Egypt

Egypt’s Kashat Raises US$1.75m for Micro Lending App

Kashat, an Egyptian micro loan solutions provider, has raised US$1.75 million in a new bridge funding round, Magnitt reported. The round was led by pan-African VC fund Launch Africa Ventures, and had “key” regional investors participate, the report said. This

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Egyptian Super App MNT-Halan Bags US$120m

Egyptian financial and logistics super app MNT-Halan has secured US$120 million from private equity and venture capital investors, the company announced in a statement today. The funding was raised from Apis Growth Fund II by Apis Partners, Development Partners International,

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Arab Bank Launches Fintech Accelerator in Egypt

Jordan’s Arab Bank has launched a corporate fintech accelerator in Egypt, according to a recent announcement by the bank. The AB Accelerator, which was initially launched in Jordan in 2018, is a part of Arab Bank’s efforts to develop fintech

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dopay Acquires Banking Licence Through Bank ABC Egypt

Payments fintech dopay has secured a banking agent licence from Bank ABC Egypt for a virtual banking platform, a statement from the company said. The collaboration will allow dopay to offer its B2B payment and banking platform for SMEs and

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How Fawry Became Egypt’s First Fintech Titan

In August last year, Fawry made headlines as Egypt’s first tech company to lay claim to unicorn status. The financial services company, which offers its solutions to consumers and businesses both, processes three million transactions daily, it claims on its

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Cairo Credit Management Platform CreditFins Raises Pre-Seed Funding

Cairo-based CreditFins, a credit card management fintech, has raised an undisclosed amount in pre-seed funding, the company announced. The round was led by Flat6Labs, AUC Angels, TA Telecom Holding, and other strategic tech angel investors, the company said. Meanwhile, CreditFins

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6 Fintech Startups in Egypt to Watch in 2021

Key developments in the Egyptian startup ecosystem have led to a renewed appetite for growth in the space, and for its fintech startups in Egypt as well. Much of this activity is attributed to a slew of policy level shifts.

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Airome Technologies Expands to the MENA Region Through Finvent Solutions’ Partnership

Airome Technologies, a Singapore-based developer of cybersecurity solutions for digital banking and e-document management systems, has announced its entry into the MENA region with Finvent Solutions as its key channel reseller in the market. The key solution in the partner’s

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2020 VC Funding Hits New All-Time High in Egypt; Fintech Makes up 8% of Total Funding

Egypt’s venture investment ecosystem has emerged as one of the most rapidly developing markets in the Middle East and North Africa (MENA), growing at a compound annual growth rate (CAGR) of 100% over the past five years, according to the

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Egyptian Payments Firm Paymob Completes Series A Funding Of US$18.5 Million

Egypt’s digital payments provider Paymob announced that it has secured US$15 million in a second tranche of its Series A fundraising activity. It follows a first tranche of US$3.5 million, raised in July 2020. The capital raise was led by

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