Cairo, Egypt: The Technology Innovation and Entrepreneurship Center (TIEC), an affiliate of the Information Technology Industry Development Agency (ITIDA), has announced the launch of the 47th round of its Start IT incubation program. Applications are open until May 24, targeting early-stage startups with innovative ideas and ICT-based prototypes to help them transform their concepts into scalable and growth-ready startups. In line […]
Cairo, Egypt – ElGameya, Egypt’s leading fintech platform digitizing the traditional ROSCA savings model, today announced the successful closing of a new 7-figure USD investment round, aiming to accelerate the development of its technology platform. The round was led by AYADY for Investment and Development, with participation from prominent investors including Jedar Capital, Cubit Ventures, Ventures Notes, P-Maestro and a […]
Fresh equity fuels Sylndr’s drive to reimagine car ownership in markets where trust, liquidity, and infrastructure gaps have long constrained both consumers and dealers. Sylndr, Egypt’s leading used-car marketplace, today announced the closing of its $15.7 million Series A equity round, led by Development Partners International (DPI) Venture Capital via the Nclude Fund, with participation […]
Qardy, Egypt’s pioneering digital lending marketplace, is thrilled to announce that it is set to be acquired by Catalyst Partners Middle East (CPME) through a landmark Special Purpose Acquisition Company (SPAC) acquisition, valued at approximately EGP 1.16 billion (USD 23.15 million). This proposed transaction represents Egypt’s first-ever SPAC acquisition, positioning Qardy to become the nation’s […]
EFG Finance, an EFG Holding company, proudly announces it has reached an agreement for MaxAB-Wasoko, the region’s leading e-commerce and supply chain super app, to acquire Fatura, its Egypt-based B2B e-marketplace. This multifaceted partnership results in EFG Finance becoming a significant shareholder in MaxAB-Wasoko and securing a seat on its board. This acquisition marks a […]
Thndr, the leading retail investment platform in the MENA region, announced during its debut keynote event its second major investment round, raising an additional $15.7 million, bringing its total current capital to $37.76 million. The round was led by Prosus Ventures, with participation from BECO Capital, JIMCO Capital, Endeavor Catalyst, Y Combinator, and a prominent […]
CAIRO — Egyptian cybersecurity and artificial intelligence company THE WHITEGUARD has successfully closed a six-figure USD pre-seed funding round, led by venture capital firm DEN VC. The new funding will be used to fuel THE WHITEGUARD’s ambitious expansion plans in Egypt and across regional markets in the Middle East and Africa. The investment will also accelerate […]
In addition, Nawy secured $23 million in debt financing from some of Egypt’s largest banks and financial institutions. Cairo, Egypt — Nawy, Africa’s largest proptech platform, has raised $52 million in Series A equity funding to scale its operations, enhance its technology stack, and accelerate regional expansion. The round was led by Partech, with participation from […]
Career 180, one of the MEA region’s leading EdTech platforms, has announced a new Six-Figure investment from Den VC, reinforcing its position as a frontrunner in career development and education technology. The investment from Den VC will fuel the company’s expansion into Oman, Malta and Saudi Arabia, where it will focus on scaling its LMS […]
Cairo, Egypt — “Bokra, the MENA region’s first goal-driven digital investment platform, has announced a $3 million Sharia-compliant financing agreement with iSUPPLY, a leading digital platform for pharmaceutical and medical supply distribution, to scale its operations and expand access to medical supplies across Egypt. Through this collaboration, Bokra has structured a revenue-based revolving financing, structured entirely in […]