Egypt

5 Out of 7 Tech Unicorns in Africa Come From Fintech

Africa is seeing a rush of funding for its fintech sector, and some companies have already emerged as the continent’s biggest fintech bets, becoming unicorns in Africa. African fintech companies have raised more in the first seven months than they

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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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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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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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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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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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EFG Hermes Announces Partnership With Lulu Group International In Egypt

EFG Hermes, a financial services corporation in frontier emerging markets (FEM), announced the launch of a new partnership between its NBFI subsidiaries valU for consumer finance and PayTabs Egypt with LuLu Group International in Egypt, a Middle East hypermarket and

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