Product Launch

OPay Gets Initial Approval to Issue Prepaid Cards in Egypt

OPay, the African payment firm, has announced that the Central Bank of Egypt has granted it the initial approval to

Pylon
Funding Investment

Egypt’s Pylon Secures $19m Seed Funding Round

Pylon, an Egyptian infrastructure management platform for water and electricity companies in emerging markets, has raised a $19 million seed

Sprints
Edtech Funding Investment

Egypt’s Sprints Closes $1.2m Seed Round Led by Alexandria Angels Network

Sprints, an Egyptian edtech startup, has raised $1.2 million in a seed round led by Alexandria Angels Network as well

Algebra Ventures
Venture Capital

IFC Invests $15m in Algebra Ventures to Support Egyptian Tech Startups and Drive Innovation

The International Finance Corporation (IFC) has announced an investment in the second fund from venture capital firm Algebra Ventures to

O7 Therapy
Health

Egypt’s O7 Therapy Secures $2.1m Seed Round Led by Hikma Ventures

O7 Therapy, an Egyptian psychoytherapy start up, has secured a $2.1 million seed round led by Hikma Ventures with the

Swvl
Business Ride-hailing

Egyptian Bus-hailing Firm Swvl Commences Trading on Nasdaq

Swvl, the Egyptian mass transit and shared mobility services provider, has begun trading on the Nasdaq. The firm’s co-founder and

Khazna
Financial Services Fintech

Egypt’s Khazna Closes $38m Series A in Equity and Debt Funding Round

Khazna, an Egyptian fintech startup, has raised a $38 million series A in equity and debt funding round. The equity

Funding Investment Venture Capital

Egypt’s Xpovi Secures $300k Pre-seed Funding

Xpovi, an Egyptian robo-advisory startup, has closed a $300,000 pre-seed round to scale-up its autonomous financial and business planning services.

Health Investment Venture Capital

Egypt’s Otida Raises $340k Pre-seed Funding to Alleviate Pains of Diabetes

Otida, an Egyptian healthtech startup, has completed a $340,000 pre-seed funding round led by LoftyInc Capital. The round was joined by

Eksab
Funding Investment Venture Capital

Egyptian Fantasy Football Startup, Eksab Closes $3m Seed Round

Eksab, an Egyptian fantasy football startup, has raised a $3 million seed investment round led by 4DX Ventures. The round