Cairo – Aria Ventures, a specialized venture studio focused on building startups, has announced the launch of a 50 million EGP investment to support promising companies in the Deep-Technology sector. This initiative aims to bridge the gap between pioneering research and market applications, enabling deep technological innovations to grow and flourish. Aria Ventures aims to increase this […]
Nowlun, the digital logistics platform that simplifies global freight in the MENA region by helping businesses move full container loads (FCL) and bulk cargo with speed and simplicity—while keeping them informed with real-time tracking and instant updates—has closed its seed round at $2.3 million following a $600K extension led by Ingressive Capital, a prominent African […]
With 146% Gross Revenue CAGR (2019 – 2024), 16,000 Daily Transactions as of the first quarter of 2025, and Unmatched Customer Engagement, Valu’s Commencement of Trading on the EGX Highlights its Transformative Role in Egypt’s Economy Cairo: EFG Holding, a leading financial institution with a universal bank in Egypt and the leading investment bank in the […]
Roomz.rent has successfully raised a pre-seed funding round led by Qora71 (Hub71-based angel investor syndicate) and other angel investors. Born in Cairo, Roomz.rent is the region’s first co-living platform, providing hassle-free, affordable, and flexible long-term room rentals starting from just 3 months. By intelligently matching tenants with ideal flatmates and offering fully managed accommodations, Roomz.rent addresses […]
In May 2022, Amazon entered into an Option Agreement with EFG Holding, acquiring USD 10 million of EFG Holding GDRs. Cairo, Egypt — U Consumer Finance S.A.E., known under the trademark Valu, a subsidiary of EFG Holding, and EFG Holding are pleased to announce that Amazon has agreed to exercise its option to acquire a direct equity […]
Algeria-based HRTech startup Talenteo has raised a six-figure investment in a strategic funding round led by Tunisia-based venture capital firm 216 Capital Ventures. The funding will support Talenteo’s expansion into Tunisia and broader Francophone African markets, as well as accelerate the development of its AI-powered human resources platform. Founded in 2022 by Tarik Metnani and Louai Djaffer, Talenteo offers a comprehensive […]
Contact Financial Holding’s Insurance Division Shines in 1Q-25: Net Income Jumps 767% YoY to EGP 43mn. Cairo, Contact Financial Holding (CNFN.CA), Egypt’s leading non-bank financial services provider, announced today its consolidated financial results for 1Q25. The Group delivered a strong start to the year, boasting a solid 30% y-o-y increase in consolidated operating income, to reach EGP […]
Cairo, Egypt: CI Capital Asset Management (CIAM), Egypt’s leading asset manager and a Forbes Top 40 asset manager in the Middle East and North Africa (MENA) region, a subsidiary of CI Capital Holding (CICH.CA), is proud to announce the launch of the country’s first open-ended sustainable equity fund — the “Misr Green – Sustainability (ESG) Fund” […]
Lagos, Nigeria – DisrupTech Ventures, one of Egypt’s leading early-stage fintech funds, has announced its first pan-African investment in Nigerian startup Winich Farms, a fast-growing Agri-Tech that is transforming access to markets and credit for smallholder farmers across Nigeria. The investment forms part of Winich’s Pre-Series A round. Lagos-based Winich is addressing the most pressing challenges facing […]
The new capital will accelerate the expansion of Octane’s acceptance network, deepen its technology stack and support the company’s growth across Egypt and the wider Middle East and North Africa (MENA) region. Cairo, Egypt: Octane, Egypt’s leading digital platform for fleet and on-road expense management, has raised US $5.2 million in a funding round led by Shorooq, Algebra Ventures and Elsewedy […]