Lean Technologies, a Riyadh-based fintech infrastructure platform, has secured $67.5 million in Series B funding led by General Catalyst, a renowned Silicon Valley-based venture capital group. The round also saw participation from Bain Capital Ventures, Stanley Druckenmiller’s Duquesne Family Office, Arbor Ventures, and JIMCO, among others. This brings Lean’s total funding to over $100 million to date.

Trolley, a leading global payouts platform, today announced it has raised $23 million USD in a Series B growth equity funding round led by Wavecrest Growth Partners, with participation from existing investor Pace Capital. 

This investment will enable Trolley to accelerate product development, broaden its market presence, and enhance its platform to better serve businesses ranging from startups to Fortune 500 companies.

Pemo has announced a $7 million Pre-Series A Funding round as it seeks to continue its unprecedented growth in the region.

Following two years of remarkable success in the UAE, the leading Dubai-based spend management platform has secured this funding in the wake of achieving a milestone moment of reaching AED 1.4bn in annualized transactions. 

Bitget, the leading cryptocurrency exchange and Web3 company is proud to announce hitting all-time-high trading volumes, open interest and Daily Active Users. The recent market surge has increased activity on the platform, making it surpass major competitors ranking #3 globally for Futures trading on Coingecko.

Santander Bank, N.A. (“Santander” or “the Bank”) announced today that is has expanded its suite of digital cash management solutions to enhance the commercial client experience while reducing its overall cost to serve. With an increased focus on mobile banking and investments in treasury products, the Bank will continue to expand its offerings in 2025.

Innovance Technologies, a leading software development powerhouse that delivers end-to-end solutions to financial institutions, joins hands with Salt Edge, a global leader in open banking, to boost the delivery of open banking solutions in the EMEA region.

Backbase, creator of the Engagement Banking Platform, today announces that Maritime Commercial Joint Stock Bank (MSB), has made a strategic investment in the Backbase Engagement Banking Platform, with local implementation support from Backbase’s partner, SmartOSC, a premium digital enabler.

After an extensive search, Tandem, which has moved into significant underlying profit over recent years, has appointed its new CFO to succeed Dave McCarthy.

Sift, the AI-powered fraud platform securing digital trust for leading global businesses, today announced the release of new insights to the Fraud Industry Benchmarking Resource (FIBR), a free online tool powered by Sift that allows anyone to access key fraud metrics across industries, geographies, and time.