Cairo: Basata Holding for Financial Payments S.A.E, a leading fintech company specializing in digital payments, has announced the launch of a new service aimed at facilitating users’ daily financial transactions by expanding its cash-in and cash-out services across its point-of-sale network to include all mobile wallets, after previously being limited to Vodafone Cash only. This move reflects […]
Cairo, Egypt – Granite Financial Holding, a digitally-enabled asset management company, announced that it has received approval from the Financial Regulatory Authority (FRA) to launch a new USD denominated Fixed Income Fund.This step reflects Granite’s commitment to providing innovative and diverse tools for investors within the CashTech sector and contributing to boosting the growth of Egypt’s […]
Cairo, Egypt – Venus, a subsidiary of Karm Holding, has secured Shariah-Compliant financing worth EGP 70 million from Banque Misr to support the expansion of the Cairo 3A project; bringing the total financing obtained from Banque Misr for the project to EGP 154 Million. The funding will be directed toward scaling up the project’s energy infrastructure, with a […]
Cairo, Egypt — Modupay, the leading payments tech enabler across the Middle East and Africa, has announced a significant advancement in its strategic collaboration with Banque Misr, one of Egypt’s most established and trusted financial institutions. Through a newly completed ATM direct integration, FinTech cards sponsored by Banque Misr and processed on Modupay’s platform can now […]
Moroccan–Senegalese mobility startup Weego has raised $1.1 million in a funding round led by Azur Innovation Fund to expand its mobility-as-a-service (MaaS) platform and accelerate its growth across African markets. Founded in 2020 by Saad Jittou and Mor Niane, the company operates a multimodal mobility application that integrates various transportation options into a single platform. […]
Cairo: Valmore Holding (VLMR.CA and VLMRA.CA on the Egyptian Exchange and VALMORE.KW on Boursa Kuwait), one of the MENA region’s leading investment companies, reported today its consolidated results for the quarter and year ended 31 December 2025. Revenues grew 24% year-on-year (y-o-y) to reach USD 685 million for 2025, driven by strong top-line growth across the […]
Beltone Holding is expanding its investment platform with the launch of its Private Equity platform, further strengthening the Group’s multi-stage investment strategy and reinforcing its commitment to supporting startups from Pre-Seed to Pre-IPO. Building on the strong track record established by Beltone Venture Capital in backing high-growth startups at early stages, the new platform represents […]
Egypt- and Saudi-based e-commerce logistics startup Flextock has raised $12.6 million in a Series A round led by TLcom Capital, with participation from Conjunction Capital and Capria Ventures, alongside Access Bridge Ventures, Foundation Ventures, BY Venture Partners, JIMCO, Alter Global, MSA Capital and other investors. Founded in 2021 by Mohamed Mossaad and Enas Siam, Flextock […]
El-Shanwany: The initial approval represents an important strategic milestone in our digital transformation journey and enables customers to fully control their spending while benefiting from a flexible and secure card. Mohamed Gamal: Our collaboration with Banque Misr, Visa, and Modupay reflects our ongoing commitment to delivering reliable and secure solutions that meet customers’ expectations and […]
Cairo-based e-commerce platform Breadfast has secured $50 million in a pre-Series C funding round backed by Mubadala Investment Company, a Saudi billionaire family, SBI Investment Co., and Olayan Financing Company, alongside other venture capital and institutional investors. Founded in 2017 in Cairo by Mostafa Amin, Muhammad Habib, and Abdallah Nofal, Breadfast has evolved from a […]