Wamda

Egypt

Mohamed El-Sewedy acquires Magma via Averroes Ventures

Egypt-based Magma, a manufacturer of sportswear, has been fully acquired by its incumbent CEO Mohamed El-Sewedy via venture capital firm...

Magma

Egypt

Stllr Network raises six-figure investment round

Egypt-based Stllr Network has closed a six-figure investment from 500 Global and angel investors through Women Spark and Falak...

Stllr Network Falak Angels 500 Global

Egypt

Fuelin: enabling fleet managers in Egypt to cut fuel costs

Increased digitisation in Egypt and the rise in smartphone adoption has pushed the demand for transportation services, whether this relates...

Logistics Last mile Fuelin

Egypt

MNT-Halan closes $150 million securitised bond issuance

Tasaheel, a wholly-owned subsidiary of Egypt-based fintech superapp MNT-Halan, has closed a securitised bond issuance of $150 million,...

Halan Tasaheel

Egypt

MNT-Halan acquires Talabeyah for undisclosed amount

Egypt-based fintech MNT-Halan has acquired B2B e-commerce platform Talabeyah for an undisclosed amount. Founded in 2017 by Mounir...

MNT-Halan Talabeyah FMCG

Egypt

AI startup Synapse Analytics raises $2 million pre-Series A round

Egypt-based AI tech startup Synapse Analytics, has raised $2 million in a pre-Series A funding round led by Egypt Ventures, with...

Synapse Analytics Egypt Ventures AI

Egypt

Disruptech secures funding from AXIAN Group

Egypt-based Disruptech, a fintech-focused VC fund, has secured funding from Madagascar-based AXIAN Group. The deal will enable...

Disruptech

Egypt

Saudi’s T2 signs investment agreements with Fawry, Khazna, Khwarizmi Ventures

Saudi Arabia-based Business Research and Development Company (T2) signed an investment and partnership agreement with Egypt’s...

Mohammed Bin Salman Khazna fawry

Egypt

valU sells minority stake to Alhokair family

Egypt-based fintech valU has sold a minority stake of 4.99 per cent to members of Saudi Arabia’s Alhokair family for $12.4...

valu Alhokair EFG Hermes

Egypt

EFG Hermes' Tanmeyah acquires B2B marketplace Fatura

Egypt-based Tanmeyah for Microfinance Services, a subsidiary of EFG Hermes Holding, has acquired Fatura, a provider of B2B e-commerce...

Fatura

Egypt

Egypt's Boyot raises fresh funding to digitise real estate payments

Egypt-based Boyot has raised a pre-Seed round from a Kuwait-based real estate firm. Founded in 2020 by Mahmoud El Sabongy (CEO) and...

Boyot

Egypt

Egypt’s Khazenly raises $2.5 million Seed round

Egypt-based logistics platform Khazenly, has fundraised a $2.5 million Seed round, co-led by Arzan Venture Capital and Shorooq Partners,...

Khazenly Arzan Venture Capital Shorooq Partners

Egypt

Egyptian marketplace for toys Tasala shuts down due to import restrictions

The ongoing war in Ukraine and the ensuing economic fallout have sent shockwaves across the financial global markets amid rising...

E-ommerce inflation Tasala

Egypt

The Cairo Angels invests in Nigerian fintech CredPal

Egypt-based VC fund The Cairo Angels Syndicate Fund (CASF) has invested an unknown amount in the Nigerian fintech CredPal, which is...

CredPal Cairo Angles CASF

Egypt

Petcare provider Vetwork raises Bridge round

Egypt-based petcare platform Vetwork has raised a Bridge round from several investors from Saudi Arabia and members of the Alexandria...

Vetwork Alexandria Angel Network

Egypt

DXwand raises $1 million pre-Series A round

Egypt-based AI startup DXwand has closed a pre-Series A investment round of $1 million, led by Huashan Capital, US-based VC firm SOSV,...

DXwand AI Huashan Capital

Egypt

ADVA secures six-figure Seed round from Sawari Ventures

Egypt-based fintech ADVA has raised an undisclosed "six-digit figure" Seed round from Sawari Ventures. Founded in 2020 by...

ADVA

Egypt

Egypt’s Nice Deer raises $1 million pre-Seed round

Egypt-based insurtech Nice Deer has raised a $1 million pre-Seed funding round led by DisrupTech Ventures. Founded in early 2022 by...

Nice Deer Insurtech healthtech

Egypt

valU expands to Saudi market through partnership with Alhokair

Egypt-based fintech valU, has extended its services to Saudi Arabia through a partnership with FAS Labs, owned by Fawaz Abdulaziz...

valu BNPL Alhokair

Egypt

Egypt’s Appetito acquires Tunisia’s Lamma

Egypt-based q-commerce Appetito has acquired Tunisia’s Lamma to expand operations in Morocco, Tunisia and West Africa for an...

Appetito Lamma q-commerce

Egypt

Grubtech expands to Egypt

UAE-headquartered foodtech startup Grubtech, has announced its expansion to Egypt, planning to invest $5 million into operations over...

GrubTech

Egypt

Egypt’s CASF invests in South Africa’s Finclusion Group

Egypt-based micro VC fund The Cairo Angels Syndicate Fund (CASF) has invested an undisclosed amount in the South Africa-based fintech...

CASF Cairo Angels Syndicate Fund Fincusion Group

Egypt

Gooo Delivery raises pre-Seed round

Egypt-based on-demand delivery startup Gooo Delivery has closed a pre-Seed round. The amount raised was not disclosed. Founded in 2020...

Gooo Delivery Delivery

Egypt

Natrify raises pre-Seed round to develop biodegradable plastics

Egypt-based biotechnology startup Natrify, has raised a six-figure pre-Seed round from Ambo ventures, a recently launched,...

Natrify

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