Egypt-based fintech giant, Fawry, invested in Egypt-based fintech, Code Zone, acquiring a 51.0% stake to suppo ..Read More

Egypt-based fintech giant, Fawry, invested in Egypt-based fintech, Code Zone, acquiring a 51.0% stake to support its expansion in digital business solutions. The investment is part of a broader $1.6 million funding initiative aimed at strengthening Fawry’s position in Egypt’s fintech sector.
Read Less

• Fintech

Egypt-based leading fintech platform, Fawry, acquired a 56.6% equity stake in Egypt-based fintech, Virtual CFO ..Read More

Egypt-based leading fintech platform, Fawry, acquired a 56.6% equity stake in Egypt-based fintech, Virtual CFO as part of a $1.6 million investment across three fintech firms. The move aligns with Fawry’s efforts to enhance its digital financial solutions and strengthen its “Fawry Business” ecosystem.
Read Less

• Fintech

Egypt-based fintech, Fawry, has invested in Egypt-based fintech, Dirac Systems, acquiring a 51.0% equity stake ..Read More

Egypt-based fintech, Fawry, has invested in Egypt-based fintech, Dirac Systems, acquiring a 51.0% equity stake. The investment is part of Fawry’s strategy to expand its business solutions ecosystem, “Fawry Business.” Founded in 2008, Fawry is Egypt’s largest e-payment platform, offering electronic bill payments, mobile top-ups, and digital financial services.
Read Less

• Fintech

Egypt-based B2B SaaS startup, Qme, secured $3 million in a seed funding round led by AHOY, with participation ..Read More

Egypt-based B2B SaaS startup, Qme, secured $3 million in a seed funding round led by AHOY, with participation from GCC-based angel investors. The investment supported Qme in enhancing its technology stack, expanding its operational reach, and strengthening partnerships.
Read Less

• SaaS

Egypt-born, Saudi Arabia-based social e-commerce platform, Taager, secured $6.75 million in a pre-Series B fun ..Read More

Egypt-born, Saudi Arabia-based social e-commerce platform, Taager, secured $6.75 million in a pre-Series B funding round led by Norrsken22. The investment will support its expansion in the Middle East. Previously, in 2021, Taager raised $6.4 million in a seed round led by 4DX Ventures, with participation from Raed Ventures and other investors.
Read Less

• Ecommerce

Egypt-based fintech, Khazna, closed a $16 million pre-Series B funding round with participation from SANAD Fun ..Read More

Egypt-based fintech, Khazna, closed a $16 million pre-Series B funding round with participation from SANAD Fund for MSME, anb Seed Fund, Aljazira Capital, Khwarizmi Ventures, Nclude, ICU Ventures, Quona, Speedinvest, and Disruptech Ventures. This follows its $38 million Series A round in March 2022. The new funding positions Khazna to apply for a digital banking license in Egypt and expand into Saudi Arabia.
Read Less

• Fintech

Egypt-based venture capital firm, Foundation Ventures, closed the first round of its $25 million fund, FVFII, ..Read More

Egypt-based venture capital firm, Foundation Ventures, closed the first round of its $25 million fund, FVFII, with backing from the Egyptian American Enterprise Fund (EAEF), the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), and Onsi Sawiris. Founded in 2018, Foundation Ventures focuses on early and growth-stage startups. The fund aims to support Egypt’s startup ecosystem and invest in promising African startups.
Read Less

Egypt-based CNC machine manufacturer, Simplex, secured $13 million in funding, led by Saudi Arabia-based Natio ..Read More

Egypt-based CNC machine manufacturer, Simplex, secured $13 million in funding, led by Saudi Arabia-based National Industrial Development Centre. Founded in 2013, Simplex provides industrial solutions to regional manufacturers across various industries. The investment will support the establishment of a factory in Riyadh dedicated to producing advanced CNC machines, marking a significant step in the company’s regional expansion and technological advancement.
Read Less

• Manufacturing