Tag: Egypt

Egyptian FinTech platform MoneyFellows, which offers a mobile-based platform to digitise rotating savings and credit associations (ROSCAs), has closed its Series B funding round on $31m.

Egypt-based money management app Telda has reportedly raised $20m for its seed funding round, as it looks to revolutionise finance in MENAP.

Egyptian FinTech Paymob has raised $50m in a Series B funding round headed by Kora Capital, PayPal Ventures and Clay Point.

Egypt-based credit app Lucky has scored $25m in a Series A round, which it claims is the largest of its type raised by a FinTech in the country.

Egypt-based Hollydesk has collected $325,000 in pre-seed funding, which makes it the first FinTech in the country aimed at managing SME expenses and accounts to raise capital.

MNT-Halan, a banking platform based in Egypt, has collected $120m in a funding round to help its international growth.

Egypt-based Kashier Payments has reportedly closed a seed round led by Glint Ventures.

Egyptian digital payments company Paymob has secured $3.5m in its funding round, which was led by Global Ventures and Dutch Entrepreneurial Development Bank FMO.

Group lending app ElGameya has reportedly bagged six-figure pre-seed investment from an angel syndicate.

Egyptian FinTech Khazna has announced that it has raised seed money in a new round led by venture capital firm Algebra Ventures.