Funding | Page 4

Governments are not only increasing regulation of fintech companies, but they are also actively building new technologies that seemingly compete with them.

This latest round of funding has entailed a total of $28 million raised by Foodics in recent months- a move that is expected to help the firm inch closer towards its goal of becoming the next Saudi unicorn.

With an aim to expand through the Middle East and work with diverse regulators, the co-founders hope to further their vision of mass adoption of crypto assets in the region.

Led by General Partners Noor Sweid and Basil Moftah, this enterprise proudly declares on its website that its vision is global, and its focus is growth- and Global Ventures has been clearly exhibiting its premise by supporting entrepreneurs in emerging markets that are working to "change the world."