As noted by its management: "Dopay is the Fintech innovator driving financial inclusion by making access to cashless payment solutions simple, secure, and super-fast. PayTabs' General Manager Africa, Hany Soliman . | Fintech Egypt is a unified platform to foster and connect all Fintech ecosystem stakeholders, including Fintech startups, financial institutions, regulators, service providers, mentors and investors. The infrastructure a platform provides allows you to scale your business. Egypt's a fascinating country and has a startup scene we closely monitor from the GCC. INVESTMENT INITIATIVES Egyptian FinTech Association is a nonprofit and nonpolitical organization incorporated in Egypt and a member of the Global Fintech Hubs Federation. The VC firm led a US$5 million pre-seed round, with participation from Global Founders Capital and Class 5 Global. Financial inclusion is on the developmental agenda in Egypt, and fintech startups in Egypt are one of the key driving forces to achieve this kind of adoption. The fintech giant is the largest e-payment platform in Egypt, with potential to grow, but there are also several other e-payments players that have been doing very well. The e-payments platform is currently valued at more than $1.5 billion. Headquarters: Cairo, Egypt. Other fintech startups in Egypt include AqarFunder, a real estate crowdfunding platform, Yomken, a open-innovation and crowdfunding platform by Istebdaa' LLC, and MoneyFellows, a web and mobile-based platform allowing users to create, manage and track money circles online with members of their social networks. The investment initiatives include names like EFG-EV, the fintech accelerator program that was founded . Cairo. paynas is a cloud platform and service that provides hassle free banking, HR management, affordable medical insurance, and employee benefits Based out of Cairo, Al Qahirah, Egypt. The company lends to small and medium enterprises (SMEs) in Jordan and Egypt, and also operates peer-to-peer (P2P) lending platform liwwa.com. Tuesday, 26 April 2022 UAE-based fintech platform FlexxPay to make Egypt its third market FlexxPay lands in Egypt: UAE-based fintech platform FlexxPay is expanding to Egypt, it announced in a press statement (pdf) last week. This means that you can maintain one central team of staff to run the day-to-day operations of the business, without the . PaySky, Egyptian FinTech platform, expands to UAE after launching Yalla Card and Super App in partnership with Visa. Egypt, with a population of 102 million has around 19 million debit cards. Through Nexta, the EGX-listed company aims to provide advanced digital banking services in the Egyptian market. Telda Digital banking startup Telda gained attention this year after it became Sequoia Capital's first MENA startup foray. It has also introduced a fintech regulatory sandbox to allow startups and founders to test their fintech ideas in a controlled environment. And investments in fintech show no signs of slowing down this year. Paymob 6 Fintech Startups In Egypt To Watch In 2021. Shekra is a crowdfunding platform, and 7aweshly has an app to help young Egyptians to save money. Fintech firm dopay has received a banking agent license via the Arab Banking Corporation Egypt (Bank ABC Egypt). The round was funded through UK-Based Exits.me, a group of notable Egyptian Angel investors, Baseeta Investments Holding and Mawelni Holding for Financial Investments, along with the company's founders. It needs to, as the digital transformation of consumer finance in the country is well underway. Fintech in Egypt As the global economy recovers from COVID-19, financial inclusion became the main focus worldwide. Fintech in Egypt has been booming over the years, with fintech startups leading other sectors in terms of venture capital funding in the country. # Egypt # funding # start-up Previous Nclude is a venture capital investment platform for fintech innovation. The new platform will be launched through the bank's. Amman-based lending fintech liwwa has secured US$18.5 million in its Pre-Series B fundraising round. Egypt's fintech sector is especially interesting, providing solutions for billing, payments, lending, and more. Average ticket size increased more than X3 between 2020 and 2021, indicating that Egyptian fintech . Largely unbanked population (only 14% of adults have an account, World Bank 2014) Industry: Payments. It has also introduced a fintech regulatory sandbox to allow startups and founders to test their fintech ideas in a controlled environment. FinTech Egypt | 12,332 followers on LinkedIn. The project is planned to have multiple services in various sectors, aligning with PaySky's objective of reaching 1 billion consumers and 1 . Thndr, the Egyptian digital investment platform, announced a new $20 million series A investment. valU will leverage Paynas's digital and tech prowess to become the go-to fintech platform. Digital payments are expected to be the most benefited vertical within the fintech segment, and is forecast to reach US$19.4 billion by 2025. The partnership will allow more customers to use Waffarha to shop seamlessly via PayTabs Egypt's payment gateway platform, while sellers on Waffarha's platform can expand their market footprint by accessing a wider spectrum of clients across the country, particularly those who prefer to use credit cards, thereby accessing more customer segments. Being the first startup in Egypt with an Agent Banking License, Paynas integrates small and medium businesses into the financial system by digitizing their