Egypt
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News
Egypt’s Blnk Raises $37m to Deepen Point of Sale Credit for Consumers
Egyptian fintech Blnk has closed a combined $37.1 million in funding, comprising a $12.5 million Series A equity round and $24.6…
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News
Network International’s digital payment solution to power new Money Fellows offering in Egypt
Network International, a leading enabler of digital commerce in the Middle East and Africa has partnered with Money Fellows, the…
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BUSINESS
Network International partners with Souhoola to boost BNPL in Egypt
Network International has partnered with leading fintech provider Souhoola to boost Buy-Now-Pay-Later’ (BNPL) payments in Egypt. The partnership, announced on Thursday will…
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News
Fintech firm Cellulant Granted Payment Licenses to Operate in Egypt
Cellulant has today announced that it has received approval from Egypt to operate as a Payment Service Provider and Payment…
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News
Telecom Egypt unveils WeConnect subsea cable interconnectivity platform
Egypt’s telecom operator Telecom Egypt has launched WeConnect ecosystem, providing agile access to the country’s extensive subsea cable infrastructure. The…
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News
Egypt-based VC DisrupTech Raises $5 Million Investment From Proparco
Proparco, a subsidiary of the AFD Group focusing on private sector development, has announced an investment in an early-stage venture…
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News
Nigeria’s Autochek Acquires Majority Stake in Egypt’s Car-Buying Platform AutoTager
Nigerian automotive technology company Autochek has acquired a majority stake in AutoTager, an Egyptian automotive technology company that makes it…
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News
Flutterwave obtains license to operate in Egypt
Flutterwave, the Nigerian fintech company has obtained licenses to operate in Egypt as a payment service provider. This allows the…
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News
Egyptian fintech MNT-Halan is Africa’s newest Unicorn after raising $400M
Egyptian fintech startup MNT-Halan has become Africa’s newest unicorn after raising $400 million in debt and equity funding, raising its…
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News
Payments firm enza group launches to serve African banks and fintechs
enza Group: Africa has a very vibrant fintech and payments ecosystem. This space is expected to grow exponentially over the coming…
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News
Egyptian supply chain solutions provider OneOrder has raised $3 million
Egyptian supply chain solutions company OneOrder has raised $3 million in seed round funding led by Nclude, with participation from…
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News
Egyptian B2B marketplace SPEED acquired by UAE-based firm X-ERA
UAE-based logistics services provider X-ERA has acquired Egypt’s B2B marketplace SPEED, as part of its international expansion strategy. SPEED connects suppliers…
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News
African tech startups have so far raised $2.7bn in funding this year, report
A report by pan-African tech publication Disrupt Africa has revealed that African tech startups raised $2.7bn in funding in the…
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News
Digitization is helping ordinary shops compete against big stores, report
A report released by fintech investor firm Flourish Ventures has revealed that corner shops are doing better than predicted despite…
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News
Rosatom, Korea Hydro and Nuclear Power Sign Сontract for Joint Work at El-Dabaa NPP in Egypt
Rosatom engineering division (Atomstroyexport JSC) and Korea Hydro and Nuclear Power Co. Ltd. (KHNP) have concluded a contract for the…
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Startups
Egyptian fashion e-commerce startup The Fashion Kingdom has raised $2.6 Million in seed funding
Egyptian Fashion and accessories startup The Fashion Kingdom (TFK) has raised $2.6 in seed funding round. The company was founded…
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News
Construction of Egypt’s first nuclear power plant begins
Construction for the El-Dabaa Nuclear Power Plant has begun in Egypt. This is the first nuclear power plant in the…
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Startups
Egyptian Fintech Paymob raises $50M in Series B funding
The continued attention on African fintech startups is attracting unprecedented attention and investments from high-ranking venture capitalists. The latest such…
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Startups
Egyptian e-sport startup Eksab raises $3M to scale its fantasy football platform
