Cairo, Egypt – November 29, 2024 The National Security Services Company (SAFE), a leading entity under Saudi Arabia’s Public Investment Fund (PIF) spearheading transformation in the security services sector, has signed a memorandum of understanding (MoU) with Egypt’s eFinance, a premier fintech firm specializing in electronic payment and collection services. The announcement was made during […]
Hong Kong, 26 November 2024—Invest Hong Kong (InvestHK) has announced the opening of a new office in Cairo, Egypt, marking a strategic move to enhance its efforts in attracting companies from the Middle East and North Africa (MENA) region to establish or expand their businesses in Hong Kong. This milestone also aims to foster deeper […]
Casablanca, Morocco – BMCE Capital Investments, the private equity arm of BMCE Capital Group, has announced the signing of a conditional agreement to acquire a stake in Premium Technology & Services (PTS), a fast-growing Moroccan startup specializing in digital payment solutions. The investment, valued at USD 497,900 (5 million dirhams), is being made through BMCE’s […]
In the early 2000s, the tech industry often repeated the phrase, “Every company will be a tech company.” This prediction largely materialized as businesses across sectors adopted technology to stay relevant in a rapidly digitizing world. Now, as we navigate the complexities of a more interconnected digital economy, a new mantra is taking hold: “Every tech company […]
Cairo, November 25, 2024: Today, BM Consumer Finance, a leading consumer finance company, announced the successful conclusion of EGP 478mn securitized bond issuance for Capital for Securitization. CI Capital (CICH.CA), the leading diversified financial services group, acted as the issuance manager and principal coordinator for the transaction. This move aligns with the company’s strategy to […]
Cairo, Egypt – Sylndr, the pioneering Egyptian startup redefining the used car market, has announced the successful acquisition of a groundbreaking EGP 370 million credit facility. This innovative asset-backed working capital solution marks Egypt’s first of its kind, underscoring Sylndr’s growing influence in the automotive fintech space. The funding was secured with the support of […]
Cairo, Egypt, November 24, 2024 – The International Finance Corporation (IFC) has announced a $150 million financing package for the Commercial International Bank (CIB), Egypt’s leading private sector bank. This strategic move aims to enhance CIB’s capital base, empowering it to extend greater support to micro, small, and medium-sized enterprises (MSMEs), including women-owned businesses, across […]
Cairo, Egypt – : PayTabs Egypt, a leading payments solutions provider in the MENA region, has announced a strategic partnership with Azimut Egypt, a prominent multinational investment manager. This collaboration marks a significant milestone in Egypt’s financial landscape by enabling Azimut customers to top up their trading accounts and investment funds on the azinvest platform using […]
Dubai, UAE – FOO, the award-winning B2B Software as a Service (SaaS) solutions provider, has announced a strategic partnership with eNovate, Egypt’s premier digital payment solutions provider, to enhance eNovate’s product portfolio and accelerate innovation in Egypt’s financial services sector. Driving Innovation in Egypt’s Financial Landscape As an independent subsidiary of eFinance Investment Group (EFIG), […]
ariika, the digital-first home furnishings disruptor, has raised USD 3 million in a Series A extension round, marking a significant milestone in its growth journey. The round was led by Beltone Venture Capital and UAE-based Citadel International Holdings, reinforcing investor confidence in ariika’s modern, accessible design offerings and its seamless online and offline customer experiences. […]