This investment was made through the EdTech Venture Studio (EDVS) program. Cairo, Egypt: EdVentures, the corporate venture capital arm of Nahdet Misr Group and the region’s leading Edtech focused CVC, has announced a strategic investment in LRNOVA, a cutting-edge startup harnessing the power of artificial intelligence to transform how educational content is created. This investment was […]
The First-of-its-Kind Across Egypt, the Middle East, and Africa Addressing the Water-Energy-Food Nexus. Cairo, Egypt: CI Capital PE for Fund Management and Investment (CIPE), a subsidiary of CI Capital Holding (CICH.CA), Egypt’s leading diversified financial services group, and engazaat | the Solar Water Company signed a partnership agreement, to launch the region’s first green infrastructure fund […]
Cairo – The Central Bank of Egypt (CBE) has announced plans to launch card tokenization services on mobile applications running on Android devices, expanding the country’s digital payments infrastructure. The move follows the earlier rollout of the service on Apple Pay, which marked the first phase of Egypt’s card tokenization initiative. According to the CBE, […]
Egypt – The value of transactions conducted through mobile wallets in Egypt reached EGP 943.4bn during the second quarter (Q2) of 2025, according to the National Telecom Regulatory Authority (NTRA). The div reflects a 72% increase compared to EGP 548.6bn in the same quarter of 2024. The number of financial transactions executed through mobile wallets […]
Egypt’s banking sector is accelerating digitization, and credit is a central part of that plan. AdalFi’s updated numbers show why institutions are adopting AI-based underwriting. The company’s partners have crossed $200M in lending with defaults steady at 0.2%. Its AI engine has processed 1.2B+ transactions, evaluated over 30M borrowers and keeps improving from 50K+ monthly […]
AdalFi has added two senior leaders to support rapid regional growth and responsible lending. Ian Read becomes Head of Credit Excellence and Emre Unlusoy joins as Head of Sales for MEA. The appointments align with Egypt’s push to digitize financial services and broaden access to credit for consumers and SMEs. Read has more than 30 […]
Cairo – Basata Holding for Financial Payments S.A.E., the leading e-payment services company in Egypt, announced plans to invest approximately USD 7 million in 2026 as part of its strategy to strengthen its market position. The company revealed that it is currently evaluating potential acquisition opportunities within its regional expansion plans, with final decisions expected before the end […]
Cairo – GlobalCorp Financial Services has successfully completed two significant securitization transactions totaling EGP 4.91 billion, marking a pivotal moment in the company’s growth trajectory. The completion includes the company’s seventh leasing securitization portfolio valued at EGP 2.32 billion and its inaugural mortgage finance securitization portfolio worth EGP 2.59 billion. Both transactions demonstrated exceptional market reception, […]
Cairo/San Francisco — September 1, 2025 — Munify, a cross-border neobank built for the Egyptian diaspora, has raised $3 million in seed funding from Y Combinator, BYLD, and DCG. The startup, founded by Khalid Ashmawy, a former Microsoft and Uber engineer and co-founder of proptech scaleup Huspy, aims to modernize the remittance experience for millions […]
Cairo, Egypt – August 27th, 2025, Egypt’s first incentivized goal-based investment platform, has officially launched after closing the pre-seed funding round led by 4DX Ventures, with participation from Plus VC and a group of global angel investors. The company announces obtaining its Portfolio Management License from the Financial Regulatory Authority (FRA), enabling it to directly […]