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Dispute between founders and board leaves Capiter in arrears to employees and creditors

The statements from Capiter’s Board and founders entail a lot of finger-pointing instead of finding a solution to pay employee salaries.

Top 10 most funded mobility-tech startups in MENA region

CAIRO: The shared mobility technology landscape, which includes ride-sharing, car-renting and taxi-ordering models, has been on the rise in the Middle East and North African region ever since global players such as Uber and Lyft rode a wave of success in the business. After producing several unicorns, the shared mobility market in the region is set to expand with a compound

What are the repercussions of Capiter s downfall?

There was a surge in startup activity during the pandemic that saw record-breaking investment channeled to some of the region’s most.

👨🏿‍🚀TechCabal Daily - For Queen and crypto

Since her death was announced, Coin Telegraph reports that over 40 coins and hundreds of NFTs named after Queen Elizabeth II have flooded the net. The Elizabeth token, for example, saw over $2.7 million in trade volume under 12 hours. More in #TCDaily.

Founders of Egyptian start up FIRED for funds mismanagement

Egyptian B2B e-commerce start-up Capiter, last year raised a $33 million series A round to the excitement of its board members when it was only one-year old. But this year the founders have been fired by the same board for funds mismanagement and aloofness. The board members unanimously fired the…

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