Egyptian fintech startup INVIA has raised $1.2 million from angel investors and strategic supporters to scale its AI-powered financial operating system for small and medium-sized enterprises. Founded to address the growing complexity of financial management for SMEs, INVIA replaces fragmented tools with a unified platform that automates bookkeeping, cash flow tracking, inventory, and manufacturing operations. […]
Moroccan public financing institution Tamwilcom has launched a $69 million (MAD 700 million) venture-building programme to support 800 startups over three years. The initiative combines capital, mentorship, and operational support, guiding startups from ideation to market expansion. Founders will receive a monthly stipend, alongside access to grants and financing tools, including loans of up to MAD 2 […]
Saudi-based Jozo has raised $2.21 million (SAR 8.3 million) in a seed round, led by Sheikh Hamad Bin Saedan Real Estate Co. as a strategic partner. Founded in 2024 by Turki Al-Shlail and Fahad Almansour, Jozo develops solutions that enable the tokenisation of real estate assets, allowing individuals to invest in real estate with much smaller amounts […]
Abu Dhabi, UAE: MBME Pay Payment Services Provider – Sole Proprietorship L.L.C. (“MBME Pay”), a wholly owned subsidiary of MBME Group PJSC, has received its Payment Service Provider license (Category 3) from the Central Bank of the UAE (CBUAE) to conduct Merchant Acquiring and Payment Aggregation activities. This license elevates MBME Pay into an exclusive group […]
Transfers are completed within 5–10 minutes, with a maximum limit of AED 150,000 per transaction for Türkiye and AED 36,000 for the Kingdom of Saudi Arabia. Careem Plus members benefit from zero fees and exclusive member-only rates, turning remittances into a key financial advantage. Dubai, UAE: Careem Pay, the digital payments platform within the Careem […]
Key Highlights Total Assets reached EGP 1,044,016 million, +12% YTD, up by EGP 114,151 million. Gross Loans reached EGP 498,500 million, +7% YTD, up by EGP 31,493 million. Customer Deposits reached EGP 878,769 million, +13% YTD, up by EGP 101,202 million. Non-performing Loans ratio and Total Coverage ratio of 4.58% and 118.9% respectively. Capital Adequacy […]
Cairo, Egypt, — April 7, 2026 — Lucky, a leading financial technology company in Egypt and the Middle East, today announced the successful closing of a $2 3 million Series B funding round, including a mix of equity and debt. The round was led by existing & new investors, including Disruptech Ventures, DPI Venture Capital via […]
Cairo, Egypt: In a groundbreaking move set to transform cross-border banking for Egyptians abroad, Mashreq has become the first UAE-based bank to offer a fully digital account opening service for non-resident Egyptian customers. This innovative solution allows Egyptian nationals residing in the UAE to instantly open a Mashreq Egypt Account remotely via the Mashreq UAE mobile […]
Morocco based z.systems, a digital platform connecting brands, wholesalers, and retailers, has successfully raised $1.65 million in a Seed funding round led by Azur Innovation Management. The round saw continued support from existing Pre-Seed investors, MNF Ventures and Witamax, both of whom participated through follow-on investments. Additionally, Harambeans Prosperity Fund joined as the company’s first […]
As commerce evolves, legacy authorization systems can become availability bottlenecks – limiting acquirers’ ability to enable new payment experiences. Visa Intelligent Authorization enables modern payment processing across major global and local card networks through a single API with uptime of 99.999%, helping eliminate the need for costly infrastructure maintenance or builds. Egypt, Cairo [March 31, […]