Flat6Labs Cairo Announces First Closing of EGP100m Fund To Support 100 Egyptian Startups

MENA’S Flat6Labs has closed EGP100m Cairo fund to support over 100 Egyptian early stage-startups over the upcoming five years by providing seed funding of up to EGP 1mn per startup, training, mentorship... Read more »

Mastercard partners Bee to expand mobile wallets payments options in Egypt

Payments technology firm Mastercard has partnered with Egypt’s smart payment solutions provider Bee to expand mobile wallets payments options across the country. Bee allows mobile wallet users to pay directly through the... Read more »

Accommodation reservation firm Booking.com pleased with its growth trajectory in Africa

Booking.com, the global online accommodation reservation engine run by the Priceline Group is growing steadily in Africa with over 23,700 unique stays despite travel advisories and the continent’s reliance on seasonal wildlife... Read more »

Vezeeta, Egypt’s healthcare IT platform secures $5 million to expand regionally

Vezeeta, Egypt’s healthcare IT platform allowing automated physician, clinic and hospital bookings, has raised $5 million to expand across the MENA region. The funding round was led by UAE’s BECO Capital, Sweden’s... Read more »

Careem, Egypt’s Uber competitor raises $500 million led by Rakuten & Saudi Telecom

Careem, the ride-hailing service in the Middle East and North Africa has raised $500 million, of which $350 million is co-led by Rakuten and Saudi Telecom Company (“STC”), the largest telecom operator... Read more »

IFC to Invest $2 million into Egyptian startups though Cairo’s Flat6Labs

The International Finance Corporation (IFC), a member of the World Bank Group, has pledged up to $2 billion to Egypt in new investments over the next three years, underlining its support for... Read more »

1864 is a Fintech Startup Accelerator backed by Barclays Bank Egypt & Flat6Labs

 Flat6Labs in cooperation with Barclays Bank Egypt recently launched 1864 Accelerator Programme in a move to to qualify a new generation of entrepreneurs in Egypt through the adoption of creative ideas that... Read more »