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Flend Raises $3 Million to Expand Embedded SME Finance in Egypt
Flend Raises $3 Million to Expand Embedded SME Finance in Egypt

CairoScene

time2 days ago

  • Business
  • CairoScene

Flend Raises $3 Million to Expand Embedded SME Finance in Egypt

Flend's platform allows B2B platforms to integrate financing services directly into their existing operations, enabling merchants to access credit without leaving the ecosystem they already use. Jul 23, 2025 Flend, a Cairo-based fintech startup, has raised $3 million in a pre-seed funding round to support its embedded finance offering for SMEs in Egypt. The round was led by Acasia Ventures and included participation from several regional investors including A15, Camel Ventures, and the Dutch entrepreneurial development bank FMO. Flend's platform allows B2B platforms to integrate financing services directly into their existing operations, enabling merchants and sellers to access credit without leaving the ecosystem they already use. The startup aims to simplify working capital access for SMEs by providing tailored lending through data-driven credit assessments. With the new funding, Flend plans to expand its network of partner platforms, enhance its credit scoring engine, and increase its lending capacity. The company reports that it has already disbursed over $2 million in loans and seen strong repayment performance among SME borrowers. The funding round also included follow-on support from existing investors and a backing from Micro, Small and Medium Enterprises Development Agency (MSMEDA). Flend's expansion comes as embedded finance gains traction in emerging markets, offering new ways to meet the liquidity needs of underserved businesses. The company's approach aims to remove friction from the lending process and help SMEs grow without the burden of traditional bank applications.

Motorcyclist injured in Bourne car crash dies
Motorcyclist injured in Bourne car crash dies

BBC News

time2 days ago

  • Automotive
  • BBC News

Motorcyclist injured in Bourne car crash dies

A motorcyclist who suffered serious injuries following a car crash in in Lincolnshire has since crash, which involved a Ford Fiesta, happened at about 17:50 BST on 11 July on the A15 near man, who was in his 60s, was taken to hospital and died on Tuesday, Lincolnshire Police next of kin has been informed, the force added. Listen to highlights from Lincolnshire on BBC Sounds, watch the latest episode of Look North or tell us about a story you think we should be covering here. Download the BBC News app from the App Store for iPhone and iPad or Google Play for Android devices

Jane's Addiction sue each other over onstage fight
Jane's Addiction sue each other over onstage fight

