Cairo-based Nawy, Africa's largest proptech platform, which combines property listings with brokerage services, raised a $52M Series A led by Partech Africa
For decades, buying property in Egypt meant navigating a fragmented real estate market, relying on personal networks …
Research: African startups raised between $2.9B and $4.1B total in 2023, down from $4.6B to $6.5B in 2022, with Egypt, Kenya, Nigeria, and South Africa leading
TechCrunch :
CB Insights: global fintech funding totaled $15B in Q1, up 55% QoQ, with Egypt-based MNT-Halan becoming the only unicorn, a first since the end of 2016
Global fintech funding totaled $15 billion in the first quarter of this year, growing 55% from the fourth quarter, according to CB Insights' latest State of Fintech report.
Egypt-based Telda, a money management and payments app, raised a $20M seed led by Sequoia and Global Founders, with Block and others participating
Tage Kene-Okafor / TechCrunch :
Dubai-based digital bank YAP has raised $41M as part of a Series A, and says it plans to expand into Saudi Arabia, Egypt, Pakistan, and Ghana
Alexander Cornwell / Reuters :
Egypt-based Paymob, which lets merchants accept digital payments online and in-store, raises a $50M Series B, bringing its total raised to $68.5M+
Tage Kene-Okafor / TechCrunch :
Egypt-based Thndr, an investing app for stocks and mutual funds in the Middle East and North Africa, raises a $20M Series A led by Tiger Global and others
The MENA region has about 400 million people with $500 billion in annual savings. But as a relatively young population …
Egypt's state-run e-payments company, E-Finance, rises 40% on its market debut, after raising $370M
Bloomberg :
Egyptian microfinance lending and payments service MNT-Halan raises $120M, as investors say it has 4M+ customers in Egypt and disbursed over $1.7B in loans
Patrick Werr / Reuters :
Egypt-based MaxAB, a B2B food and grocery delivery startup, raises $40M Series A led by RMBV
Globally, food and grocery delivery startups have been raising mega-rounds of late, especially those in Europe as the pandemic has given rise to more people ordering online more than ever.