Startupbootcamp alongside Pride Capital announced its maiden venture into Egypt with its accelerator programme ” Startupbootcamp-Pride Fintech Cairo”. The accelerator programme roped in big partnerships with the likes of IFC, VISA , Alexbank Pharos Capital and many more. Ranked by Forbes as one of the top ten 10 accelerators in the world, Startupbootcamp is a famed accelerator which counts over 22 programmes across the global — many of which are fintech focused. Fintechs participating in the programme can expect to gain access to mentors, an office in the heart of Cairo anda three-month Proof-of-Concept phase to scale their products in…

PayFort, an Amazon company, has announced that merchants using its online payment gateway will now be able to accept payments from Egypt’s new national card, ‘meeza’, following the announcement of the Central Bank of Egypt (CBE) for the national payment scheme. The meeza card is a key financial inclusion initiative from the Egyptian government, as it pushes towards a cashless society, preparing the way for further growth in online payments. The card will allow citizens to receive and make payments electronically and pay their bills via ATMs and at government departments. Debit cards are often not enabled for ecommerce use…

The Venture lab at The American University in Cairo, and university-based startup accelerator in Africa and the MENA region, Temenos, banking software company, and CIB, Egypt’s largest private sector bank, have come together to announce a collaboration to strengthen the fintech ecosystem in Cairo. Building on their individual partnerships, the three organizations welcome the joint venture which will include activities such as creating awareness of opportunities surrounding Fintech in Egypt, encouraging entrepreneurs to start new Fintech enterprises, and supporting Fintech startups as they develop, pilot and launch their products and services. This alliance was cemented at a joint “Meet the…

Finastra announced that National Bank of Egypt (UK) Limited is deploying Fusion Treasury and Fusion Risk. The treasury and risk solutions will be tightly integrated with the bank’s existing Fusion Equation core banking system – helping the bank to deliver a more comprehensive and superior service. James Pinnington, Head of Capital Markets & Investment Management, Northern Europe, Finastra said, “Banks recognize that clients today want more joined-up finance, risk, payment and working capital services and expect fast, transparent, 24/7 access to these services. A joined-up approach that fully integrates the treasury, risk management and regulatory functions at the heart…

The Venture lab at The American University in Cairo, an university-based startup accelerator in Africa and the MENA region, and Temenos, the Swiss banking software company, have announced their intention to collaborate and strengthen the fintech ecosystem in Cairo. Temenos will support financial innovation in Egypt by providing startups with access to the world’s number one core banking solution to be used as their development environment. Sandbox Service A key aspect of the collaboration will see Temenos provide a sandbox service to the startups utilizing the accelerator. This sandbox, a non-production cloud-based version of the best-selling Temenos T24 core banking system,…