Munify, a Y Combinator Summer 2025 startup founded by ex-Microsoft and Uber engineer Khalid Ashmawy, has raised $3 million in seed funding to make remittances faster and cheaper while giving residents in Egypt access to U.S. banking services.
Currently, most African-based digital lenders rely heavily on working capital in the context of efforts to stimulate the growth of their own businesses, but at the same time, MoneyFellows startup has been able to implement a practice that few fintech industry players on the mentioned continent can do, lend billions of Egyptian pounds with virtually […]
Thunes, a global cross-border payments network, received all required regulatory approvals to finally expand to Egypt.
MNT-Halan, a fintech startup based in Egypt, has announced that it has managed to raise $157.5 million in investment funds.
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 […]
American fintech marketplace Ramses has Chris Skinner joining as a founding partner as it prepares to launch its business in Egypt and Sudan.
Swypex has secured a $4 million seed investment round, led by the renowned venture capital fund Accel.
In the bustling marketplaces and sprawling urban centers of Egypt, payment gateways, which serve as secure intermediaries for online transactions between companies and their customers, have become an indispensable tool. Their vital role is primarily due to their inherent ability to deter fraudulent activities and ensure that transactions are conducted smoothly and efficiently.
Insurtech is a rapidly developing segment of financial technologies. In Egypt, this sector is still in its early stages. However, that gives local insurtech providers even more opportunities to excel in the emerging market.
The Central Bank of Egypt has decided to increase the amount of money that can be withdrawn through payment service providers.
The family payments solution brought by Egypt’s digital payment provider Copal in partnership with Mastercard aims to drive financial inclusion by integrating underbanked youth into the formal economy
MNT-Halan, one of Egypt’s fastest-growing fintechs, has received $400m in fresh funding. After the completion of additionally discussed investments, MNT-Halan’s valuation will exceed $1 billion
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