Egypt
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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Egypt Largest Fintech Round? Lucky Announces $25 Million Fund Raise
Lucky, Egypt’s leading app for credit products, offers and cashback rewards, announces its completion of a $25 million fund raise. The funding round, which claims to be Egypt’s largest Fintech Series A round so far, was led by Nclude by
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Egypt Among Top 4 Fintech Ecosystems in Africa
Over the past few years, Egypt’s fintech sector has grown at a rapid pace as the startup ecosystem thrives and investment surges. In its first industry report, Fintech Egypt, an initiative of the Central Bank of Egypt, delves into that
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Egyptian Digital Investment Platform Raises $20 Million
Thndr, the Egyptian digital investment platform, announced a new $20 million series A investment. The round was co-led by Tiger Global, BECO Capital and Prosus Ventures, in addition to participation from Base Capital, first-minute and existing investors Endure Capital, 4DX
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Arab Bank Wraps Up First Edition of Egypt Fintech Bootcamp
Arab Bank Egypt has concluded the first edition of its fintech bootcamp for Egyptian startups, with cash funding provided to three winning fintech startups. The one-week bootcamp took place between the 21st and the 25th of November this year, according
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Top 8 Funded Fintech Startups in Egypt
Financial inclusion is on the developmental agenda in Egypt, and fintech startups in Egypt are one of the key driving forces to achieve this kind of adoption. Digital payments is expected to be the most benefited vertical within the fintech
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Egyptian Banks Launch EGP 1 Billion Egypt Fintech Fund
Three Egyptian banks will be launching an Egypt fintech fund of EGP 1 billion (US$63.6 million) to support fintech companies next month, according to a recent statement. The three banks are National Bank of Egypt, Banque Misr, and Banque du
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Egypt-Focused dopay Raises US$18 Million Series A
Egypt-focused B2B2C payments platform dopay has secured US$18 million in a Series A funding round, the company announced in a statement last week. The company is based out of London and currently caters to its initial market Egypt. Force Over
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