The Advertiser

time17-07-2025

  • Entertainment
  • The Advertiser

Jane's Addiction sue each other over onstage fight

The members of alternative rock band Jane's Addiction have filed duelling lawsuits over singer Perry Farrell's onstage scuffle with guitarist Dave Navarro at a Boston concert, prompting the cancellation of the rest of their reunion tour and a planned album. Navarro, drummer Stephen Perkins and bassist Eric Avery sued Farrell in Los Angeles Superior Court on Wednesday seeking at least $US10 million ($A15 million), alleging that Farrell's behaviour was out of control on the tour and culminated in the assault, where Farrell punched Navarro on stage and backstage. "With a series of swift blows, he single-handedly destroyed the name, reputation, trademark and viability of the band and those who built it," their lawsuit says. Farrell and his wife, Etty Lau Farrell, sued the three band mates in the same court, blaming them for the conflict and the violence. "Navarro, Avery and Perkins apparently decided that Jane's Addiction's decades of success should be jettisoned in pursuit of a years-long bullying campaign against Farrell," the lawsuit says, involving harassing him onstage such as by playing instruments so loudly he could not hear himself sing. The Farrells said Navarro and Avery actually assaulted them. Perry Farrell said he was "blindsided" when the other members cancelled the remaining 15 shows of the tour and broke up the band without consulting him, and defamed him by saying he had mental health problems. Jane's Addiction formed in Los Angeles in the 1980s, had hits such as Jane Says and Been Caught Stealing, and founded the Lollapalooza tour in 1991. The group has had various incarnations over the years, and their 2024 tour was the first time the original members had played together since 2010. Farrell missed all the group's tour rehearsals, his band mates' lawsuit alleges, and his behaviour during the early shows ranged from erratic to out of control. Then, on September 13, 2024, at a show in Boston in front of about 4000 fans, videos partially captured Farrell lunging at Navarro and bumping Navarro with his shoulder before taking a swing at the guitarist with his right arm. Navarro is seen holding his right arm out to keep Farrell away before Farrell is dragged away. But Farrell's lawsuit says the onstage altercation "was hardly one-sided". It says Navarro was deliberately playing loud to drown out the singer, and "what followed was an inappropriate violent escalation by Navarro and Avery that was disproportionate to Farrell's minor body check of Navarro". Farrell alleges that when he was being restrained by a crew member, Avery punched him in the kidneys, and Avery and Navarro assaulted him and his wife backstage. Shortly after the fight, Farrell in a statement apologised to his band mates for "inexcusable behaviour". Both lawsuits allege assault, infliction of emotional distress and breach of contract, among other claims. The members of alternative rock band Jane's Addiction have filed duelling lawsuits over singer Perry Farrell's onstage scuffle with guitarist Dave Navarro at a Boston concert, prompting the cancellation of the rest of their reunion tour and a planned album. Navarro, drummer Stephen Perkins and bassist Eric Avery sued Farrell in Los Angeles Superior Court on Wednesday seeking at least $US10 million ($A15 million), alleging that Farrell's behaviour was out of control on the tour and culminated in the assault, where Farrell punched Navarro on stage and backstage. "With a series of swift blows, he single-handedly destroyed the name, reputation, trademark and viability of the band and those who built it," their lawsuit says. Farrell and his wife, Etty Lau Farrell, sued the three band mates in the same court, blaming them for the conflict and the violence. "Navarro, Avery and Perkins apparently decided that Jane's Addiction's decades of success should be jettisoned in pursuit of a years-long bullying campaign against Farrell," the lawsuit says, involving harassing him onstage such as by playing instruments so loudly he could not hear himself sing. The Farrells said Navarro and Avery actually assaulted them. Perry Farrell said he was "blindsided" when the other members cancelled the remaining 15 shows of the tour and broke up the band without consulting him, and defamed him by saying he had mental health problems. Jane's Addiction formed in Los Angeles in the 1980s, had hits such as Jane Says and Been Caught Stealing, and founded the Lollapalooza tour in 1991. The group has had various incarnations over the years, and their 2024 tour was the first time the original members had played together since 2010. Farrell missed all the group's tour rehearsals, his band mates' lawsuit alleges, and his behaviour during the early shows ranged from erratic to out of control. Then, on September 13, 2024, at a show in Boston in front of about 4000 fans, videos partially captured Farrell lunging at Navarro and bumping Navarro with his shoulder before taking a swing at the guitarist with his right arm. Navarro is seen holding his right arm out to keep Farrell away before Farrell is dragged away. But Farrell's lawsuit says the onstage altercation "was hardly one-sided". It says Navarro was deliberately playing loud to drown out the singer, and "what followed was an inappropriate violent escalation by Navarro and Avery that was disproportionate to Farrell's minor body check of Navarro". Farrell alleges that when he was being restrained by a crew member, Avery punched him in the kidneys, and Avery and Navarro assaulted him and his wife backstage. Shortly after the fight, Farrell in a statement apologised to his band mates for "inexcusable behaviour". Both lawsuits allege assault, infliction of