Cairo, Egypt – Amenli, a digital-first insurance platform, has raised $2.3 million in a funding round led by the European Bank for Reconstruction and Development (EBRD)’s venture capital arm, with follow-on investment from Y Combinator (YC). This significant milestone positions Amenli as a key player in modernizing Egypt’s insurance sector and accelerating digital transformation. With […]
Cairo, Egypt – November 18, 2024: Swvl, a global leader in tech-driven mobility solutions, has announced securing $4.2 million in new contracts in Egypt. The contracts span key industries, including FMCG and telecommunications, further solidifying the company’s footprint in the region. This milestone aligns with Swvl’s mission to revolutionize transportation through innovative mobility solutions tailored […]
Efreshli, Egyptian Interior Design Startup, Secures Seed Funding to Expand and Enhance Offerings Cairo, Egypt – Egyptian online interior design startup Efreshli has raised a seed funding round to bolster its product lineup and further enhance its technology-driven platform for home furnishing. Founded by Heba Elgabaly, Efreshli aims to simplify the process of home decoration […]
Cairo, November 12, 2024 – GlobalCorp Group (GC-Group), a leading Egyptian Non-Banking Financial Services Group, today announced a significant increase in its issued and paid-in capital, reflecting the company’s robust growth and shareholder confidence in its future. This capital increase aligns with GC-Group’s broader strategic goal of expanding its footprint and service offerings across Egypt’s […]
NymCard Partners with Blnk to Enhance Digital Lending in Egypt Dubai, UAE – NymCard, a leading provider of modern card issuance and payment solutions, is thrilled to announce a strategic partnership with Blnk, Egypt’s premier digital lending platform. This collaboration aims to introduce tailored payment solutions designed specifically for Blnk’s users, empowering both merchants and […]
Cairo, Egypt – Jumia, Egypt’s leading e-commerce platform, has entered a strategic partnership with Premium International for Financial Services, known for its diverse payment solutions through Premium Card. This collaboration aims to elevate the online shopping experience for Egyptian consumers by providing exclusive offers, flexible payment plans, and attractive discounts. Through this partnership, Premium Card […]
November 7, 2024 – In a strategic move to drive financial inclusion and streamline cross-border payment solutions across the African continent, Thunes has announced a partnership with Ecobank Transnational Incorporated, a leading pan-African financial institution. This collaboration aims to build secure, efficient digital payment pathways for millions of individuals and businesses throughout Africa, connecting them […]
This dual certification boosts the company’s ability to deliver secure, compliant, and cutting-edge payment solutions in the MENA region Egypt, November 2024 — Fawry, Egypt’s leading digital payments platform, has successfully completed the Mobile Point of Sale (MPOC) certification cycle, becoming the first company in the MENA region to achieve both MPOC and Contactless Payment […]
Egypt, November 5, 2024 — T-Vencubator, a leading entity in venture building, venture capital, and incubation services, has announced www.tafweela.com as its first venture building project, signaling a major push to reshape the vehicle payments ecosystem in Egypt. This initiative aligns with T-Vencubator’s mission to foster disruptive startups that drive digital transformation and enhance economic […]
BMCE Capital Investments Backs Moroccan Logistics Startup Cathedis with MAD7 Million Investment Casablanca, Morocco – BMCE Capital Investments, the private equity arm of BMCE Capital, has announced a strategic investment in Cathedis, a leading Moroccan last-mile delivery logistics company. The investment, totaling nearly MAD7 million, includes MAD5 million from BMCE Capital’s dedicated venture capital fund […]