Roomz.rent, Egypt’s first dedicated co-living platform, has secured pre-seed funding led by Qora71, the Hub7 ..Read More

Roomz.rent, Egypt’s first dedicated co-living platform, has secured pre-seed funding led by Qora71, the Hub71-based angel syndicate, with participation from regional angel investors. Founded in 2024 by Ahmed Mandour and Yasser AlSarrag, Roomz.rent offers furnished rooms on flexible leases, using AI-powered matching to pair tenants with compatible flatmates. The funding will support Roomz.rent’s expansion across Egypt, enhance platform capabilities, and fuel its growth into new urban markets across MENA. With over $100,000 in rental volume in just five months, Roomz.rent is building a modern, community-driven alternative to traditional city housing.
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• Co-living Platform

Egyptian fintech Octane raises $5.2M to scale AI-powered fleet expense platform across MENA Cairo-based fle ..Read More

Egyptian fintech Octane raises $5.2M to scale AI-powered fleet expense platform across MENA Cairo-based fleet-tech startup Octane has secured $5.2 million in a funding round led by Shorooq Partners, Algebra Ventures, and SC Holding. The capital will fuel the expansion of Octane’s acceptance network, enhance its AI capabilities for fraud detection and route optimization, and support regional growth across Egypt and the broader MENA region. Octane’s closed-loop digital wallet simplifies and consolidates on-road fleet expenses—fuel, maintenance, petty cash—into one platform, delivering real-time control, cost savings, and operational transparency to over 1,600 clients managing 250,000 vehicles. With a growing footprint across 2,800 fuel and CNG stations, Octane is redefining enterprise mobility payments in the region.
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• Fintech

Egypt-based fintech, ElGameya secured a 7-figure USD investment round led by AYADY for Investment and Developm ..Read More

Egypt-based fintech, ElGameya secured a 7-figure USD investment round led by AYADY for Investment and Development, with participation from Jedar Capital, Cubit Ventures, Ventures Notes, P-Maestro, and various angel investors. The capital was allocated to scale the company’s reach and enhance product innovation. Previously, ElGameya raised a six-figure pre-seed round in 2020 led by AUC Angels, alongside Cairo Angels and Alex Angels.
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• Fintech

Cairo-based used-car platform Sylndr raised $15.7 million in a Series A equity round led by DPI Venture Capita ..Read More

Cairo-based used-car platform Sylndr raised $15.7 million in a Series A equity round led by DPI Venture Capital via the Nclude Fund, with backing from Algebra Ventures, Nuwa Capital, Raed Ventures, and others. The funds were allocated to boost expansion in Egypt, enhance pricing and fintech tools, and deepen industry partnerships. In November 2023, Sylndr also secured a $7.46 million capital facility to support its business model.
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• Autotech

EFG Finance, part of EFG Holding, approved the acquisition of its B2B platform Fatura by MaxAB-Wasoko, becomin ..Read More

EFG Finance, part of EFG Holding, approved the acquisition of its B2B platform Fatura by MaxAB-Wasoko, becoming a major shareholder in the combined entity and securing a board seat. The deal strengthened EFG’s fintech footprint across Africa. Fatura’s integration expanded MaxAB’s retail network, enhancing product variety, logistics, and embedded financing, while contributing significantly to Egypt’s revenue and supporting the group’s broader pan-African growth strategy.
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• Fintech

Cairo-based investment platform, Thndr raised $15.7 million in a funding round led by Prosus, with participati ..Read More

Cairo-based investment platform, Thndr raised $15.7 million in a funding round led by Prosus, with participation from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris, bringing its total funding to $37.76 million. The capital was earmarked to drive Thndr’s regional expansion, particularly into the UAE and Saudi Arabia, following its licensing and service rollout in the UAE via ADGM’s FSRA.
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• Fintech

Egypt-based proptech, Nawy, raised $52 million in a Series A equity round led by Partech, with backing from e& ..Read More

Egypt-based proptech, Nawy, raised $52 million in a Series A equity round led by Partech, with backing from e& Capital, March Capital, VKAV, DPI via Nclude, and others. It also secured $23 million in debt from major Egyptian banks to support its mortgage offering, Nawy Now. The funding was allocated to expand across MENA, upgrade its AI tech stack, and launch new verticals.
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• Proptech

Egypt-based edtech platform, Career 180 secured a six-figure investment from US-based Den VC to support its re ..Read More

Egypt-based edtech platform, Career 180 secured a six-figure investment from US-based Den VC to support its regional expansion. Backed by Value Makers Studio (VMS), the company announced its entry into Saudi Arabia. The funding was aimed at scaling its SaaS-based Learning Management System (LMS), localising Arabic content, and expanding operations across Saudi Arabia, Oman, and Malta to better serve unemployed youth and job seekers.
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• Edtech