Tagged: egypt

Fintech Firm Axis Launches Digital Payments Platform for Small Businesses

axis, a digital payments platform for small businesses, has launched its services, in partnership with Visa (NYSE: V). axis has obtained the license from the Central Bank of Egypt (CBE) “for its open-loop mobile wallet, offering a digital banking alternative for small businesses and their… Read More

Taly to Use BPC to Provide Digital Payments in Egypt

Taly has enlisted BPC’s SmartVista Platform to provide digital payment services to banks, Fintechs, and other clients in Egypt. Taly is a new Payment Service Provider based in Cairo. The provider is said to be the “first of its kind” in the region, offering digital… Read More

Egypt’s Macro Environment will Create $500 Million in New Investment Opportunities in Two Key Sectors

Currency devaluations and inflation erode investment returns, reducing a company’s valuation and the value of its total addressable market (TAM). However, several sectors have demonstrated resilience in such conditions and can actually generate substantial shareholder value in difficult economic times. A major example is Egypt… Read More

Etisalat by e& Egypt, Mastercard to Enhance Digital Experience, Commerce for Consumers in Egypt

Last week e& group and Mastercard (NYSE: MA) announced a region wide strategic partnership. Building on this strategic partnership, Etisalat by e& Egypt, a tech-telco operator, has partnered with Mastercard “to redefine digital experience and commerce for its e-wallet, Etisalat Cash, for customers across Egypt.”… Read More

MENA Region Fintech Paymob, Shahid to Expand VOD Digital Payments in Egypt

Paymob, the financial services enabler in the MENA region and Pakistan (MENAP) and Shahid, the Arabic streaming platform by MBC GROUP, announced their signing of a new partnership agreement. The partnership “enables Shahid customers in Egypt to pay for their subscriptions via electronic wallets processed… Read More

Egypt’s Fintech Ecosystem MNT-Halan Attracts $400M in Largest Funding in Egypt and Middle East in Past Year

MNT-Halan, Egypt’s “fastest growing” fintech ecosystem, announced that Chimera Abu Dhabi has invested more than $200 million in equity in exchange for over 20% of the company. In addition, the company claims it is “in advanced stages with leading international investors to raise $60 million… Read More

Egypt’s Digital Restaurant Supply Chain Startup, Suplyd, Raises $1.6M

Egypt’s digital restaurant supply chain startup Suplyd recently closes $1.6M funding round Suplyd, a startup that digitizes supply chain operations for the MENA region’s hotels, restaurants, and catering (HORECA) industries, announced their $1.6M pre-seed round funded “by Endure Capital, Seedstars, Camel Ventures, Falak Startups alongside… Read More

Fintech Galaxy Acquires Egypt’s Underlie as it Expands Open Finance Footprint

UAE-based Fintech Galaxy, the “first” Central Bank-regulated Open Finance platform in the Middle East, announced the acquisition of Underlie, an Egypt-based Open Banking platform offering APIs to banks and businesses. The deal will help “to set FTG’s Open Finance and Open Banking wheels in full… Read More

Fintech Blnk Secures $32M to Support Instant Consumer Credit in Egypt

Blnk, a fintech startup that enables instant consumer credit in Egypt, has “raised $23.7 million in equity and debt funding, and $8.3 million in securitized bond issuance to accelerate financial inclusion within underserved communities across the country.” The funds will support “further development of Blnk’s… Read More

Fintech Firm Money Fellows Raises $31M via Series B

Money Fellows, which claims to be one of the leading Egyptian fintech platforms, announces the first close of its Series B round “with a $31 million investment led by CommerzVentures, Middle East Venture Partners (MEVP), and Arzan Venture Capital.” Invenfin, National Investment Company (NIC) as… Read More

MENA Region’s Kenzz, a Digital Commerce Solution Provider, Raises $3.5M

Kenzz, the “mass” e-commerce solution bringing reliable online shopping to the mass market in Egypt and MENA, recently announced that it has completed a $3.5 million seed fund raise. The investment round was “led by Outliers Venture Capital – a venture capital fund backing early-stage… Read More

Middle East’s Tabby, a Payments and Shopping App, Teams Up with Paymob

Tabby, the Middle East’s payments and shopping app, and Paymob, the omni-channel payments facilitator in MENAP, announced their partnership “to fuel growth for retailers in Egypt by enabling businesses across Paymob’s network to benefit from Tabby’s split in four, interest and fee-free payment solution via… Read More

Central Bank of Egypt Selects Acumen.plus, the Treasury Platform for Compliance, Automation

Profile Software, which claims to be a leading financial solutions provider, has announced that the Central Bank of Egypt (CBE) has selected Acumen.plus, the internationally implemented Treasury Management System, “to effectively manage and streamline their operations whilst experiencing compliance and powerful reporting for reserve and… Read More

MENA’s BNPL Firm valU Acquires Fintech Paynas

valU, MENA’s Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced that it “acquired 100% of Paynas, a full-fledged employee management and benefits company that provides financial services to micro, small, and medium enterprises (MSME) in a signing ceremony attended by Dr. Rania A. Al-Mashat, Minister of… Read More

BNPL: Amazon Egypt Introduces valU’s Buy Now Pay Later Services in Egypt

As part of Amazon Egypt’s ongoing commitment to improve its shopping experience and offer clients in the country with flexible and affordable payment options, Amazon Egypt (amazon.eg) is offering installment plans via valU, the Buy-Now, Pay-Later (BNPL) lifestyle-enabling Fintech in MENA, a subsidiary of EFG… Read More

Fintech Fund in Egypt Receives Investment from AXIAN Group

The AXIAN Group recently revealed that it has joined Disruptech Egypt Fund I, which is a venture capital fund focused on supporting technology-enabled firms and Fintech startups in Egypt. Disruptech Egypt Fund I is a VC fund dedicated to further developing Egypt’s financial-technologies sector by… Read More

Egyptian Fintech Firm PayMint Finalizes Seed Round

PayMint, the Egypt-headquartered Fintech firm, has closed a seed funding round (of 7 figures) from AUR Fintech-which is a subsidiary of AUR Capital, in order to support PayMint’s business expansion plan in Fintech and SMEs’ financial inclusion in Egyptian markets. PayMint introduced its services back… Read More

Egypt based Fintech Lucky, a Provider of Credit Products, Secures $25M via Series A

Lucky, Egypt’s app for credit products, offers and cashback rewards, announced its completion of a $25 million funding round. The investment round, which is Egypt’s largest Fintech Series A round, has been led by Nclude by Global Ventures – the new Fintech fund announced by… Read More

Egypt’s Largest Banks Lead Investment in Fintech Fund

Egypt’s largest national banking institutions – Banque Misr, National Bank of Egypt, and Banque du Caire – and Global Ventures, an MEA-focused VC firm – announced the launch of Nclude by Global Ventures, “following approval by the Central Bank of Egypt (CBE).” This “unprecedented” step… Read More

Fintech Investments in Egypt Surged Over 300% in Past Year: Report

Ahmed Wadi, the Founder and CEO at MoneyFellows, a Cairo-based collaborative Group Lending and Savings Platform, says that he is amazed how the Fintech space evolved over the past couple years. Wadi added that he can’t wait to see homegrown Fintechs “proving to the world… Read More

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