Cairo-headquartered e-sport startup Eksab has raised $3M Seed funding round, bringing the company’s total investment to date to $3.7M. The…
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News
European Bank invests $10M in Egypt’s bus-hailing company Swvl
The European Bank for Reconstruction and Development (EBRD) has announced a $10 million investment in Egypt’s on-demand bus-hailing company Swvl.…
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Startups
Egyptian digital investment startup Thndr raises $20m to democratize investing in the MENA region
Thndr, the Egyptian digital investment platform has announced a new $20 million series A investment round. The funding was co-led…
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Startups
Egyptian fintech startups called to apply for Orange Ventures seed challenge
Orange Ventures has opened applications for its Seed Challenge that will see the VC form award one fintech startup from…
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News
SA Online home services platform, SweepSouth acquires Egyptian start-up, Filkhedma
South Africa’s online home services platform, SweepSouth has announced its acquisition of Egyptian startup, Filkhedma as it continues its African…
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Startups
Egyptian fintech startup KlickIt raises undisclosed amoung of funding
Egyptian fees management and digital collection platform, KlickIt, has announced the closing of its first investment round to further develop…
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News
Chinese ride-hailing firm DiDi Chuxing expands to Egypt
After launching in South Africa in March this year, Chinese ride-hailing firm DiDi Chuxing has now launched its operations in Egypt. …
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News
Arab Bank launches its fintech accelerator program for startups in Egypt
Arab Bank has launched its fintech-focused corporate accelerator program “AB Accelerator” in Egypt, following its successful launch in Jordan back…
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News
Egypt’s social e-commerce startup Taager raises US$6.4 million seed round
Taager, an Egyptian social e-commerce startup, has raised a US$6.4 million seed funding round to help it scale its platform…
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News
Banque Misr partners with Microsoft to support fintech startups in Egypt
Banque Misr has signed a Memorandum of Understanding (MoU), with Microsoft Egypt to launch the first open innovation program in…
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News
Inertia, PayTabs Egypt and valU partner to provide e-payment solutions for home improvement financing
Inertia and EFG Hermes’ NBFI subsidiaries – PayTabs Egypt and valU, the buy-now-pay-later platform (BNPL), announced they have entered into…
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News
DFS Lab Announces Fintech and Digital Economy Design Sprint for startups in Egypt
Early-stage investor DFS Lab has announced that it will facilitate a virtual design sprint in March 2021 for fintech startups…
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News
Egypt’s Fintech startup Cassbana raises $1m pre-seed funding from Disruptech Ventures
Egypt-based fintech startup Cassbana has raised $1 million in a pre-seed funding round led by Egyptian fintech-focused venture capitalist fund Disruptech…
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BUSINESS
Egypt’s Largest Private Lender Acquires 51% Stake in Kenya’s Mayfair Bank
Egypt’s Commercial International Bank (CIB) is acquiring a 51 percent of the shareholding of Kenya’s Mayfair Bank Limited (MBL). Commercial…
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Startups
Egyptian E-health startup Vezeeta raises $40m Series D funding round led Gulf Capital
Egyptian e-health startup Vezeeta has raised a US$40 million Series D funding led by UAE-based Gulf Capital, alongside further investment…
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Startups
Egyptian food delivery startup Elmenus raises $8m series B funding
Egyptian food delivery startup elmenus has raised $8 million Series B funding round. The round was co-led by Global Ventures,…
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Startups
Egypt’s fintech startup XPay raises $250,000 in pre-seed funding
Egyptian fintech startup XPay has secured $250,000 in pre-seed funding from two angel investors. XPay is part of the cohort…
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Startups
World Bank allocates US$200 Million to support SMEs in Egypt
The World Bank has approved the allocation of $200 million to support SMEs in Egypt. The fund will focus on…
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News
Egyptian Tech Firms Expand Footprint in Africa, to sign Business Deals Worth USD 7 Million
As a part of the country’s efforts to increase IT exports and achieve ambitious economic goals, Egypt’s Information Technology Industry…
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