Egypt

Report Details 11 Fintech Regulatory Sandboxes in MENA in 2022

The MENA Fintech Association’s (MFTA) Open Finance Working Group has published a new report on the rise of open banking and embedded finance in the Middle East and North Africa. The report found that regulators in the region have been

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Blnk Raises US$32M Led by Abu Dhabi’s EIIC and Sawari Ventures

Egyptian consumer credit platform Blnk has raised US$23.7 million in equity and debt funding, and US$8.3 million in securitised bond issuance underwritten by National Bank of Egypt and Banque du Caire. The US$12.5 million equity round was led by Abu

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Egypt Money App Telda Raises US$20M Seed Round Led By Global Founders Capital

Cairo-based Gen Z money app Telda has raised US$20 million in seed funding led by Global Founders Capital with participation from Sequoia Capital and new investor Block, Inc. According to TechCrunch, Telda aspires to be a digital bank but it

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Mastercard Invests in Egyptian VC Firm Nclude

Mastercard has invested in Nclude, a fintech-focused VC investment platform launched in partnership with Egyptian banks Banque Misr, Banque Du Caire and the National Bank of Egypt. Founded in 2022, the company has received US$100 million in funding from the

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Top 8 MENA Fintech Funding Rounds With Corporate VC Investment in H1 2022

Corporate venture capital (CVC) deals declined on the whole in terms of number and volume in the first half of 2022, though the average deal size increased to US$35 million in the second quarter of the year. This is according

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Tabby, Paymob Partner to Enable BNPL Payments for Retailers in Egypt

BNPL shopping app Tabby and payments company Paymob have partnered to enable in-store and online retailers in Egypt to benefit from Tabby’s Buy Now Pay Later (BNPL) payment solution via Paymob’s gateway. Tabby, which was founded in the UAE in

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liwwa Secures US$18.5M to Grow Its P2P Lending Platform and Expand in Egypt

Amman-based lending fintech liwwa has secured US$18.5 million in its Pre-Series B fundraising round. The company lends to small and medium enterprises (SMEs) in Jordan and Egypt, and also operates peer-to-peer (P2P) lending platform liwwa.com. Founded in 2015, liwwa has

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Egypt’s Paymob Raises US$50 Million in Series B Fundraise

Paymob, Egypt’s omni-channel merchant financial services platform, announced it has raised US$50 million in a Series B funding round led by Kora Capital, PayPal Ventures, and Clay Point. This Series B funding round brings Paymob’s total funding to over US$68.5

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MENA’s Fintech App for School Fees Secures $9.4M Seed Round

zenda, MENA’s first fintech app for families has announced it has secured a $9.4m oversubscribed seed round. zenda currently addresses pain points around the payment of school fees – in particular, the lack of convenience and flexibility in payment options

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The 3 Largest National Egyptian Banks Launch $85 million Fintech MEA Fund

Egypt’s largest national banks – Banque Misr, National Bank of Egypt, and Banque du Caire – and Global Ventures, a leading MEA-focused venture capital firm – announce the launch of Nclude by Global Ventures, following approval by the Central Bank

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