The use of cards, particularly prepaid ones, is on the rise in Egypt, with over 30 million in circulation, thanks to incentives introduced by fintech companies and banks. However, adoption of corporate cards among businesses has been slow due to limited access and insufficient spending controls. Fintech firms like Swypex Read more…
Egyptian group-buying platform Waffarha has secured a significant seed funding round, allocating the funds to enhance its technology infrastructure, attract talent, and expand operations beyond Saudi Arabia. Founded in 2012 by Tarek Magdy and Noha Hamdy, Waffarha offers daily discounts of up to 90% through its website and mobile app. Read more…
Egyptian fintech startup MNT-Halan has achieved unicorn status with a $400 million hybrid equity-debt financing round, valuing the company at over a billion dollars. This marks Egypt’s entry into Africa’s elite unicorn club and reflects growing investor confidence in the country’s tech sector. MNT-Halan, founded in 2017, began as a Read more…
Egyptian fintech startup MNZL has raised $3.5 million in seed funding from prominent investors like P1 Ventures, Ingressive Capital, and LocalGlobe. Their unique approach, leveraging tangible assets for secure lending, attracted support from key players in the industry. MNZL aims to revolutionize lending not only in Egypt but across Africa Read more…