Wamda

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

Newtown Partners Chefaa Global Brain

Egypt

Mum-focused e-commerce platform Mumerz raises $1.2 million

Egypt-based e-commerce platform offering products for mothers, soon-to-be mothers and children Mumerz, has raised $1.2 million in a...

E-commerce Mumerz

Egypt

Circyls raises $1.3 million via Scopeer

Saudi Arabia-based fintech Circyls has raised SAR 5 million ($1.3 million) via crowdfunding platform Scopeer. With the fresh...

ROSCA

Egypt

Egypt’s Homzmart acquires German technology company MockUp Studio

Egypt-based online furniture marketplace Homzmart, has announced the acquisition of German technology company MockUp Studio for an...

Homzmart MockUp Studio

Egypt

Saudi Arabia’s Sary acquires Egypt’s Mowarrid

Saudi Arabia-based B2B e-commerce platform Sary has acquired Mowarrid, an Egypt-based B2B marketplace, for an undisclosed...

SARY Mowarrid E-commerce

Egypt

Kouncel raises $1.2 million in pre-Seed funding

Egypt-based legal edtech Kouncel has raised $1.2 million a pre-Seed round led by Zaldi Capital for investment, the African Development...

Kouncel Zaldi Capital

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