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Blessed Frank

Exploring Africa's Tech Frontier | Unearthing Startup Gold 💰 | Decoding Crypto & Web3 | Your Guide to Emerging Markets #TechJournalist

Algebra Ventures, Egypt’s VC Firm Finalizes the First Close of its $100m Second Egypt-Dedicated Fund

Algebra Ventures

Algebra Ventures, Egypt’s VC Firm Finalizes the First Close of its $100m Second Egypt-Dedicated Fund

Algebra Ventures, Egypt and MENA-focused venture capital firm has announced the first close of its $100 million second fund. This comes just months after the venture capitalist announced the launch of its $90 million second fund in April. It was the follow-up to its first fund, which invested $54 million

CardoO Receives $660K in Alex Angels-led Seed Round

Alexandria Angels

CardoO Receives $660K in Alex Angels-led Seed Round

CardoO, an IoT devices manufacturer has received a $660,000 in Alexandria Angels-led Seed funding round, with the participation of Sofico Investments, angel investors from Saudi Arabia, and the European Bank for Reconstruction and Development (EBRD). The Egypt-based IoT devices manufacturer plans to be the leading Arab brand that offers

B.TECH, Egypt’s Largest E-Commerce Platform, Sells 34% Stake to Saudi Egyptian Investment Company

B.TECH, Egypt’s Largest E-Commerce Platform, Sells 34% Stake to Saudi Egyptian Investment Company

B.TECH, Egypt’s omnichannel retailer and consumer finance platform, has sold 34% of its stake to the Saudi Egyptian Investment Company (SEIC), a subsidiary of the Saudi Public Investment Fund, in a $150 million deal as the Saudi Public Investment Fund looks to expand in Egypt. SEIC is acquiring

Klickit Partners with EFG Hermes Corp-Solutions to Offer Education Providers Financial Solutions across Egypt

Klickit Partners with EFG Hermes Corp-Solutions to Offer Education Providers Financial Solutions across Egypt

Klickit, Egypt’s payment management and digital collection platform for education fees, and EFG Hermes Corp-Solutions, EFG Hermes Holding’s subsidiary and leasing and factoring company, have today announced that they have entered into a strategic agreement to provide education service providers with financial solutions to drive the sector’s

Cryptyd Inc., Egypt’s Gaming Platform, Receives New Funding to Take its Flagship Product, Baloot Quest to the GCC

Cryptyd Inc., Egypt’s Gaming Platform, Receives New Funding to Take its Flagship Product, Baloot Quest to the GCC

Cryptyd Inc., an Egyptian-based gaming platform, has announced a new round of undisclosed funding from existing and new investors. The proceeds of the new round will be used to support marketing costs for the company’s flagship product, Baloot Quest, which targets the GCC markets. Baloot is a multiplayer synchronous

Kumulus, Tunisia’s Water Service Startup, Raises $969K Pre-Seed to Generate Solar-Powered Portable Water

Kumulus, Tunisia’s Water Service Startup, Raises $969K Pre-Seed to Generate Solar-Powered Portable Water

Kumulus Water, a Tunisian water service startup, announced a $969, 000 pre-seed funding round from Paris Techstars Accelerator, Flat6Labs, WILCO, and Bpifrance, as well as a number of business angels. In 2021, Mohamed Ali Abid and Iheb Triki founded the water service startup. Its flagship product is a machine that

Careem Partners with Khazna to Offer New Fintech Solutions to Captains

Careem Partners with Khazna to Offer New Fintech Solutions to Captains

Careem Egypt, the Middle East’s leading ride-hailing technology platform, has announced a partnership with Khazna, a financial Super App that provides simple, technology-driven financial services to Egypt’s underserved population. The agreement will provide Captains working on the Careem App in Egypt with access to all Khazna App services

