Banque Misr supports the Nclude Innovation Fund LP (“Nclude”) in the transition of its management to DPI Venture Capital

Banque Misr was the anchor investor in launching the Nclude Fund in 2022, with the goal of supporting and developing early-stage fintech companies and unleashing their full potential, in line with its broader strategy to transform its services digitally to enable financial inclusion, drive growth, and deliver higher returns.

 

DPI Venture Capital was launched by Development Partners International to provide investors access to pioneering, early-stage, growth-oriented technology businesses across the Middle East and Africa.

 

The Nclude Fund, with $105 million in assets under management and a target size of $150 million, is the largest fintech-focused fund in Africa. 

 

Since its establishment in March 2022, Nclude has invested over $42.5 million across 12 transactions, including companies such as Paymob, Khazna, Flapkap, and Connect Money. Launched with the support of the Central Bank of Egypt, Nclude is backed by LPs from Egypt’s largest national banks, including Banque Misr, National Bank of Egypt, and Banque du Caire, and joined by financial services-focused LPs e-Finance Investment Group, EBC, and Mastercard. Nclude has the ability to invest up to 30% of its commitments into deals in the wider Middle East and Africa region to help such companies expand into Egypt, further expanding Egypt’s position as a regional fintech hub.