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The Sudden Rise of Arab Startups

A few months ago, Tarek Kabrit, co-owner of Seez, the startup that makes the app, left a stellar career that included stints at Deutsche Bank AG and the Abu Dhabi sovereign fund Mubadala Investment Co. to focus on his new venture.And while that’s a relatively common move in North America and Western Europe, it’s been virtually unheard of in the…
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This 35-year-old banker left Goldman Sachs to start a fintech inspired by his mother — 5 years later Goldman gave him £100 million

LONDON — Goldman Sachs has invested £100 million in a fintech startup founded by two of its former bankers that lets people borrow money and repay through their salaries.Neyber, founded in 2014 and launched in 2015, partners with employers to let their staff borrow money at attractive rates.Ijaha and his cofounders — Monica Kalia, 44, another…
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Investment Values Facebook at $10 Billion

Update | 3:02 p.m.: The New York Times’s Claire Cain Miller provides some more detail on the Facebook deal in this article.Digital Sky Technologies, an Internet investment company based in Moscow, said Tuesday it has invested $200 million in Facebook in exchange for a 1.96 percent stake in the company, and would eventually offer to buy at least…
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