wage payments via Paynas's payroll cards issued in partnership with Banque Misr and powered by Visa which, in tandem with the Paynas app . Amidst this spurt of activity, here are 6 Egyptian fintechs to watch out for in 2021. With over 95 million people there's a huge pool for innovation. RIYADH: Egypt-based e-commerce financing platform FlapKap raised $3.6 million in a seed funding round by venture capital firms Outliers, A15 and Bolt by QED. The result is a growing need for financial inclusion . According to a report by Egyptian Ministry of Communications and Information Technology, the number of mobile users in Egypt was 96.22 million in the third quarter (Q3) of 2016. Fintech Egypt is a unified platform to foster and connect all Fintech ecosystem stakeholders, including Fintech startups, financial institutions, regulators, service providers, mentors and investors. RIYADH: Egypt-based e-commerce financing platform FlapKap raised $3.6 million in a seed funding round by venture capital firms Outliers, A15 and Bolt by QED. Investment initiatives Other notable startups in Egypt include Dopay, a cloud-based payroll service that allows digitalised payroll and grants employees a full banking experience without the account. Founded in 2015, liwwa has. This List of Popular Fintech Companies Egypt, provides an insight into the fintech industry in Egypt. The platform was launched earlier this week only in Egypt. In 2021, total investments in the sector reached $159 million compared to $37 million in 2020. According to Findexable's Global Fintech Rankings Report, Egypt is one of the top Middle East and African (MENA) fintech hubs. Last year, investments in the sector soared by 300%, and according to the platform on startups and venture investments Magnitt, fintech-led transactions activity among Egypt's startups accounted for 17% of the total deals closed. Shares. Paymob. Founder-centric in design, it supports early and growth stage entrepreneurs who are tackling financial inclusion and enables their success by offering a full-stack support ecosystem for fintech and fintech-enabled start-ups in Egypt and the Middle East and Africa Region. FINTECH Egypt's first 'save your money pay later' service - Sympl - launches new checkout platform Renowned Egyptian FinTech entrepreneurs launch country's first platform for customers, via merchants, to shop via short-term, fully interest-free, repayment plans Press Release October 17, 2021 FINTECH Fawry: Fawry is Egypt's chief digital transformation and E-payments platform giving financial support services to people involved in businesses. This included Disrputech, a $25 million fund led by Fawry's co-founder. Exits.me an Egypt-based fintech investment banking marketplace raised $1m in a pre-seed round. Telda. "Our rapid Egypt-based fintech investment platform Exits.me raises $1mln in pre-seed round Getty Images Exits.me was acquired initially by PIE a boutique M&A consultancy founded by Mohamed Aboul-Naga earlier this year Staff Writer, Daily News Egypt September 22, 2022 FINTECH EGYPT NORTH AFRICA TECHNOLOGY WEALTH MANAGEMENT INVESTMENT Founded in 2021, the fintech platform obtained initial approvals from the Central Bank of Egypt (CBE . Today, 1.7 billion workers are still paid in cash. It provides a lot of seamless . FL Brokers - A marca da excelncia no mercado imobilirio Get Inspired Egypt is dopay's first operating market. Egypt-based fintech investment platform Exits.me raises $1m in pre-seed round Exits.me aims to provide investment banking services in the MENA region through an automated online marketplace. SME payments platform Paymob provides a range of payment solutions and APIs. Mastercard has announced a strategic investment in Nclude, a fintech-focused VC investment platform launched in partnership with Egypt's leading national banks - Banque Misr, National Bank of Egypt and Banque Du Caire - to further boost Egypt's vibrant fintech ecosystem and support the country's digital transformation journey.The partnership will deepen financial inclusion across Egypt . 9th September 2021 OPay becomes Africa's latest fintech unicorn with $400m Series C round The Nigerian start-up says the new investment takes its valuation up to $2 billion. Hisham Okasha, Chairperson of the National Bank of Egypt (NBE), has announced the launch of a financial technology (fintech) platform. The company offers a platform to assist e-commerce growth for small and medium enterprises by providing inventory funding based on AI and financial analytics. Explore The Largest Collection of Funded Fintech Companies on the Planet. On the one hand, a very large segment of the population does not use traditional banking methods or is unbankable due to existing laws, regulations and rules. Around 9 million Egyptians are already being served by fintech and fintech-enabled startups. In the second part series, Michel Assaad, vice president of Europe, Middle East and Africa strategy at Citi Bank, outlines the trends that have emerged in Egypt's financial technology (fintech) space over the past year.The views expressed below belong solely to him and not his employer. Telda is a fintech platform that will innovate ways of spending money for Gen Z in the Middle East. Egypt's financial sector, not traditionally distinguished by its speed, is evolving fast. INVESTMENT INITIATIVES . The payroll company is looking to develop a digital banking platform in the country that will allow businesses to open accounts for unbanked . Key View Egypt is fast becoming a leading player in the MENA region in