Egypt

Vodacom, Alipay to Launch Financial Services App VodaPay in Egypt

South Africa’s Vodacom Group is planning to launch its Alipay-enabled financial services app VodaPay in Egypt, according to a Bloomberg interview with Vodacom’s CEO Shameel Joosub. The launch comes after the mobile communication company obtains the necessary approvals to acquire

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Blnk Raises US$32M Led by Abu Dhabi’s EIIC and Sawari Ventures

Egyptian consumer credit platform Blnk has raised US$23.7 million in equity and debt funding, and US$8.3 million in securitised bond issuance underwritten by National Bank of Egypt and Banque du Caire. The US$12.5 million equity round was led by Abu

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Egypt’s Paymob Raises US$50 Million in Series B Fundraise

Paymob, Egypt’s omni-channel merchant financial services platform, announced it has raised US$50 million in a Series B funding round led by Kora Capital, PayPal Ventures, and Clay Point. This Series B funding round brings Paymob’s total funding to over US$68.5

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Egypt Largest Fintech Round? Lucky Announces $25 Million Fund Raise

Lucky, Egypt’s leading app for credit products, offers and cashback rewards, announces its completion of a $25 million fund raise. The funding round, which claims to be Egypt’s largest Fintech Series A round so far, was led by Nclude by

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The 3 Largest National Egyptian Banks Launch $85 million Fintech MEA Fund

Egypt’s largest national banks – Banque Misr, National Bank of Egypt, and Banque du Caire – and Global Ventures, a leading MEA-focused venture capital firm – announce the launch of Nclude by Global Ventures, following approval by the Central Bank

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Egypt Among Top 4 Fintech Ecosystems in Africa

Over the past few years, Egypt’s fintech sector has grown at a rapid pace as the startup ecosystem thrives and investment surges. In its first industry report, Fintech Egypt, an initiative of the Central Bank of Egypt, delves into that

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Egyptian Digital Investment Platform Raises $20 Million

Thndr, the Egyptian digital investment platform, announced a new $20 million series A investment. The round was co-led by Tiger Global, BECO Capital and Prosus Ventures, in addition to participation from Base Capital, first-minute and existing investors Endure Capital, 4DX

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Arab Bank Wraps Up First Edition of Egypt Fintech Bootcamp

Arab Bank Egypt has concluded the first edition of its fintech bootcamp for Egyptian startups, with cash funding provided to three winning fintech startups. The one-week bootcamp took place between the 21st and the 25th of November this year, according

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6 Biggest African Fintech Hubs Take the Spotlight

African fintech hubs have grown rapidly in the past few years, leading to pockets of fintech development across the continent. According to Findexable’s Global Fintech Rankings Report, 14 of the top Middle East and African fintech hubs came from the

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These Are the 8 Top Funded Fintech Startups in Egypt

Financial inclusion is on the developmental agenda in Egypt, and fintech startups in Egypt are one of the key driving forces to achieve this kind of adoption. Digital payments is expected to be the most benefited vertical within the fintech

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