Cairo, Egypt – Arab Financial Services (AFS), A premier digital payment and fintech solutions provider in the Middle East and Africa, is pleased to announce that its Egyptian subsidiary has received a SoftPOS license from the Central Bank of Egypt (CBE). This regulatory approval has enabled the company to launch the service nationwide, making AFS Egypt one […]
Business For Teens, an education startup focused on teaching entrepreneurship and financial literacy to teenagers, has announced the successful closure of a six-figure Pre-Seed funding round to support its growth and expansion across Egypt and the Gulf region. The funding round comes on the back of strong early traction. Since its launch, Business For Teens […]
Cairo: Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, signed a Memorandum of Understanding (MoU) with a consortium comprising of Frankfurt School of Finance & Management, and Chemonics, as part of the German development programme, Green Recovery for the Egyptian Economy Transformation (GREET). The MoU establishes a framework for cooperation […]
Cairo: Drive Finance, a non-banking financial company specialized in consumer finance and a subsidiary of GB Capital, the financial services arm of GB Corp, has successfully completed its sixth securitization bond issuance, valued at EGP 2.4 billion. This issuance marks the first tranche under Drive’s EGP 25 billion securitization program, executed with the support of its […]
Cairo, Egypt — Croptimus, an Egyptian agritech startup focused on regenerative agriculture and sustainable bio-products, has secured an undisclosed investment from Venture X. Founded in 2021 by Ahmed Hassanein and Abdelrahman AlAtrash, Croptimus converts agricultural and food waste into high-value bio-products such as biochar, activated oil, and bio-oil. The company’s solutions help farms reduce water […]
Cairo, Egypt – The International Finance Corporation (IFC) is considering an equity investment of up to $13 million in Breadfast, Egypt’s fast-growing quick commerce and online grocery platform, as the company looks to accelerate domestic expansion and strengthen its technology-driven operations. According to an IFC disclosure, the proposed investment aims to support Breadfast’s growth across […]
Egypt-based deeptech startup Nawah Scientific has closed a $23 million Series A round, comprising a mix of equity and debt, as it marks a decade since its founding. The round was led by Life Ventures Holding, with participation from Den Ventures, Empire M, AfricInvest, and Elsewedy, as well as banks and angel investors. Founded in […]
Cairo, Egypt — iVoiceUp, an Egypt-based AI-powered ethics and whistleblowing case management platform, has closed an investment round led by regional venture capital firm A15. The funding will be used to accelerate the company’s expansion across Egypt, Saudi Arabia, and the United Arab Emirates, while enhancing its product capabilities. Founded in 2019 by Ahmed Genedy, […]
Cairo, Egypt – In a move aimed at promoting financial inclusion and providing new payment channels for all segments of Egyptian society, tpay, the leading value-added services provider, announced today the signing of Egypt’s first license with the National Telecom Regulatory Authority (NTRA) to offer Direct Carrier Billing (DCB) for government payments. This milestone represents a […]
Byit Capital, the high-growth propTech platform headquartered in the UAE, has raised USD 1.1 million in strategic investment from A15, Beltone Holding, and angel investors, marking a pivotal milestone in its mission to standardize and scale real estate brokerage across the GCC. Having started its journey in Egypt before expanding into the UAE, the platform […]