Examining Africa's E-Commerce Sector

African e-commerce sector

Examining Africa's E-Commerce Sector

There has been an increase in e-commerce, (technology-mediated transactions) to improve the quality of life around the world in the last decade. While these were to be expected given the age of global digital transformation, the COVID-19 pandemic accelerated it. E-commerce, as a technology-mediated transaction, has become a powerful tool

Climate Resilience Fund Launches to Invest in AgriTech and ‘Nature-Positive’ Startups in MENA

Climate Resilience Fund

Climate Resilience Fund Launches to Invest in AgriTech and ‘Nature-Positive’ Startups in MENA

Climate Resilience Fund has been launched to support startups that offer sustainable agricultural and “nature-positive” climate solutions across the MENA region. The fund’s general partners are Hossam Allam in Cairo and Sherief Kesseba in Copenhagen. Hossam Allam, Climate Resilience Fund General Partner, commented on the launch, saying, “We have

Swvl Rolls Out 100% Electric On-Demand Transit in Belp, Switzerland

Swvl Rolls Out 100% Electric On-Demand Transit in Belp, Switzerland

SWVL, an Egypt-born provider of tech-enabled mass transit solutions, through its technology deployed by mybuxi is implementing a new On-Demand Transit service inside the city limits of Belp in Switzerland. The two companies’ activities in Switzerland have aided over 50,000 residents so far, while further establishing Swvl as the

Endeavor Catalyst Invests $1M in Moroccan E-Commerce Startup, Chari

Endeavor Catalyst Invests $1M in Moroccan E-Commerce Startup, Chari

Endeavor Catalyst, an investment fund, and subsidiary of the global Endeavor network has announced a $1 million investment in Chari, a Moroccan e-commerce one-stop shop. Confirming the investment from Endeavor Catalyst, which has been operating in Morocco since 2014, Ismael Belkhayat, founder and CEO of Chari, stated, “It is a

BMCE Capital Launches $4.5M Fund to Support Moroccan Tech Ecosystem

BMCE Capital Investment

BMCE Capital Launches $4.5M Fund to Support Moroccan Tech Ecosystem

BMCE Capital Investment, a subsidiary of the BMCE Capital Group, has announced the launch of its first venture capital fund worth $4.5 million (MAD 50 million) dedicated to financing Moroccan tech startups, as first reported by Morocco World News. The fund underscores BMCE Capital Group’s intention to assist

Egyptian Proptech Startup, Partment Secures $1.5 in a Pre-Seed Round to Scale

Egyptian Proptech Startup, Partment Secures $1.5 in a Pre-Seed Round to Scale

Partment, an Egyptian Proptech startup that provides co-owned second homes, has raised $1.5 million in a pre-seed round of funding. The round was led by Nclude, a Fintech fund managed by Dubai-based venture capital firm Global Ventures and backed by three of Egypt’s largest national banks, and Abu

Contact and Trella Join Forces to Disrupt the Mobility Market and Support Trella’s Regional Expansion

Contact and Trella Join Forces to Disrupt the Mobility Market and Support Trella’s Regional Expansion

Contact Financial Holding, Egypt’s leading non-banking financial services company has announced a partnership agreement with Trella, a B2B tech platform and trucking marketplace, via its four subsidiaries Contact Factoring, Contact Leasing, Contact Credit, and Contact Creditech. Each agreement provides a customized service to Trella’s working capital requirements, carrier

WhatsApp to Introduce One-click Links to Join a Call, Upgrades Group Call to 32-person

WhatsApp to Introduce One-click Links to Join a Call, Upgrades Group Call to 32-person

Whats-App, the instant messaging and calling service app, is introducing a new feature that allows users to share a direct link to a call, making it easier to stay in touch with family and friends. The Call Links feature will be available on WhatsApp this week, accessible via a banner

