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Mambu raises €110 million in new capital in its latest funding round

Subha Bhargavi
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Mambu has announced its latest funding round of €110 million in new capital. This round was led by TCV, whose investments include Netflix, RELEX, Spotify, and WorldRemit. Additional investment was received by Tiger Global and Arena Holdings, as well as existing investors Bessemer Venture Partners, Runa Capital and Acton Capital Partners. The new round brings […]

Bahrain achieves full national 5G coverage

Subha Bhargavi
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Bahrain has achieved full national 5G coverage, according to Bahrain’s Ministry of Transportation and Telecommunications, as two of three mobile operators have achieved full coverage to the Kingdom’s population, sparking a new wave of opportunities for streaming, gaming and supply chain technologies.

F5 set to acquire Volterra

Subha Bhargavi
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F5 and Volterra has announced a definitive agreement under which F5 will acquire all issued and outstanding shares of privately held Volterra for approximately $440 million in cash and approximately $60 million in deferred consideration and assumed unvested incentive compensation to founders and employees. With the addition of Volterra’s technology platform, F5 is creating an […]

Zbooni announces 600% growth in business across its platform

Subha Bhargavi
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Zbooni has announced a record-breaking 2020, with 600% growth in volume of business across its platform. The business saw accelerated acquisition of merchants looking for efficient solutions to help start, run and grow their business during what was a turbulent year for many industries. Zbooni, which has a range of powerful digital tools to assist […]

Nokia expands its strategic 5G partnership with Zain KSA

Subha Bhargavi
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Nokia has announced an expansion of its strategic 5G partnership with Zain KSA to rollout 60,000 FastMile 5G Gateway 3.1 with eSIM across Saudi Arabia over the next 12 months. The gateways will deliver a stronger signal, better connectivity and ultra-high data speeds to every corner of homes and offices in the Kingdom. The move […]
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