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Flutterwave Secures Payments Licenses in Egypt for North Africa Expansion

Nigerian payments company Flutterwave announced that it has received its Payment Services Provider and Payments Facilitator licenses in Egypt. This will enable Flutterwave to collect payments on behalf of its customers and settle payments locally and globally. The company will

Egypt

Egyptian Fintech MNT-Halan Gets Unicorn Badge With US$400 Million Raise

Egyptian fintech MNT-Halan announced that it has raised up to US$400 million in equity and debt financing, pushing its valuation to over US$1 billion. The funds came from Chimera Abu Dhabi which has invested more than US$200 million in equity

Egypt

Egypt’s New Financial Inclusion Strategy

The Central Bank of Egypt (CBE) has launched its Financial Inclusion Strategy 2022-2025, a national development plan focusing on expanding access to financial services, developing financial literacy and facilitating the introduction of innovative financial products that meet consumers as well

Egypt South Africa

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

Egypt

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

Egypt

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

Egypt

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

Egypt

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

Egypt

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

Egypt

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