MONEY

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Foodics raises $4 million

Food Tech: Saudi Startup Raises $4 Million For Its iPad-based Restaurant Management System

Foodics, a Saudi Arabia-based restaurant management systems startup, has raised $4 million in a Series A round, it announced over the weekend.According to a statement, the round was led by Saudi venture capital... (contd.)
MEVP invests in Wego

Post MBC Deal, Wego Secures Further Ammo For Expansion From MEVP

Travel marketplace startup Wego announced today that it had secured an investment from Middle East Venture Partners (MEVP) in exchange for equity ownership.Financial details of the deal were not disclosed.Wego, which compares... (contd.)
Even if you don't believe this e-currency is a game of monetary musical chairs, it still has issues. Bitcoins are untraceable--so is the service level. And for a currency to work, there's got to be a lot of it.

Why I Bailed on Bitcoin

JPMorgan Chase CEO Jamie Dimon just called Bitcoin a fraud. Dimon is known for being blunt, but I wouldn't go that far at this point. Let's just say that Bitcoin is merely a... (contd.)
Cryptocurrency and blockchain technologies are paving the way for a financial revolution.

Three Reasons Universal Basic Income Could Work In The Arab World & Beyond

Poverty is disease ravaging the world’s economies, and universal basic income (UBI) may be the cure. The basic income could provide all citizens with the funds to feed, shelter and educate themselves without... (contd.)
It can be tricky to manage money properly for yourself or a business that you run. Let these steps guide you.

5 Tips to Help You Navigate the Volatile Global Financial Situation

There's a J.K. Rowling quote I like: "It is our choices, that show what we truly are, far more than our abilities." It seems fitting in today's global landscape.We're living in unstable... (contd.)
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The company makes this possible by implementing a credit staking and identity attestation system. Much like how Google's PageRank algorithm ranks the most trustworthy websites based on which other sites link to them, Bloom uses social and organizational data to determine if a borrower is safe and deserving of a loan. "Bloom makes it easy for lenders to transition to the blockchain by offering a new, compliant way for them to access new markets," said co-founder Jesse Leimgruber. The vision is more than just opening up credit globally. Bloom provides a platform to democratize the multi trillion dollar lending market. "We aim to reduce the need for traditional banking infrastructure and eliminate opaque, proprietary credit scores," added Alain Meier. It's an exciting time in the blockchain industry, and projects like Bloom aim to help cryptocurrency reach its full potential.

This Company is Making Credit Available To 3 Billion People

Three billion people globally cannot obtain a credit card, according to the World Bank. 38 percent of the world's population does not have a bank account. The world's eight richest billionaires control the... (contd.)
NOW money raises funds

With Another Round Of Funding, NOW Money Hopes To Eradicate Financial Exclusion In The GCC

NOW Money, the UAE-based fintech startup, that recently closed a $700K funding round has now closed another round for a total of $1.46million.Armed with this injection of finances, the company is on... (contd.)
They have different spending habits than their parents.

How Millennials Are Choosing to Spend Their Money

Millennials are using less credit than their parents did when they were younger, according to TransUnion. But two categories are different: personal and auto loans. Millennials' needs are not vastly different... (contd.)
Money, in its physical form, has been around for thousands of years. It has been remade and redeveloped time and time over. And it's happening again.

Cash Is About to Become Obsolete. Here’s How You Can Get Ready for It

How often do you find yourself paying with cash, writing checks, or interacting with bond certificates? Because a reality is soon approaching where money will be stripped of its tangibility, and digital currencies will emerge... (contd.)
Simple tips to help you keep your business secure if disaster strikes.

Budget-Friendly Tips to Help You Disaster-Proof Your Finances

With the official start of hurricane season looming, and the ravages of Hurricane Harvey still wreaking untold damage in Texas, there's a question I keep hearing: How can I protect myself and my business... (contd.)
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