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. […]
Riyadh, Saudi Arabia – November 19, 2024 EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA) and an EFG Holding company, has announced the launch of its $300 million Saudi Education Fund (SEF). The private equity arm of EFG Hermes aims to establish a world-class K-12 education operator in the […]
Riyadh, Saudi Arabia – Qara, a MEA-based supply chain tech startup, has announced the successful completion of its $2.6 million funding round, led by strategic investors. This funding will fuel Qara’s expansion into the Kingdom of Saudi Arabia (KSA), facilitated by the National Technology Development Program’s (NTDP) Relocate Initiative. The program offers a comprehensive suite […]
Cairo, Egypt – November 18, 2024: Swvl, a global leader in tech-driven mobility solutions, has announced securing $4.2 million in new contracts in Egypt. The contracts span key industries, including FMCG and telecommunications, further solidifying the company’s footprint in the region. This milestone aligns with Swvl’s mission to revolutionize transportation through innovative mobility solutions tailored […]
Efreshli, Egyptian Interior Design Startup, Secures Seed Funding to Expand and Enhance Offerings Cairo, Egypt – Egyptian online interior design startup Efreshli has raised a seed funding round to bolster its product lineup and further enhance its technology-driven platform for home furnishing. Founded by Heba Elgabaly, Efreshli aims to simplify the process of home decoration […]