Qardy, Egypt’s pioneering digital lending marketplace, is thrilled to announce that it is set to be acquired by Catalyst Partners Middle East (CPME) through a landmark Special Purpose Acquisition Company (SPAC) acquisition, valued at approximately EGP 1.16 billion (USD 23.15 million). This proposed transaction represents Egypt’s first-ever SPAC acquisition, positioning Qardy to become the nation’s […]
EFG Finance, an EFG Holding company, proudly announces it has reached an agreement for MaxAB-Wasoko, the region’s leading e-commerce and supply chain super app, to acquire Fatura, its Egypt-based B2B e-marketplace. This multifaceted partnership results in EFG Finance becoming a significant shareholder in MaxAB-Wasoko and securing a seat on its board. This acquisition marks a […]
Thndr, the leading retail investment platform in the MENA region, announced during its debut keynote event its second major investment round, raising an additional $15.7 million, bringing its total current capital to $37.76 million. The round was led by Prosus Ventures, with participation from BECO Capital, JIMCO Capital, Endeavor Catalyst, Y Combinator, and a prominent […]
Oman: In a key step for Oman’s growing fintech landscape, AmwalPay has officially announced its integration with Shopify, becoming the first Omani payment gateway licensed by the Central Bank of Oman to be directly available for Shopify merchants. Through this integration, merchants in Oman can now activate AmwalPay as a payment provider on their Shopify stores — […]
CAIRO — Egyptian cybersecurity and artificial intelligence company THE WHITEGUARD has successfully closed a six-figure USD pre-seed funding round, led by venture capital firm DEN VC. The new funding will be used to fuel THE WHITEGUARD’s ambitious expansion plans in Egypt and across regional markets in the Middle East and Africa. The investment will also accelerate […]
Cross Switch, a provider of class-leading payment solutions, has strengthened its African presence by officially launching services in Kenya and partnering with licensed local payment provider Pesawise. This collaboration makes the most of Pesawise’s solid regulatory standing and trusted reputation, allowing Cross Switch to establish it’s footprint and, together with Pesawise, immediately deliver robust payment […]
Cairo – Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt ) has signed a partnership agreement with Saudi Airlines to launch the first international Alfursan credit card in Egypt, in collaboration with Visa. This landmark collaboration marks the launch of the first international co-branded Alfursan card, and the card’s benefits will be tailored specifically for the Egyptian […]
In addition, Nawy secured $23 million in debt financing from some of Egypt’s largest banks and financial institutions. Cairo, Egypt — Nawy, Africa’s largest proptech platform, has raised $52 million in Series A equity funding to scale its operations, enhance its technology stack, and accelerate regional expansion. The round was led by Partech, with participation from […]
Career 180, one of the MEA region’s leading EdTech platforms, has announced a new Six-Figure investment from Den VC, reinforcing its position as a frontrunner in career development and education technology. The investment from Den VC will fuel the company’s expansion into Oman, Malta and Saudi Arabia, where it will focus on scaling its LMS […]
Cairo – Tasaheel, Egypt’s largest and fastest-growing lender for small businesses and entrepreneurs, and part of MNT-Halan, announced the successful conclusion of a landmark EGP 2.5 billion corporate bond issuance, the largest of its kind in the Egyptian market to date. Tasaheel’s issuance, which received an investment-grade BBB+ rating from Middle East Ratings and Investor Services […]