FinTech News
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Media reports possible new Instapay feature coming to app
The new service is expected to roll out before the end of this year, enhancing the convenience of transactions for consumers.
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Valu partners with ShipBlu, PayTabs Egypt for eCommerce payments
Valu, MENA’s universal FinTech powerhouse, has partnered with ShipBlu and PayTabs Egypt to transform payment methods for eCommerce.
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Know your InstaPay limits: CBE announces new rules
The Central Bank of Egypt (CBE) has increased the daily and monthly spending limits for digital payments made using apps like InstaPay.
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In the spotlight: Paymob a success story in Egypt's booming fintech scene
One of Paymob's most notable achievements is reaching profitability in its home market of Egypt for the first time in the second quarter of 2024.
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Tamweely acquired by consortium of EU, British, Egyptian investors
The deal reflects investor interest in Egypt’s growing microfinance sector, a financial analyst told Mada Masr.
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Egypt-born FlapKap raises $34 million pre-series A
The fintech company will use the new investment to expand its small and medium enterprise (SME) financing services across MENA.
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Egypt Menthum launches USD fixed income fund in partnership with CI Capital
Menthum, an Egyptian digital savings platform, announced on Sunday the launch of its USD Fixed Income Fund in collaboration with CI Capital.
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FinExpo to debut in October as Egypt’s 1st major fintech e-trading conference and exhibition
FinExpo, described as the largest platform of its kind in Egypt, aims to connect investors interested in the stock market and electronic trading.
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Egypt's Fawry plans to begin Saudi operations by year-end
Fawry is an Egypt-based company that provides an electronic payment network.
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What's next for mobile wallets in Egypt?
As the country continues to embrace digital finance, the future of money management in Egypt looks increasingly mobile and accessible to all.
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CBE: Mobile wallets reached 39M in 2023
By the end of September 2023, the total had reached 36.7 million, with 96.2 million transactions amounting to LE 11.64 billion.
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Egypt’s Qardy secures seven-digit pre-Seed
Egypt-based fintech Qardy has raised a USD seven-figure pre-Seed round, invested by White Field Ventures, Vastly Valuable Ventures, along with others.
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Egypt’s credit bureau “Iscore” reveals new analytics platform to support banking sector
The newly introduced platform aims to facilitate real-time monitoring and in-depth analysis of various credit products.
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SAIB Bank supports fintech startups, entrepreneurship
SAIB Bank has been actively supporting companies in the Egyptian market, including One Order, Aalnota, and Waseela.
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Egyptian unicorn MNT-Halan acquires Tam Finans to expand into Türkiye
Egypt's largest non-bank financial institution and fintech company, MNT-Halan, has acquired Tam Finans, marking its expansion into Türkiye.
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Egypt's Banknbox join forces with CSC Jordan to drive financial inclusion
Egypt-based fintech Banknbox has partnered with CSC Jordan to drive financial inclusion and offer joint advanced services to customers.
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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.