Tabby and Paymob Partner to Offer BNPL to Egyptian Retailers

Tabby and Paymob Partner to Offer BNPL to Egyptian Retailers

Paymob, the leading omnichannel payments facilitator in MENAP, and Tabby, the Middle East’s leading payments and shopping app, have announced a partnership to fuel growth for Egyptian retailers by allowing businesses across Paymob’s network to benefit from Tabby’s split-in-four, interest-free payment solution via Paymob’s gateway. Tabby’

Mazaya, Egypt's E-Commerce Startup Receives $5M in Pre-Seed Funding Round to Expand

Mazaya, Egypt's E-Commerce Startup Receives $5M in Pre-Seed Funding Round to Expand

Mazaya, an Egyptian foremost B2B e-commerce marketplace focused on electronics appliances, has secured $5 million in Raya Trade & Distribution, a subsidiary of Raya Holding for Financial Investments-led pre-seed to scale its operations in Egypt and expand into new markets and verticals. The e-commerce startup enables retailers and merchants of

Playfair Capital and Global Ventures Launch “Female Founder Office Hours” across MENA

Female Founder Office Hours

Playfair Capital and Global Ventures Launch “Female Founder Office Hours” across MENA

Playfair Capital, a London-based early-stage fund, and Global Ventures, an international venture capital firm, have announced the launch of ‘Female Founder Office Hours’ across MENA, with 150 of the world’s leading venture capital funds, including Atomico, Balderton, Creandum, EQT Ventures, Firstminute, Localglobe, Northzone, Notion, and Seedcamp, hosting virtual mentoring

Abu Dhabi Commercial Bank Partners Egypt’s Sympl to offer BNPL solutions to Debit Card Holders

Abu Dhabi Commercial Bank

Abu Dhabi Commercial Bank Partners Egypt’s Sympl to offer BNPL solutions to Debit Card Holders

Abu Dhabi Commercial Bank has announced a partnership with Sympl, Egypt’s foremost “Save Your Money Pay Later” platform, to provide buy now and pay later (BNPL) services to the bank’s debit card holders at a 10% discount on their purchases. Debit card users can now split payments on

Ingame Sports, Egypt’s Gaming Startup, Secures $1M in a Pre-seed Round

Ingame Sports, Egypt’s Gaming Startup, Secures $1M in a Pre-seed Round

InGame Sports, an Egypt-based gaming and sports-tech startup announced that it has secured over $1 million in cash, in-kind resources, and grants in a pre-seed round led by Openner, a global VC that invests in early-stage tech startups with a unique combination of capital and technology. Multiple international sports names,

Egypt’s ZealPay, Launches Dara's Ice Cream App

Egypt’s ZealPay, Launches Dara's Ice Cream App

ZealPay, a London-born, Cairo-based tech startup, has launched Dara’s Ice Cream app to customize rewards and seamless payment experiences for customers using world-class data and analytics to drive higher customer loyalty as well as increase brand loyalty and revenues for Dara’s Ice Cream. Dara’s Ice Cream intends

TikTok is Rolling Out Comment Dislike Button to Users worldwide

TikTok is Rolling Out Comment Dislike Button to Users worldwide

TikTok announced today that its comment dislike button is now available to all users worldwide. The dislike button was first tested by the short-form video app in April as a way for users to identify comments they believe are irrelevant or inappropriate. If you dislike a comment, the dislike is

YouScribe, an African-Focused E-Library, Records over a Million Subscribers across the Continent

YouScribe, an African-Focused E-Library, Records over a Million Subscribers across the Continent

YouScribe, a Paris-based digital library that offers a seamless reading experience to its users in France and over 11 African countries, has announced that it has reached a million subscribers across Africa. Juan Pirlot de Corbion, YouScribe’s founder and President said “Gaining a million subscribers so quickly in Africa

Instagram Confirms Partial Outage for some Users

Instagram is Down

Instagram Confirms Partial Outage for some Users

Instagram is currently experiencing a partial outage and some of its users are unable to access the social networking site. A spokesperson for the company confirmed the development to the media in an email that the company is aware of the issue, and it is currently working to fix the