Egypt
Paymob Extends Its Series B To US$72 Million With The Investments Of EBRD Venture Capital And Endeavor Catalyst
The extension round follows Paymob's continued profitability in its core market of Egypt having recorded six times revenue growth since the initial Series B funding in Q2 2022.
Fueling An Ecosystem: Meet 10 Of Egypt's Most Active Venture Capitalists
The most active investors in Egypt, purely based on the number of deals, are primarily local.
A Catalyst For Startup Growth: Flat6Labs, Egypt's Most Active Tech Investor
As one of the first seed and early-stage venture capital firms in the MENA, Flat6Labs has been instrumental in empowering thousands of entrepreneurs with daring ambitions, fundamentally nurturing the startup culture across the region.
Success Story: A Look At Fawry's Journey To Become Egypt's First Unicorn Startup
Fawry's journey to reaching unicorn status was a long one driven with strategic moves and focused vision, up until a landmark moment in 2019 when the company put 36% of its shares on the Egyptian Exchange (EGX).
Through Its Investments In Fintech Innovation And Financial Inclusion, Nclude Is Driving Egypt's Digital Transformation
Nclude has funded startups across fintech such as Paymob, Khazna, Lucky, and FlapKap, and it also has done investments in proptech, healthtech, foodtech, and agritech.
For Egyptian Startups Considering Expansion, Africa Might Be Where They Have A Competitive Edge
There are many markets in Africa that are looking increasingly attractive for Egyptian startups to not only compete in, but where Egyptian startups may have the competitive edge.
Egypt's Most Active Investors: Here Are The Global, Regional, And Local Players Fueling the Country's Startup Ecosystem
Egypt's investor landscape has a fair mix of local, regional, and international investors ploughing funds into the ecosystem.
How Egypt's MNT-Halan Went From Its Ride-Hailing Roots To Becoming A Payments Super App Unicorn In 2023
MNT-Halan offers loans, buy-now-pay-later (BNPL) options, e-commerce, and more through its payment-processing software Halan Neuron, as well as its digital cards and wallets.
The Impact Of Egypt's Currency Devaluation On Its Local Startups
Once economic woes coupled with a devalued currency regime environment is present, it has an inevitable knock-on effect on a country's startup ecosystem.
10 Graphs You Need To See To Understand Egypt's Startup Ecosystem
These modern-day dynasties are creating solutions that don't just serve Egypt, but reverberate across continents.
A New Report By Lucidity Insights In Partnership With Entrepreneur Middle East Takes A Deep Dive Into Egypt's Startup And Investor Ecosystem
Egypt is the MENA's most populous country, Africa's third most populous market, and the world's 15th most populous nation, being home to over 110 million inhabitants.
Cairo-Headquartered Beltone Holding Achieves Net Profit Of EGP514 Million In Q1 Of 2024
The company's consolidated financial and operational results for the period ending March 31, 2024 revealed remarkable growth.
Cairo-Headquartered Fintech Valu Launches Ulter, A Payment Program For Luxury Purchases
Ulter has the highest credit limit in the country, and offers flexible repayment plans spanning up to 60 months with no down payment, subject to the financed amount.
EFG Hermes ONE Becomes The First Financial Platform In Egypt To Receive Financial Regulatory Authority Approval For Its Digital Onboarding Process
With the introduction of this optimized digital onboarding process for investment portfolios up to EGP5 million, investors can now seamlessly register accounts on EFG Hermes ONE to trade on the Egyptian Stock Exchange.
Startup Spotlight: Egypt-Based NoorNation Offers Renewable Energy Solutions To The Nation's Underserved Areas
NoorNation's flagship product is LifeBox- a solar-powered mobile solution that offers clean electricity and safe water simultaneously for farming businesses.