terms of fintech development, stimulated by the supportive environment created by the government. The figure makes Egypt the fourth largest country in fintech investments in Africa and the second largest country in the Middle East and North Africa (MENA) region, the report says, citing data from MENA-focused startup data platform Magnitt. March 21, 2022. London-headquartered fintech dopay has been granted an Egyptian banking agent license through Arab Banking Corporation Egypt (Bank ABC Egypt). Moreover, two-thirds of Egyptians are millennials under the age of 29 and they are very comfortable with making . The superapp Yalla was originally launched in Egypt by Egypt Post, as part of the ministry's strategy to have a "digital Egypt". In addition, the cabinet converted the historic Central Bank of Egypt building into a fintech hub and launched the Fintech Egypt platform. Egypt's fintechs want more from the banks - more support, more partnerships and more funding - and there are clear signs that the industry is starting to deliver. The round was led by Nclude by Global Ventures, a new FinTech fund from Egyptian national banks Banque Misr, National Bank of Egypt and Banque du Caire, and Global Ventures, a MEA . It includes the launch of Fintech Egypt platform and conversion of historic Central Bank of Egypt building into a fintech hub. Dayra is the fastest and easiest way ever to send money in Egypt. For vulnerable segments of the population, access to and use of basic financial services is critical for poverty reduction, increased resilience, and improved economic growth. Its product suite includes online payments, digital wallets, mass payouts, subscriptions, and POS solutions, amongst others. But Egypt did land its first fintech unicorn, Fawry, last August, a year after its initial public offering (IPO). Cairo, Al Qahirah, Egypt . The round was co-led by Tiger Global, BECO Capital and Prosus Ventures, in addition to participation from Base Capital, first-minute and existing investors Endure Capital, 4DX Ventures, Raba Partnerships and JIMCO. It has also introduced a fintech regulatory sandbox to allow startups and founders to test their fintech ideas in a controlled environment. Investing in fintech in Egypt is very attractive because there is huge demand for disruptive payment and financial solutions. Fawry offers an appropriate and dependable way to clear bills and other financial transaction services through multiple channels, including online, ATMs, mobile wallets, and retail points. Employers . Fintech ecosystem MNT-Halan lands $120m funding The Egyptian digital platform connects merchants and users who are typically excluded from financial institutions. Total funding: US$18.5 million. Fintech: Egypt. It includes the launch of Fintech Egypt platform and conversion of historic Central Bank of Egypt building into a fintech hub. The past 10 months have been eventful, exhausting and sometimes painful. Egypt-based credit app Lucky has scored $25m in a Series A round, which it claims is the largest of its type raised by a FinTech in the country. The coverage of the initial public offering (IPO) of Egypt's state-run fintech and electronic payment platform, e-finance, would reach 50 times by the end of Sunday's trading session in the . Fintech Egypt is a unified platform to foster and connect all Fintech ecosystem stakeholders, including Fintech startups, financial institutions, regulators, service providers, mentors. Fintech Egypt is a unified platform to foster and connect all Fintech ecosystem stakeholders. 1. The Co-Founder and former Chief Technology Officer, Ahmed Sabbah is back with his new gig Telda after leaving the Egyptian transportation startup last month. Digital payments is expected to be the most benefited vertical within the fintech segment, and is forecast to reach US$19.4 billion by 2025. Feloosy is another personal finance platform for saving money, and MoneyFellows offers credit access to unbanked Egyptians. Increase confidence for the investors locally and internationally and Promote Egyptian Fintech scene Eligibility Criteria: Within FinTech Scope Genuinely innovative Customer benefit In a real need for the regulatory Sandbox Mature solution, and ready for Sandbox testing Support digital transformation & Financial Inclusion initiatives 11th August 2021. It has also introduced a fintech regulatory sandbox to allow startups and founders to test their fintech ideas in a controlled environment. It includes the launch of Fintech Egypt platform and conversion of historic Central Bank of Egypt building into a fintech hub. liwwa Secures US$18.5M to Grow Its P2P Lending Platform and Expand in Egypt. We are a cross-industry initiative, intended to be a platform designed to facilitate collaboration between all market participants and stakeholders in the FinTech ecosystem. The number of mobile wallets has jumped to more than 14 million in October, surging by 17 per cent since March Alongside its first unicorn, Egypt also landed a host of local fintech-focused funds. Twitter | Facebook | Linkedin Learn more about their finances on Crunchbase Dayra. Cairo - Nexta, an Egyptian fintech platform, has secured $3 million in a financing round led by e-finance For Digital and Financial Investments, according to a recent press release. As a result, Egypt has attracted considerable investment from international venture capital firms, indicating widespread interest in Egypt's burgeoning fintech market. The company offers a platform to. 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