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Egypt

A collection of 18 posts

Byld Ventures raises $15 million fund to back fintechs in Africa

Byld Ventures raises $15 million fund to back fintechs in Africa

Early-stage investment firm, Byld Ventures has announced its new close of $15 million fund launched in May 2022 to support fintechs in Africa. This comes after the fund reached its first close in June and its second close at $10 million in August. The fund is backed by the Dubai

Capiter Founders Calls Sacked "Fake Propaganda" as the E-Commerce Website Remains Shut

Capiter Founders Calls Sacked "Fake Propaganda" as the E-Commerce Website Remains Shut

Capiter, an Egyptian e-commerce startup specializing in retail and FMCG, has dominated discussion since the board recently fired its founders for “inability to fulfill their fiduciary duties over the past week and not reporting to representatives of the Board and shareholders during on-site in-person due diligence meetings for a potential

British International Investment, to Inject $100M into the Egyptian Startups Ecosystem

British International Investment

British International Investment, to Inject $100M into the Egyptian Startups Ecosystem

British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has announced plans to invest $100 million in Egyptian startups throughout its current strategy. The DFI, formerly known as CDC Group, also reaffirmed its commitment to strengthening its partnership with Egypt and increasing climate finance to

North African Tech Startup Funding and Egyptian Startups' Notable Moves in August

North African Tech Startup Funding and Egyptian Startups' Notable Moves in August

The apparent low in Tech funding in the North African Region in August, where all the nine startups that announced funding came from Egypt, unlike the previous month where three out of the seven startups that received funding were Egyptian, two from Morocco, while Sudan and Tunisia had one each

Lucky, Egypt's Fintech Super App, Partners with On-Demand Digital Warehousing and Fulfillment Platform, Khazenly

Lucky, Egypt's Fintech Super App, Partners with On-Demand Digital Warehousing and Fulfillment Platform, Khazenly

Lucky, a leading fintech super app for credit products, offers, and cashback rewards in Africa and the Middle East region has announced a partnership agreement with Khazenly, an on-demand digital warehousing and fulfillment management platform that offers an omnichannel solution to help merchants digitize their businesses. This agreement follows Khazenly’

Egypt’s Insurtech Startup, Estafsar Launches Online Platform

Egypt’s Insurtech Startup, Estafsar Launches Online Platform

Estafsar, an Egyptian insurtech startup that provides an online insurance directory that connects clients with the best insurance companies and brokers in Egypt, has today launched its online platform using digital tools. The goal is to integrate all stakeholders in Egypt’s insurance industry into a single digital network to

Arab Financial Services Expands its Digital Payments Solutions into the Egyptian Market

Arab Financial Services

Arab Financial Services Expands its Digital Payments Solutions into the Egyptian Market

Arab Financial Services (AFS), a leading digital payment solutions provider and fintech enabler in the MENA region, has announced plans to expand its payments footprint in Egypt by opening a branch in the North African economic powerhouse. AFS Egypt will provide the country’s businesses and financial institutions with the

Egypt's End-to-End SaaS Real Estate Payments Platform, Boyot Gets Undisclosed Pre-Seed to Expand

Egypt's End-to-End SaaS Real Estate Payments Platform, Boyot Gets Undisclosed Pre-Seed to Expand

Boyot, an Egyptian startup, has raised a six-figure pre-seed round from a Kuwait-based real estate firm. Boyot provides an end-to-end operating system for payment and financial services focused on the real estate market. This funding will help the startup expand its operations to Kuwait and grow its team. In 2020,

Egyptian logistics startup, Naqla, raises $10.5M in Pre-Series A Funding, to expand into other sectors

Egyptian logistics startup, Naqla, raises $10.5M in Pre-Series A Funding, to expand into other sectors

Egyptian logistics startup Naqla has raised $10.5 million in a pre-series A funding round to expand into other sectors. The round was led by prime investors El Sewedy Capital Holding (SCH), Hassan Allam Holding (HAH), and the Sallam Family. Co-founded in 2017 by Sherif Taher, Naqla is transforming the

Egyptian logistics startup, OneOrder secures $1M funding from A15

Egyptian logistics startup, OneOrder secures $1M funding from A15

Egypt-based logistics startup, OneOrder, has successfully raised $1 million in a fundraising round to resolve supply chain inefficiencies for restaurants in Egypt. VC firm A15 led the fundraising round. OneOrder is a tech-enabled supplier and wholesale distributor platform covering the supply chain and distribution for HORECA, i.e., hotels, restaurants,

Fawry partners other tech founders to establish ‘Roaderz’, a last mile delivery for SMEs

Fawry partners other tech founders to establish ‘Roaderz’, a last mile delivery for SMEs

Leading Egyptian e-payment solution provider, Fawry, has announced that it has signed an agreement with Samer Gharaibeh, Softec Technologies, and Ammar Zawaideh to co-found Roaderz, a tech-enabled crowdsourcing platform to connect individual couriers and small delivery operations with e-commerce merchants and social sellers. Roaderz, through AI, would allow merchants to

Opay wins the best Point-Of-Sale Payment Service Provider Award from The Global Economics institution

Opay wins the best Point-Of-Sale Payment Service Provider Award from The Global Economics institution

Frontier fintech platform Opay, recognized as a mobile payment and collection service platform for Egypt and Africa, has won the ‘Best New Point-Of-Sale Payment Service Provider’ award from ‘The Global Economics’ institution. Mr. Mahmoud Khedr received the award, the company’s Director of Business Development and Strategic Partnerships, at the

Egyptian unicorn, Fawry, announces plan to raise $50 million, explores US listing

Egyptian unicorn, Fawry, announces plan to raise $50 million, explores US listing

Egyptian fintech giant, Fawry, has announced Thursday its plan to raise EGP 800 million (~$50.9 million) in growth capital through a rights issue to existing shareholders. In a statement, the company said the proceeds will be used to finance its growth in financial services for both consumers and merchants.

Egyptian fintech startup, KIWE, has received funding to help it expand

Egyptian fintech startup, KIWE, has received funding to help it expand

Egyptian fintech startup KIWE has raised its first round of funding, led by dfin Holding with participation from EFG Hermes, Marakez for Development, and a group of angel investors. The investment will be used to drive the startup’s growth by utilizing the offerings of its investors. Founded in March

Klickit closes seed funding round led by EFG Finance, DFin’s Camel Ventures

Klickit closes seed funding round led by EFG Finance, DFin’s Camel Ventures

Egyptian fees management and digital collection platform, KlickIt, has announced the closing of their first investment round with commitments from EFG Finance and the venture capital arm of DFin Holding, Camel Ventures. The main purpose of the investment is to build and enhance KlickIt’s tech stack and to build

Egyptian logistics startup, Bosta announce expansion plans to SA, UAE in 2022.

Egyptian logistics startup, Bosta announce expansion plans to SA, UAE in 2022.

Egypt-based logistics and last-mile delivery startup, Bosta, has announced plans to launch its presence in South Africa and the United Arab Emirates (UAE) in 2022. This expansion is coming on the heels of a $6.7 million Series A funding round led by Silicon Badia with other participating local and