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2025 Middle East tech trends: How CIOs will drive innovation with AI

CIO

The Middle East is rapidly evolving into a global hub for technological innovation, with 2025 set to be a pivotal year in the regions digital landscape. AI and machine learning are poised to drive innovation across multiple sectors, particularly government, healthcare, and finance.

Trends 158
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Nigerian blockchain payments startup Bitmama closes $2M pre-seed as it scales to new markets

TechCrunch

Despite African governments’ inconsistent stance on cryptocurrencies, these countries house most of the continent’s crypto and blockchain startups. Chief executive officer Ruth Iselema founded the Africa-focused blockchain payments startup in 2019. One thing which is the backbone of Bitmama is that we are very innovative.

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ADIB-Egypt announces 1 billion EGP digital transformation plan

CIO

This ambitious initiative is poised to position ADIB-Egypt at the forefront of the digital banking revolution, transforming how customers interact with their financial services. The bank has been dedicated to enhancing its digital platforms and improving customer experience.

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Blockchain: Distributed Shared Ledger Technology in Banking

Hacker Earth Developers Blog

Over 90% of the world’s leading banks are either exploring, experimenting (PoCs), or formulating a strategy for leveraging blockchain technology, says an Accenture survey. Since its inception ten years ago, there has been plenty of hype around blockchain. An overview of Blockchain in Business Process Management (BPM).

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Paystand banks $50M to make B2B payments cashless and with no fees

TechCrunch

The Scotts Valley, California-based company is using cloud technology and the Ethereum blockchain as the engine for its Paystand Bank Network that enables business-to-business payments with zero fees. On the commercial side, however, one business trying to send $100,000 the same way is not as easy. Paystand wants to change that.

B2B 362
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Alchemy raises $80M at a $505M valuation to be the ‘AWS for blockchain’

TechCrunch

Blockchain developer platform Alchemy announced today it has raised $80 million in a Series B round of funding led by Coatue and Addition, Lee Fixel’s new fund. We realized that in order for space to thrive and build to its full potential, we needed to build a developer platform layer for blockchain,” Viswanathan told TechCrunch.

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Digital securities platform iSTOX closes $50 million Series A to make private equity accessible to more investors

TechCrunch

Two of its new backers are the government-owned Development Bank of Japan and JIC Venture Growth Investments, the venture capital arm of Japan Investment Corporation, a state-backed investment fund. Singapore’s government launches blockchain innovation program with $8.9 million in funding.