emotional distress and breach of contract, among other claims. The members of alternative rock band Jane's Addiction have filed duelling lawsuits over singer Perry Farrell's onstage scuffle with guitarist Dave Navarro at a Boston concert, prompting the cancellation of the rest of their reunion tour and a planned album. Navarro, drummer Stephen Perkins and bassist Eric Avery sued Farrell in Los Angeles Superior Court on Wednesday seeking at least $US10 million ($A15 million), alleging that Farrell's behaviour was out of control on the tour and culminated in the assault, where Farrell punched Navarro on stage and backstage. "With a series of swift blows, he single-handedly destroyed the name, reputation, trademark and viability of the band and those who built it," their lawsuit says. Farrell and his wife, Etty Lau Farrell, sued the three band mates in the same court, blaming them for the conflict and the violence. "Navarro, Avery and Perkins apparently decided that Jane's Addiction's decades of success should be jettisoned in pursuit of a years-long bullying campaign against Farrell," the lawsuit says, involving harassing him onstage such as by playing instruments so loudly he could not hear himself sing. The Farrells said Navarro and Avery actually assaulted them. Perry Farrell said he was "blindsided" when the other members cancelled the remaining 15 shows of the tour and broke up the band without consulting him, and defamed him by saying he had mental health problems. Jane's Addiction formed in Los Angeles in the 1980s, had hits such as Jane Says and Been Caught Stealing, and founded the Lollapalooza tour in 1991. The group has had various incarnations over the years, and their 2024 tour was the first time the original members had played together since 2010. Farrell missed all the group's tour rehearsals, his band mates' lawsuit alleges, and his behaviour during the early shows ranged from erratic to out of control. Then, on September 13, 2024, at a show in Boston in front of about 4000 fans, videos partially captured Farrell lunging at Navarro and bumping Navarro with his shoulder before taking a swing at the guitarist with his right arm. Navarro is seen holding his right arm out to keep Farrell away before Farrell is dragged away. But Farrell's lawsuit says the onstage altercation "was hardly one-sided". It says Navarro was deliberately playing loud to drown out the singer, and "what followed was an inappropriate violent escalation by Navarro and Avery that was disproportionate to Farrell's minor body check of Navarro". Farrell alleges that when he was being restrained by a crew member, Avery punched him in the kidneys, and Avery and Navarro assaulted him and his wife backstage. Shortly after the fight, Farrell in a statement apologised to his band mates for "inexcusable behaviour". Both lawsuits allege assault, infliction of emotional distress and breach of contract, among other claims. The members of alternative rock band Jane's Addiction have filed duelling lawsuits over singer Perry Farrell's onstage scuffle with guitarist Dave Navarro at a Boston concert, prompting the cancellation of the rest of their reunion tour and a planned album. Navarro, drummer Stephen Perkins and bassist Eric Avery sued Farrell in Los Angeles Superior Court on Wednesday seeking at least $US10 million ($A15 million), alleging that Farrell's behaviour was out of control on the tour and culminated in the assault, where Farrell punched Navarro on stage and backstage. "With a series of swift blows, he single-handedly destroyed the name, reputation, trademark and viability of the band and those who built it," their lawsuit says. Farrell and his wife, Etty Lau Farrell, sued the three band mates in the same court, blaming them for the conflict and the violence. "Navarro, Avery and Perkins apparently decided that Jane's Addiction's decades of success should be jettisoned in pursuit of a years-long bullying campaign against Farrell," the lawsuit says, involving harassing him onstage such as by playing instruments so loudly he could not hear himself sing. The Farrells said Navarro and Avery actually assaulted them. Perry Farrell said he was "blindsided" when the other members cancelled the remaining 15 shows of the tour and broke up the band without consulting him, and defamed him by saying he had mental health problems. Jane's Addiction formed in Los Angeles in the 1980s, had hits such as Jane Says and Been Caught Stealing, and founded the Lollapalooza tour in 1991. The group has had various incarnations over the years, and their 2024 tour was the first time the original members had played together since 2010. Farrell missed all the group's tour rehearsals, his band mates' lawsuit alleges, and his behaviour during the early shows ranged from erratic to out of control. Then, on September 13, 2024, at a show in Boston in front of about 4000 fans, videos partially captured Farrell lunging at Navarro and bumping Navarro with his shoulder before taking a swing at the guitarist with his right arm. Navarro is seen holding his right arm out to keep Farrell away before Farrell is dragged away. But Farrell's lawsuit says the onstage altercation "was hardly one-sided". It says Navarro was deliberately playing loud to drown out the singer, and "what followed was an inappropriate violent escalation by Navarro and Avery that was disproportionate to Farrell's minor body check of Navarro". Farrell alleges that when he was being restrained by a crew member, Avery punched him in the kidneys, and Avery and Navarro assaulted him and his wife backstage. Shortly after the fight, Farrell in a statement apologised to his band mates for "inexcusable behaviour". Both lawsuits allege assault, infliction of emotional distress and breach of contract, among other claims.

