Foodics raises $4 million pre-series B
Foodics, a Saudi cloud-based point-of-sale system for F&B businesses has raised $4 million in fresh funds, the startup announced today. The Pre-Series B investment comes from Riyadh Taqnia Fund (RTF), Kuwait-based Faith Capital, and Riyadh-based Tech Invest Com .
Sustainable style and the rise of circular fashion
When luxury fashion brand Burberry admitted to destroying more than $35 million worth of fashion and cosmetics products last year, there was outcry around the world over the amount of wastage created by the fashion industry for the sake of protecting their brand from counterfeits and discounting.
SThe fintech way of sending money abroad
The Gulf is the world’s biggest source of outbound remittances worldwide and fintech startups are vying to disrupt the ultra-competitive sector, but regulatory hurdles and scaling difficulties will make it tough for unorthodox providers to succeed in the region.
Abu Dhabi Investment Office launches
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