Cairo, Egypt: Egypt-based investment advisory platform Exits MENA has signed a multi-seven-figure transaction, alongside Avanz Capital Egypt’s existing local management, to acquire Avanz Capital Egypt (ACE), a private equity and asset management firm. The transaction has received initial approval from Egypt’s Financial Regulatory Authority (FRA) and marks a significant step in Exits MENA’s strategy to […]
Yango Group, the UAE-based technology company, has invested in Egypt’s Fincart through its corporate venture fund, Yango Ventures, as part of the AI-powered e-commerce operations platform’s oversubscribed $2.8m seed funding round. The investment will support Fincart’s product development, team expansion, and new commercial partnerships as the company prepares to expand into additional markets across the […]
Morocco based z.systems, a digital platform connecting brands, wholesalers, and retailers, has successfully raised $1.65 million in a Seed funding round led by Azur Innovation Management. The round saw continued support from existing Pre-Seed investors, MNF Ventures and Witamax, both of whom participated through follow-on investments. Additionally, Harambeans Prosperity Fund joined as the company’s first […]
Cairo – trevi, a newly launched e-payment and loyalty app, is set to transform Egypt’s digital financial landscape with seamless, secure, and rewarding transactions. As the demand for digital financial services grows, Trevi reinforces the government’s drive toward financial inclusion, providing cutting-edge solutions tailored to the needs of today’s digital consumers. Ensuring secure transactions, trevi partners […]
UAE-based online classifieds platform Dubizzle Group has acquired the Egyptian online car marketplace, Hatla2ee, in an undisclosed deal value. With this acquisition, Dubizzle Group integrates its advanced technology and resources into Hatla2ee’s already trusted platform. Established in 2016 by Samy Swellam, Hatla2ee is an online platform where users can buy and sell new and used […]
Cairo, Egypt – February 12, 2025: Egyptian SaaS solutions provider Qme has successfully raised $3 million in a Seed funding round led by AHOY, alongside strategic investors from the Gulf Cooperation Council (GCC). The investment will fuel Qme’s expansion into Gulf and African markets, with long-term ambitions for global growth. The announcement coincided with the […]
Lagos, Nigeria: Raenest, the global multi-currency accounts platform for individuals and businesses across Africa, today announced the completion of its $11M Series A funding. The round was led by QED Investors, with participation from Norrsken22, alongside follow-on investment from Ventures Platform, P1 Ventures, and Seedstars. This equity-based capital injection brings Raenest’s total venture funding to $14.3M. With this new funding, Raenest […]
Cairo, Egypt – Beltone Venture Capital has announced its latest strategic equity investment in LNKO, a pioneering omni-channel direct-to-consumer (D2C) eyewear startup. This investment is part of Beltone Venture Capital’s ongoing expansion strategy across Africa, aimed at supporting transformative businesses with high-growth potential. Since its inception four years ago, LNKO has rapidly emerged as a leader […]
February 4, 2025 – Khazna, a leading financial Super App that offers easy-to-use, technology-driven financial services to underserved segments, announces closing a $16 million pre-Series B funding round. The round saw participation from new and existing investors including SANAD Fund for MSME, anb Seed Fund (managed by anb Capital), Aljazira Capital (the investment arm of […]
Cairo-based venture capital firm Foundation Ventures has raised $25 million through its second fund – FVFII – to support the country’s early and growth-stage startups. The firm’s new fund has attracted investors, including the Egyptian American Enterprise Fund (EAEF), the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), and businessman Onsi Sawiris. The FVFII fund […]