Egypt

Egyptian Financial Management Platform Swypex Secures $4 Million Seed Round

Swypex announced its launch following a $4 million seed investment round, led by the renowned venture capital fund Accel. This marks Accel’s first fintech investment in the region. The investment also included participation from Foundation Ventures, The Raba Partnership, and

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Chris Skinner Co-Founds Fintech Startup in Egypt

Ramses, an American Fintech startup, revealed its strategy for the upcoming period. The Company aims to establish its business model in Egypt and Sudan in 2024, while also focusing on expansion and entering new markets across Africa and the Middle

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The Top 13 Fintechs From Egypt

Forbes Middle East has released its annual selection of the Middle East’s top fintech companies, highlighting the 50 biggest and fastest-growing public and private fintech firms in the region. The 2024 Fintech 50 list showcases key players reshaping the fintech

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Egyptian Wealthtech Bokra Raises $4.6 Million Pre-Seed

Bokra, a Cairo-based fintech, announces the closure of its $4.6 million pre-Seed round led by DisrupTech Ventures, and SS Capital alongside other investors. The company aims to revolutionise wealth management in the MENA region by being the first platform to

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Moneyhash Raises $4.5 Million Seed Funding

MoneyHash, an USA and Egypt based payment orchestration platform has successfully raised $4.5M in a seed funding round. The round was co-led by COTU Ventures and Sukna Ventures, with participation from RZM Investment, Dubai Future District Fund, VentureFriends, and a

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Middle Eastern and African Region Sees Neobanking Sector Picking up Steam

Though still in their early stages of development compared to Europe and the US, neobanks are playing a growing role in the Middle East and Africa (MEA) region by addressing challenges in accessing traditional financial services. The Fintech Times identified

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Arab Monetary Fund Report: The Arab Open Banking Market Growth

The Open Banking market across Arab Countries to grow by 25% annually over the next five years, The Arab Monetary Fund (AMF) said in a report issued this week, presenting guidelines for an “Effective Open Banking/ Finance Adoption”. The report

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MENA Gen Z Consumers Favor Mobile Wallets as Preferred Payment Method

In the Middle East and North Africa, Generation Z (Gen Z) members are showing preference for digital payments methods over cash, identifying cards and mobile wallets as their favored and most used payment methods, a new study conducted by Sixth

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Egypt Fintech Startup Ecosystem Expands Fivefold

Between 2017 and 2022, the number of fintech companies in Egypt increased by 5.5 times, soaring from a mere 32 players five years ago to now 177. This rapidly expanding ecosystem is arising on the back of soaring demand for

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Flash Secures US$6M Seed Round to Accelerate Contactless Payments in Egypt

Flash, a new cashless payments app in Egypt, has secured a US$6 million seed funding round led by Addition, with participation from Flourish Ventures and other angel investors. The funding will be used to accelerate the startup’s product development as

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