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Careem, a ridehailing company in acquisition talks with Uber, raised $200 million from Saudi backersCareem, a Dubai-headquartered rival to Uber, has raised the first $200 million of a $500 million funding round to expand its service. One of its main backers is Saudi Arabia's Kingdom Holding Company, and the deal comes at a sensitive time. Careem? Crypto_News___ Great
Source: BusinessInsider - 🏆 729. / 51 Read more »
The founder of Uber's Middle East rival says funding and investment 'will not be an issue'The taxi app Careem recently secured $200 million in fresh funds from Saudi Arabia.
Source: CNBC - 🏆 12. / 72 Read more »
Dubai-based mobile payments provider Beam goes global after major retail acquisitionDubai-based mobile payments platform Beam will expand into seven new markets next year, seeking international growth in the increasingly competitive and fragmented payments sector.
Source: CNBC - 🏆 12. / 72 Read more »