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Innovative AI-Driven Startups Boost Business Ecosystem in Egypt

Egypt businesses are harnessing artificial intelligence to serve local communities in many aspects. The future of AI startups in Egypt looks bright, with robust investments, growing interest from the international tech network, and supportive government policies. Here’s how AI-driven startups enhance the thriving business ecosystem in Egypt.

Artificial intelligence is one of the fastest-developing technologies in the modern world. It is widely used to automate typical and routine business operations. Therefore, numerous startups are working tirelessly to bring the benefits of this innovative technology to businesses and consumers. 

Egyptian AI startups are exploring the use of technology in healthcare, agriculture, fintech, e-commerce and transportation. AI’s creative and analytical potential helps to enhance diagnostics, boost financial inclusion and optimize logistic routes, among others. Let’s explore the most active startups in this space.

Elves

Having started as a virtual assistant service on Facebook, Cairo-based startup Elves developed into a full-fledged travel app providing itinerary planning, location insights, activities recommendations, as well as assistance with booking and reservations across Egypt, Turkey, Bulgaria, Spain, Greece and Portugal. During the Covid lockdowns, the firm shifted its focus to grocery shopping assistance and similar on-demand online and offline purchase services. The unique character of Elves’ offering is its harmonious combination of AI and human concierge capabilities. 

Synapse Analytics

The startup specializes in building AI and machine learning solutions for businesses to help them optimize their operations and decision-making processes. Synapse tools, reports, and platforms provide business executives with descriptive, predictive, and prescriptive analytics capabilities that overlook their entire operation cycle. Its offerings range from AI credit scoring to EKYC, microfinancing, text extraction, surveillance analytics, SME and consumer lending decisioning tools. Synapse Analytics also has a qualitative research arm called techQualia focused on AI research and awareness-raising media content.

DXwand

DXwand initially launched to provide SMEs with a customer-centric chatbot tailored for sales over social media platforms. Today, the AI-driven firm’s platform offers more than multilingual digital assistants and chatbots. DXwand AI solutions enable businesses to streamline and automate their customer service conversations as well as unlock actionable business insights from the unified conversational search across all enterprise systems. Among the core features of the solution are cognitive and general AI services, a combination of LLMs and traditional NLP techniques, LLM knowledge mining capability, automated evaluation, and robust governance.

Convertedin

Convertedin is a marketing operating system for e-commerce, which leverages data and shopping insights to create personalized multi-channel marketing tools able to boost customer engagement and maximize ROI. The system addresses a pain point in e-commerce decision-making, which is vast amounts of fragmented data that need to be unified and analyzed collectively to drive informed decisions and growth. The startup offers automated AI crafts copies, videos, and designs tailored for different marketing platforms and customized per brand needs and values. It serves businesses in MENA and Latin America. 

Sprints AI

The startup aims to bridge the tech talent gap by providing upskilling and training services in software testing, mobile and web development, embedded and cloud systems, AI & data science, and more. Businesses can also hire talent on the platform as well as opt for remote team management services. Educational masterclasses and bootcamps are available not only for businesses but also for government agencies that wish to empower their staff or citizens nationwide with updated tech skills for enhanced efficiency in emerging job roles. 

FabMinds

This DeepTech edutainment startup offers a creative ecosystem that includes an AI-powered WandDo app with interactive features allowing to design printable games, a 3D printer that enables practical realization of one’s ideas, and a community platform with 3D stories & models available in the library. The customers can upload their sketches or design their own games from scratch with the firm’s AI game editor, browse existing collections of 3D printable games, and play games in single or multiplayer modes. 

Intixel

Intixel uses artificial intelligence algorithms to empower radiologist diagnosing with an automated second-eye opinion and optimize their work efficiency. The startup also provides AI-powered flagging and prioritization of the scan worklist, so that radiologists can focus on high-risk patients. Its product is targeting medical imaging companies that can enhance their existing products and systems with AI. The benefits of Intixel solution include natural language processing (NLP)-based label extraction tools, annotation and labeling tools for radiological data, and more. The startup is also working on its own AI academy that will provide hands-on articles and videos for AI use in radiology.

Visual and AI Solutions (VAIS)

VAIS focuses on precision and climate-smart agritech addressing long-standing issues in an innovative, sensor-free, AI-based approach. The startup has developed a virtual field probing technology that provides ground and below-ground insights with sensor-level precision without using any ground sensors, drone/aircraft-mounted sensors or any hardware in the field. It is based on multi-spectral (optical, thermal, SAR, etc.) and multi-modal raw satellite data obtained from various data sources. Another VAIS product is Soil Moisture Monitoring (SMM) technology. It is also satellite data-based, enabling the estimation of rootzone soil moisture via AI analysis of surface level moisture data, soil information, in-situ measurements, elevation data, hydrological models, and meteorological models. 

MerQ

MerQ is a fintech that leverages AI for its virtual assistant platform. Its NLP tech stack can decipher both English and Arabic texts, including those written in Egyptian Arabic Slang. The startup offers credit card, loan, e-wallet, and account virtual assistants through Facebook Messenger and WhatsApp. MerQ aims to close the gap between financial institutions and their users, providing financial institutions with insights for better offerings. End customers in turn can get all the information they need to make informed decisions when choosing from different credit card, loan or account options at various banks and institutions. 

Roboost

Roboost is a logistics startup that provides AI-powered delivery SaaS solutions in Egypt, Saudi Arabia, Kuwait, Morocco, and Tunisia. Its offering includes pre-delivery technology, precision auto-dispatching, real-time dynamic fleet payroll, AI fleet control ensuring advanced fraud detection, and more. With its fresh $3 million investment, the startup aims to expand its footprint across the Mena region and diversify its offerings by transitioning into e-commerce and middle-mile solutions.

How AI Startups Enhance Egypt’s Business Segment

All the companies mentioned above, as well as numerous other AI players, contribute to the growth and development of Egypt’s business ecosystem. They drive innovation, enhance operational efficiencies, and foster a more competitive business environment. The rise of AI startups has created thousands of jobs in the country. Meanwhile, local businesses receive automation and analysis tools to offer products and services that meet the evolving needs of the market. The Egyptian government, in turn, actively supports the tech startup ecosystem through regulatory reforms and initiatives aimed at digital transformation and tech skills development.

Nina Bobro

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https://payspacemagazine.com/

Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.