Egypt Egypt’s Khazna raises $38 million Series A round Egypt-based fintech Khazna, has raised a Series A round of $38 million in equity and debt, with the equity investment led by Quona... News • 31 March, 2022 Khazna Quona Capital Khawarizmi
Egypt Egyptian fintech PayMint raises Seed round Egypt-based fintech PayMint has raised a seven-figure Seed investment from AUR Fintech. Launched in 2019 by Mohamed Yahya and Mohamed... News • 30 March, 2022 PayMint Fintech
Egypt Egypt’s ON Market raises $215,000 pre-Seed round Egypt-based e-grocery marketplace ON Market has raised a $215,000 pre-Seed funding round from regional angel investors led by Yasser... News • 30 March, 2022 ON Market e-grocery
Egypt Market research startup Intella raises $1 million Seed round Egypt-based platform as a service (PaaS) startup Intella, has raised a $1 million Seed round, led by Hala Ventures, with participation... News • 30 March, 2022 Intella
Egypt Rabbit to invest $60 million in Saudi Arabia Egypt-based quick commerce (q-commerce) startup Rabbit, has announced it is planning to invest $60 million in Saudi Arabia over the next... News • 30 March, 2022 Rabbit q-commerce
Egypt Egypt launches $109 million Avans Manara fund of funds Egyptian banks and institutions have partnered to launch the “Avans Manara” fund, with total targeted investments amounting... News • 29 March, 2022 Avans Manara smes
Egypt Robo-advisory startup Xpovi raises $300,000 pre-Seed round Egypt-based robo-advisory startup Xpovi, has launched after raising a $300,000 pre-Seed round led by a group of angel... News • 29 March, 2022 Xpovi
Egypt Otida raises $340,000 for its diabetes management app Egypt-based healthtech startup Otida, has raised $340,000 in a pre-Seed round led by Lofty Inc, a US-based VC, with participation... News • 28 March, 2022 Otida
Egypt Former CEO of Ebates invests in WaffarX, joins board Former CEO of e-commerce and cashback platform Ebates Kevin Johnson, has invested and joined the board of Egypt-based fintech WaffarX as... News • 28 March, 2022 WaffarX
Egypt Fantasy football platform Eksab raises $3 million Seed round Egypt-based daily fantasy football platform, Eksab, has secured a $3 million Seed funding round, led by 4DX Ventures with participation... News • 28 March, 2022 Eksab Fantasy Football
Egypt Egypt launches digital payments system InstaPay The Central Bank of Egypt (CBE) has applied an open banking system by launching the InstaPay application, a national system for instant... News • 27 March, 2022 InstaPay Open banking
Egypt Sequence Ventures to invest in 10 startups through $8 million Deep-Tech fund Egypt-based VC Sequence Ventures, is planning to invest $8 million (EGP150 million) in 10 tech companies this year via its Egypt... News • 24 March, 2022 Sequence Ventures Deep-Tech Fund
Egypt Do cloud kitchens stand a chance in Egypt? The meteoric rise of cloud kitchens in the UAE is beginning to permeate through to other parts of the Middle East. Across the region, new... Dunya Hassanein • 21 March, 2022 cloud kitchen Cloud kitchens
Egypt Three Egyptian banks launch $85 million MEA-focused fintech fund Three major Egyptian banks have launched a fintech fund in partnership with Global Ventures. Banque Misr, National Bank of Egypt, and... News • 20 March, 2022 Khazna Nclude Mozare3
Egypt Lucky raises $25 million to grow its rewards app Egypt-based fintech app Lucky, has raised $25 million in a Series A round led by the recently-launched fintech VC fund Nclude, with... News • 20 March, 2022 Lucky app
Egypt LooliaCloset, SohatiCare expand to Egypt Lebanon-based beauty e-commerce marketplaces SohatiCare and LooliaCloset announced the expansion of their services to the Egyptian... News • 17 March, 2022 LooliaCloset SohatiCare
Egypt Fitness app Welnes raises $300,000 Seed round Egypt-based fitness app Welnes, has closed a $300,000 Seed round led by Flat6labs with participation from Samurai Incubate, UI... News • 16 March, 2022 Welness fitness Flat6Labs
Egypt IFC invests $5 million in Egypt’s Disruptech fund The International Finance Corporation (IFC), a member of the World Bank Group, has pledged a $5 million investment in Disruptech... News • 16 March, 2022 ifc Disruptech Fintech
Egypt Astute acquires Egypt's DilenyTech Astute, a US-based imaging-guided therapy provider has acquired Egypt-based healthtech startup and AI-powered screening provider... News • 16 March, 2022 DilenyTech
Egypt Bosta expands to KSA after raising pre-Series B round Egypt-based e-commerce delivery solutions provider Bosta, has announced its expansion to Saudi Arabia after completing an undisclosed... News • 13 March, 2022 Bosta
Egypt Egypt’s Nexta secures $2.2 million pre-Seed round Egypt-based fintech Nexta has raised a $2.2 million pre-Seed funding round, led by Disruptech with participation from some international... News • 10 March, 2022 Nexta Fintech Disruptech
Egypt Shatablee raises $1.2 million for its interior design platform Shatablee, an Egypt-based interior design and home renovation startup, has raised $1.2 million to accelerate its expansion in its home... News • 09 March, 2022 Shatablee
Egypt Egypt’s Naqla raises $10.5 million pre-Series A Egypt-based logistics platform Naqla, has raised $10.5 million in a pre-Series A round led by El Sewedy Capital Holding (SCH), Hassan... News • 07 March, 2022 Naqla freight
Egypt Chefaa secures undisclosed venture round Egypt-based healthtech Chefaa has raised an undisclosed venture round from Newtown Partners and Global Brain as well as GMS Capital... News • 06 March, 2022 Newtown Partners Chefaa Global Brain