111 million, achieving a valuation of $2.2 billion. This funding round highlights Turing's significant role in the tech industry and its continued growth trajectory.
StartupNews.fyi
United States Dollar USA Turing
Business & Industry, Press Release
02:43 07.03.2025

Bengaluru food delivery startup swish raises 14 million in series A funding

Bengaluru-based food delivery startup Swish has secured $14 million in its Series A funding round, led by Accel, Hara Global, and Unacademy founder Gaurav Munjal. The funding, which closed on February 28, will support Swish's rapid delivery service, which promises food within 10 to 15 minutes through its app. Since its launch in August 2024, the company has expanded its operations across Bengaluru, utilizing cloud kitchens known as “Pods” in key areas like Indiranagar, Koramangala, and Whitefield.
Tech in Asia
United States Dollar Indian Rupee IND Gaurav Munjal
Business & Industry, News Article
02:30 07.03.2025

iFlyTek plans European expansion amid rising US-China trade tensions

iFlyTek, a Chinese AI company, is set to expand in Europe amid rising US-China trade tensions. With North America as its largest market outside China, the firm plans to diversify its supply chain and open a new office in Paris, while also exploring opportunities in Spain and Italy.
Tech in Asia
Euro United States Dollar HUN ESP FRA ITA CHN Vincent Zhan Show more
Business & Industry, News Article
02:15 07.03.2025

mena startups raise 494 million in february driven by saudi fintech

In February 2025, MENA startups raised $494 million across 58 deals, a nearly fivefold increase from the previous year, with Saudi Arabia leading at $250.3 million. The fintech sector dominated with $274 million, while later-stage investments grew, highlighted by Tabby's $160 million Series E funding. Despite the surge, male-led startups secured 87% of the total funding, leaving only $200,000 for female-led ventures.
Fintechnews Middle East
United States Dollar Egyptian Pound Saudi Riyal Omani Rial ARE EGY SAU OMN Merlin Taager Tabby Show more
Business & Industry, Market Report
02:04 07.03.2025

jioStar initiates layoffs affecting 1100 employees after merger completion

JioStar, formed from the merger of Reliance Industries' Viacom18 and The Walt Disney Company, is laying off approximately 1,100 employees. The downsizing, which began last month and may extend through June, targets overlapping roles primarily in finance, commercial, and legal departments, affecting staff from entry-level to senior director positions.
Tech in Asia
Reliance Industries Ltd. IND
Business & Industry, News Article
02:00 07.03.2025

Infibeam plans to sell stake in Primid and reorganizes board

Infibeam is set to divest its stake in subsidiary Primid as part of a strategic restructuring. The company is also making changes to its board to align with this new direction. This move reflects Infibeam's ongoing efforts to optimize its business operations.
StartupNews.fyi
IND
Business & Industry, Press Release
22:12 06.03.2025
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