Cairo-based fintech startup Octane has raised $5.2 million in a funding round led by Shorooq Partners, Algebra Ventures, and SC Holding, the company announced on Tuesday. The funding will be used to expand the startup’s regional footprint, grow its acceptance network, and enhance...

Gothenburg, Sweden-based electric vehicle innovator Polestar (Nasdaq: PSNY) has secured a $200 million equity investment from PSD Investment Limited, a long-time backer and an entity controlled by Eric (Shufu) Li, founder and chairman of Geely Holding Group. The strategic capital injection will be...