Wednesday, September 8, 2021

Egyptian microfinance lending and payments service MNT-Halan raises $120M, as investors say it has 4M+ customers in Egypt and disbursed over $1.7B in loans (Patrick Werr/Reuters)

Patrick Werr / Reuters:
Egyptian microfinance lending and payments service MNT-Halan raises $120M, as investors say it has 4M+ customers in Egypt and disbursed over $1.7B in loans  —  Three private equity funds and a group of venture capitalists have invested about $120 million in Egyptian microfinance lending …



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Spotify co-CEO Alex Norström defends the company's expansion into AI-generated music, arguing that "controlled" products are superior to unregulated AI "slop" (Financial Times)

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