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Egypt’s New Financial Inclusion Strategy
The Central Bank of Egypt (CBE) has launched its Financial Inclusion Strategy 2022-2025, a national development plan focusing on expanding access to financial services, developing financial literacy...
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Egyptian Fintech MNT-Halan Gets Unicorn Badge With US$400 Million Raise
Egyptian fintech MNT-Halan announced that it has raised up to US$400 million in equity and debt financing, pushing its valuation to over US$1 billion. The funds came from Chimera Abu Dhabi which has...
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Flutterwave Secures Payments Licenses in Egypt for North Africa Expansion
Nigerian payments company Flutterwave announced that it has received its Payment Services Provider and Payments Facilitator licenses in Egypt. This will enable Flutterwave to collect payments on behalf...
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Egyptian VC Firm DisrupTech Ventures Bags US$5 Million Investment From Proparco
DisrupTech Ventures, an Egypt-based venture capital firm focused on fintech, has received a US$5 million investment from Proparco, a subsidiary of the Agence Française de Développement (AFD) devoted to...
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IFC Invests in New Private Equity Fund Targeting Financial Inclusion Startups...
IFC announced an investment in a new fund by Apis Partners LLP, a private equity firm, to help innovative mid-cap financial service providers expand and boost financial inclusion among individuals and...
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Egyptian Wealthtech Bokra Raises $4.6 Million Pre-Seed
Bokra, a Cairo-based fintech, announces the closure of its $4.6 million pre-Seed round led by DisrupTech Ventures, and SS Capital alongside other investors. The company aims to revolutionise wealth...
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The Top 13 Fintechs From Egypt
Forbes Middle East has released its annual selection of the Middle East’s top fintech companies, highlighting the 50 biggest and fastest-growing public and private fintech firms in the region. The 2024...
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Chris Skinner Co-Founds Fintech Startup in Egypt and Sudan
Ramses, an American Fintech startup, revealed its strategy for the upcoming period. The Company aims to establish its business model in Egypt and Sudan in 2024, while also focusing on expansion and...
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Egyptian Financial Management Platform Swypex Secures $4 Million Seed Round
Swypex announced its launch following a $4 million seed investment round, led by the renowned venture capital fund Accel. This marks Accel’s first fintech investment in the region. The investment also...
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Banks in Africa Embrace Cloud and AI to Enhance Customer Experience and...
In Africa, reliance on technology and digital platforms is rapidly growing. A new survey by Backbase, a Dutch engagement banking platform provider, reveals that banks are prioritizing digital...
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