Cairo/San Francisco — September 1, 2025 — Munify, a cross-border neobank built for the Egyptian diaspora, has raised $3 million in seed funding from Y Combinator, BYLD, and DCG. The startup, founded by Khalid Ashmawy, a former Microsoft and Uber engineer and co-founder of proptech scaleup Huspy, aims to modernize the remittance experience for millions […]
Cairo, Egypt – August 27th, 2025, Egypt’s first incentivized goal-based investment platform, has officially launched after closing the pre-seed funding round led by 4DX Ventures, with participation from Plus VC and a group of global angel investors. The company announces obtaining its Portfolio Management License from the Financial Regulatory Authority (FRA), enabling it to directly […]
Ajyad Capital, a leading Shari’ah-compliant investment firm established in Bahrain and licensed by the Central Bank of Bahrain since 2003, today announced a strategic partnership with Ratings Intelligence, a UK-based provider of Shari’ah advisory services. This collaboration will integrate advanced Shari’ah-compliance technology into Ajyad Capital’s upcoming fully digital trading application, made for investors throughout the […]
The milestone positions onebank as a pioneering player in Egypt’s financial sector, advancing national digital transformation, expanding financial inclusion, and cementing Egypt’s role as a leader in digital banking innovation. Egypt – Misr Digital Innovation has received approval from the Central Bank of Egypt (CBE) to transition into onebank, the country’s first fully digital bank, […]
Cairo, Egypt – Egyptian grocery delivery startup Breadfast has raised $10 million from the European Bank for Reconstruction and Development (EBRD) as part of its Series B2 funding round, bringing its valuation close to $400 million. The round was led by Novastar Ventures and aims to scale operations across Egypt, including the expansion of fulfilment […]
ADX becomes the first exchange in the GCC to welcome Thndr, a leading regional investment platform. Thndr users will soon be able to invest directly in ADX-listed securities and ETFs Thndr partnership reinforces ADX’s commitment to financial inclusion and innovation Abu Dhabi, United Arab Emirates: The Abu Dhabi Securities Exchange (ADX) today onboarded Thndr, a leading […]
Digified is proud to announce that it has secured regulatory approval from the Financial Regulatory Authority (FRA) for its AI-powered digital onboarding, eKYC, and e-contracting services tailored for non-banking financial institutions (NBFIs) in Egypt. With this regulatory milestone, lending, investment, and insurance companies regulated by the FRA can now fully create digital IDs, verify their e-kyc, and sign […]
F6 Group launches F6 Ventures, a new seed-stage investment firm, alongside Flat6Labs, to support startups across the Middle East and Africa. The newly launched VC fund will manage six funds with over $90 million in assets under management (AUM), focusing on seed and early-stage investments. F6 Ventures will address funding gaps in emerging ecosystems, focusing on […]
Investment led by 4DX Ventures, Camel Ventures, and Plus VC to power Suplyd’s next growth phase beyond distribution. The round also includes participation from Seedstars and existing investors as Suplyd gears up to expand across Egypt and scale new services. Cairo, Egypt – Suplyd, the Cairo-based digital procurement platform for restaurants, announced the successful raise of […]
Wuilt, the MENA region’s all-in-one e-commerce enablement platform, has raised $2 million to accelerate its mission of democratizing e-commerce—starting in Egypt and expanding across the region and beyond. The round includes follow-on investment from Flat6Labs and MTF VC and participation from Mubadala-backed Hub71, JIMCO (Abdul Latif Jameel’s VC arm), Purity Tech, and a strong network of strategic angel […]