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AI + Innovation (MENA) 
Infrastructure 
Local fintech player Khazna raises USD 16 mn in latest round
The company will use the fresh funds to continue its growth journey
Fintech CEO breaks Silicon Valley’s silence on AI in the workforce
Swedish BNPL Klarna reduced its workforce from 5k workers to 4k workers, thanks to task automation
India’s IPO market expected to raise USD 23 bn this year
Telecommunications firm Reliance Jio could potentially lead the largest IPO in Indian markets in 2025
EFG Hermes retains top spot in brokerage rankings in January
This marks the fifth consecutive month EFG has been in the top spot
Simplex plans KSA expansion with Riyadh CNC factory. PLUS: Madinet Masr, Taqa Arabia, Money Fellows, Al Amal Auto
The planned factory will be funded by its Saudi partner
AfDB approves USD 170 mn private sector development, economic diversification loan. PLUS: Paymob, Masria Digital Payments, SideUp, Mobica, Shell, Orascom Financial Holding
The funds will have a special emphasis on green growth
Fintech startup MoneyHash raises USD 5.2 mn in pre-series A funding
Southeast Asia is MoneyHash’s next target market
DisrupTech leads USD 1.7 mn round for Egyptian-founded Hamilton
The startup bridges traditional finance with BTC
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