FinTech
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MNT-Halan secures $157.5m to fuel expansion beyond Egypt
MNT-Halan, a standout in Egypt’s FinTech landscape and the country’s first unicorn, has recently completed a significant funding round.
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Egypt’s Dopay secures $13.5 million Series A extension round
Egypt-headquartered fintech Dopay has closed a $13.5 million Series A extension round, topping up a previous $18 million Series A round raised in 2021
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Mobile wallet transactions in Egypt surge 112% YoY in 2023
This increase paralleled a 30% rise in the number of mobile wallet accounts, totaling 39.4 million at the end of December.
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Egypt-Based Fintech Connect Money Secures $8 Million
The investment will support the company's efforts to expand its platform, with a focus on North Africa.
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Value of Egypt’s electronic payments, collections services reaches LE 2.5tn in 11 months
The electronic payment service for workers' salaries in the country saw a growth rate of 24 percent, amounting to LE 299.4 billion.
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Smart cards manufacturer MDP plans to invest $2 mln in Egyptian market
Smart issuing and payment processing warehouse MDP plans to inject new investments worth $2 million into the Egyptian market.
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Egyptian investtech startup Bokra plans swift Saudi, UAE expansion post-launch
It is the first platform to offer goal-based investment and saving products through asset-backed securities.
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HSBC to back fintech in Egypt with $31 million fund
HSBC Egypt is planning to launch a fund worth EGP 1.5 billion ($31.5 million) to back the fintech sector in the North African country.
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Egypt’s Sahl closes dual rounds at $6 million
Sahl's strategic vision is to become the dominant player in facilitating digital payment transactions within Egypt's booming EGP 2.5 trillion sector.
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Banknbox expands fintech partnerships across 8 countries
Banknbox offers a suite of internally developed digital services, ensuring flexibility, compatibility with customer needs, and cost-effective delivery