Khazna, Egypt’s digital banking app has closed $16 million round to further fuel its growth by applying for a digital banking license in Egypt and advancing its expansion into the Saudi Arabian market. The pre-Series B round was from SANAD...

Egypt-based fintech Khazna, Egypt-based fintech Khazna has expanded its services into Saudi Arabia in partnership with Khwarizmi Ventures. Launched in 2020 by Omar Saleh, Ahmed Wagueeh, Fatimah El Shenawy, and Omar Salah, Khazna aims to serve underbanked Egyptians who have little access...

Khazna, an Egyptian financial super app that provides underserved consumers and microbusinesses with simple, technology-driven financial services, has announced that it has received final approval from the Central Bank of Egypt (CBE) to launch its Khazna Card in partnership...

Khazna, a Cairo-based financial Super App that offers easy to use, technology-driven financial services to Egypt’s underserved consumers and micro-businesses, announced today it has raised a Series A round of $38 million in equity and debt, with the equity...

Khazna, Egypt’s leading financial super app, has partnered with ADIB Egypt & Masria Digital Payments (MDP), to launch “Khazna Card”, the first of its kind Meeza prepaid card, linked to Khazna’s Super App to empower Egypt’s labor force by...

Egyptian fintech and e-commerce ecosystem MNT-Halan has secured up to $400 million in equity and debt financing from local and global investors as it continues to serve underbanked and unbanked customers in the North African country. The round includes $260...

Algebra Ventures, an Egyptian venture capital fund, has finalized a $100 million first close of its second Egypt-dedicated fund, exceeding the targeted $90 million fund - its biggest to date.  Algebra’s second fund is backed by established institutional investors. Existing...

Egypt's largest national banks – Banque Misr, National Bank of Egypt, and Banque du Caire – and Global Ventures, a leading MEA-focused venture capital firm – announce the launch of Nclude by Global Ventures, following approval by the Central Bank...

Seven African startups are among the eight selected to participate in the inaugural cohort of the  Last Mile Money Accelerator, a four-month program funded by the Bill and Melinda Gates Foundation and managed by IDEO. The Last Mile Money Accelerator's aim is...

Algebra Ventures, Egypt’s leading VC firm, early this month announced the launch of its $90M second fund, dedicated to investing in Egyptian startups with an allocation for the bigger MEA region. Algebra Ventures II is targeting a first closing...