Egypt-based loyalty solutions provider, Dsquares, acquired a majority stake in the B2B SaaS loyalty platform, ..Read More

Egypt-based loyalty solutions provider, Dsquares, acquired a majority stake in the B2B SaaS loyalty platform, Prepit, for an undisclosed amount. Founded in 2012, Dsquares specializes in tailored loyalty programs across multiple industries, while Prepit, founded in 2022, focuses on AI-driven solutions for F&B operations. The acquisition strengthens Dsquares' presence in the Middle East, reinforcing its expertise in key markets like Saudi Arabia, Egypt, and the UAE.
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• SaaS

Egypt-based logistics startup, Fincart.io, raised an undisclosed amount in a pre-Seed funding round, led by Pl ..Read More

Egypt-based logistics startup, Fincart.io, raised an undisclosed amount in a pre-Seed funding round, led by Plus VC and joined by Plug and Play, Orbit Startups, Jedar Capital, and other regional investors. Founded in 2023 by Mostafa Elmasry and Nihal Ali, the funds will be used to enhance Fincart's platform, expand its courier network, and support the e-commerce market in Africa and the Middle East.
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• Logistics

US-based Egyptian fintech MoneyHash raised $5.2 million in pre-Series A funding, led by Flourish Ventures, wit ..Read More

US-based Egyptian fintech MoneyHash raised $5.2 million in pre-Series A funding, led by Flourish Ventures, with participation from Vision Ventures, Arab Bank's Xelerate, Emurgo Kepple Ventures, and others, including Github founder Tom Preston-Werner. Founded in 2020 by Nader Abdelrazik, Mustafa Eid, and Anisha Sekar, MoneyHash offers a payment orchestration platform for enterprise merchants. The funding was directed toward expanding its presence in the MEA region. Earlier in 2024, the company secured $4.5 million in a Seed round co-led by COTU Ventures and Sukna Ventures.
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• Fintech

Egypt-based fintech, Raseedi, completed the acquisition of Kashat, which owns Pharos Microfinance S.A.E., in a ..Read More

Egypt-based fintech, Raseedi, completed the acquisition of Kashat, which owns Pharos Microfinance S.A.E., in an equity deal aimed at broadening its product offerings and introducing instant loans. Founded in 2018 by Ahmed Atalla and Samuel Samy, Raseedi provides underbanked users with services such as cheaper calls, saving tips, instant Airtime loans, and bill payments without requiring a credit history. Kashat, also founded in 2018 by Karim Nour and Sumair Farooqui, specializes in providing small loans to the financially excluded. Following the acquisition, Raseedi and Kashat announced plans to expand their fully digital solution across Africa and Asia to serve underbanked populations in these regions.
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• Fintech

Nawy, Egypt’s leading proptech platform, completed the acquisition of ROA, a company known for its innovativ ..Read More

Nawy, Egypt’s leading proptech platform, completed the acquisition of ROA, a company known for its innovative property management solutions. This strategic move laid the foundation for the launch of Nawy Unlocked, a service aimed at enabling property owners to generate income from underutilized or unfinished properties with ease.
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• Proptech

Egypt-based agritech ReNile secured $0.45M in investment from undisclosed investors. Founded in 2017 by Hazem ..Read More

Egypt-based agritech ReNile secured $0.45M in investment from undisclosed investors. Founded in 2017 by Hazem Eltawab, ReNile offers a full-stack solution for farmers, including monitoring systems, emergency alerts, control tools, and analytics for best farming practices through its online platform.
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• Agri-tech

Egypt-based logistics startup Nowlun raised $1.7 million in seed funding, led by Nama Ventures and A15, with p ..Read More

Egypt-based logistics startup Nowlun raised $1.7 million in seed funding, led by Nama Ventures and A15, with participation from Sanabil 500 Global and other angel investors. The funds will fuel Nowlun's expansion plans and accelerate the development of its platform.
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• Logistics

Saudi Arabia-based proptech, Ayen acquired Egyptian construction tech platform, Elmawkaa in a SAR seven-figure ..Read More

Saudi Arabia-based proptech, Ayen acquired Egyptian construction tech platform, Elmawkaa in a SAR seven-figure deal. The acquisition will integrate Elmawkaa’s construction materials marketplace into Ayen’s property evaluation platform, enhancing its offerings for real estate clients. This strategic move positions Ayen for expansion into GCC markets, supporting its growth trajectory and broadening its services across private and public sectors.
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• Contech
• Proptech