Jane's Addiction sue each other over onstage fight
Jane's Addiction sue each other over onstage fight

Perth Now

time17-07-2025

  • Entertainment
  • Perth Now

Jane's Addiction sue each other over onstage fight

The members of alternative rock band Jane's Addiction have filed duelling lawsuits over singer Perry Farrell's onstage scuffle with guitarist Dave Navarro at a Boston concert, prompting the cancellation of the rest of their reunion tour and a planned album. Navarro, drummer Stephen Perkins and bassist Eric Avery sued Farrell in Los Angeles Superior Court on Wednesday seeking at least $US10 million ($A15 million), alleging that Farrell's behaviour was out of control on the tour and culminated in the assault, where Farrell punched Navarro on stage and backstage. "With a series of swift blows, he single-handedly destroyed the name, reputation, trademark and viability of the band and those who built it," their lawsuit says. Farrell and his wife, Etty Lau Farrell, sued the three band mates in the same court, blaming them for the conflict and the violence. "Navarro, Avery and Perkins apparently decided that Jane's Addiction's decades of success should be jettisoned in pursuit of a years-long bullying campaign against Farrell," the lawsuit says, involving harassing him onstage such as by playing instruments so loudly he could not hear himself sing. The Farrells said Navarro and Avery actually assaulted them. Perry Farrell said he was "blindsided" when the other members cancelled the remaining 15 shows of the tour and broke up the band without consulting him, and defamed him by saying he had mental health problems. Jane's Addiction formed in Los Angeles in the 1980s, had hits such as Jane Says and Been Caught Stealing, and founded the Lollapalooza tour in 1991. The group has had various incarnations over the years, and their 2024 tour was the first time the original members had played together since 2010. Farrell missed all the group's tour rehearsals, his band mates' lawsuit alleges, and his behaviour during the early shows ranged from erratic to out of control. Then, on September 13, 2024, at a show in Boston in front of about 4000 fans, videos partially captured Farrell lunging at Navarro and bumping Navarro with his shoulder before taking a swing at the guitarist with his right arm. Navarro is seen holding his right arm out to keep Farrell away before Farrell is dragged away. But Farrell's lawsuit says the onstage altercation "was hardly one-sided". It says Navarro was deliberately playing loud to drown out the singer, and "what followed was an inappropriate violent escalation by Navarro and Avery that was disproportionate to Farrell's minor body check of Navarro". Farrell alleges that when he was being restrained by a crew member, Avery punched him in the kidneys, and Avery and Navarro assaulted him and his wife backstage. Shortly after the fight, Farrell in a statement apologised to his band mates for "inexcusable behaviour". Both lawsuits allege assault, infliction of emotional distress and breach of contract, among other claims.

GelreGroen JV signs contract with Rijkswaterstaat for Dutch highway project
GelreGroen JV signs contract with Rijkswaterstaat for Dutch highway project

Yahoo

time04-07-2025

  • Business
  • Yahoo

GelreGroen JV signs contract with Rijkswaterstaat for Dutch highway project

Rijkswaterstaat, the operational arm of the Dutch Ministry of Infrastructure and Water Management, has sealed a significant contract with the GelreGroen joint venture (JV) for a highway project in the Netherlands. The GelreGroen JV, comprising HOCHTIEF (40%), John Laing (40%), Dura Vermeer (10%), and BESIX (10%), will undertake the project's planning, construction, and subsequent maintenance. The consortium executing the work will comprise HOCHTIEF, Dura Vermeer, BESIX, and Van Oord, each holding a 25% stake. Set in the Arnhem area, the project will see the extension of the A15 highway by 12km and the widening of the A12 and A15 roads with additional lanes over a 23km stretch. The contract also encompasses the financing, operation, and maintenance of the highway until 2051. The project, awarded to the JV in 2020, faced delays due to appeals before the domestic Supreme Administrative Court, preventing the commencement of work. The project is now scheduled to start in January 2026, with the new section of the A15 highway and the additional lanes on the A12/A15 expected to open by the end of 2031. As construction moves forward, the project will include the erection of 45 bridge structures, ten traffic junctions, and additional noise barriers. A new bridge over the Pannerdensch Canal, approximately 2.5km in length, will serve as the project's centrepiece. Sustainability is a key focus of the project, influencing the planning, construction, and operation phases. The GelreGroen name reflects an environmentally focused design, and the development will include the reuse of materials and green construction methods. Last month, HOCHTIEF announced that in partnership with cloud solutions provider IONOS Group, it submitted an expression of interest to the European Commission for its interest in constructing and operating an AI 'Gigafactory' in Europe. "GelreGroen JV signs contract with Rijkswaterstaat for Dutch highway project" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

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