Billionaire Nik Storonsky could borrow up to $250 million against his Revolut stake
Revolut has proposed letting its billionaire founder, Nik Storonsky, borrow up to $250 million against his stake, five times the current limit.
Fintech
Mounir Nakhla plans to list only MNT-Halan's Egyptian arm and keep the rest private
MNT-Halan's planned Cairo listing covers only its Egyptian arm, valued at up to $1 billion, with its Turkish, Pakistani and Gulf operations staying private.
Pepkor's CEO Pieter Erasmus will hold a $169 million stake in the fintech he oversees
Pepkor CEO Pieter Erasmus will hold an indirect 13.2% of the $1.28 billion fintech his company is creating, a stake worth about $169 million.
Egyptian billionaire Naguib Sawiris joins the $2 million pre-seed round of UAE fintech Sovra as an early backer
Egyptian billionaire Naguib Sawiris has joined a $2 million pre-seed round in UAE fintech Sovra, a self-custodial global dollar account platform.
7 companies backed by Nasir Qadree, the $186 million inclusive VC
Washington-based Nasir Qadree manages $186 million through Zeal Capital Partners, backing ventures that target systemic financial inequities in America.