FinTech News
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Egypt e-payment leader Fawry to launch new digital bank by end of 2023
Fawry, Egypt's leading e-payment solutions provider, announced a plan to turn its online payment portal myFawry into a digital bank in 2023.
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Egyptian pharma startup Grinta acquires counterpart Auto-Cure to expand footprint
Grinta is a managed marketplace that modernises the pharmaceutical supply chain by empowering independent pharmacies.
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Central Bank of Egypt partners with London Banking Institute for talent development
The MOU will focus on collaboration on talent development for the workers in the Egyptian financial sector,
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Egypt’s Dominant Fintech Fawry Takes On SME Financing In Growth Push
Fawry has grown to become Egypt’s largest e-payments platform, valued at more than USD 2bn.
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UAE, KSA and Egypt Play Key Roles in Growing Middle East Fintech
The tech savviness of consumers in the Middle East, especially in the UAE, is a large reason the fintech industry has continued to grow.
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Opay plans to apply for digital bank license in Egypt
The step is part of OPay's commitment to playing a role in expanding Egypt's digital economy.
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Banknbox sets up $10 mln regional HQ in Egypt to offer integrated banking tech
Cairo-based financial services company Banknbox announced the opening of its $10 million regional headquarters in Egypt.
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Fintech serves as keystone element in banking, financial development in Egypt
Various solutions are presented in the Egyptian financial technology market every year, making Egypt a fertile environment.
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INTERVIEW: Egypt promotes a digital-first economy, says Canon’s MD
Japanese optical, imaging, and industrial producer Canon perceives Egypt as a leading market in North Africa in terms of digital transformation effort
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Egypt’s e-payment firm Fawry plans to expand into Saudi market
The move is part of its regional expansion plans into the Gulf Cooperation Council region, Fawry said in a press release.
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Egypt’s Qardy plans to scale debt financing marketplace in partnership with country’s post office
Founded in July 2022, Qardy facilitates loans for MSMEs, with founder Abdel Aziz Abdel Nabi saying the startup’s goal was to be the “Amazon of lending
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Egyptian FinTech Startup Flash Secures $6 Million Funding to Accelerate Contactless Payment Expansion
Flash, aims to revolutionize the payment landscape by offering innovative solutions to consumers and businesses.
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Egyptian digital savings startup Menthum secures pre-seed funding
Egyptian digital savings startup Menthum has secured an undisclosed pre-seed round of funding to help it expand its team and develop infrastructure.
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Seamless North Africa 2023 conference highlights promising Egyptian fintech market
The two-day Seamless North Africa 2023 conference, which concluded Tuesday, highlighted Egypt's efforts to transform into a digital economy.
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Fawry considers CBE digital banking license, seeking to expand into KSA market
Egyptian digital finance platform, Fawry, is studying whether it will apply for a digital banking license.
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Fintech event Seamless North Africa 2023 kicks off in New Cairo
Regional fintech event Seamless North Africa has kicked off in Egypt's New Cairo with the participation of over 4,000 banking institutions.
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Central Bank of Egypt issues new rules for digital banks' licensing
The Central Bank of Egypt (CBE) issued rules for licensing, registering, controlling, and supervising digital banks, according to an announcement.
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Egypt's FRA issues new regulations for using fintech in non-bank finance
Egypt's Financial Regulatory Authority (FRA) has issued new regulations for the use of fintech in the non-banking financial sector.
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Egypt: aiBANK joins InstaPay as part of its digital transformation strategy
Offering instant payment services is a strategic move that is part and parcel of our vision to enhance our digital footprint and customer experience.
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Egypt-based fintech investment platform Exits.me raises $1.25 mln capital
According to a press statement issued on Monday, Exits.me, an Egypt-based fintech investment platform, has grown its total capital to $1.25 million.