Dubai-based fintech Alaan has closed a $48million Series A round, one of the largest in the Middle East and North Africa. Focused on leveraging AI for smarter corporate expense management, Alaan plans to use the funds on product innovation and regional expansion. This robust investment highlights sustained appetite for AI-powered fintech solutions and the growing significance of the MENA market in the global tech scene.
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The U.S. government has added OpenAI, Google, and Anthropic to its list of approved AI vendors. Through a revamped Multiple Awards Schedule, federal agencies can now access these leading AI platforms using pre-negotiated contracts, easing procurement and accelerating digital transformation. This move signals a major shift in how governments work with cutting-edge AI tools and the growing recognition of generative AI’s transformative potential across public services.
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