ICYMI fintech funding round-up: Outgo, Mifundo, Mesa, Simpler, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Egypt
Egypt’s Commercial International Bank names Tony Prestedge as executive board advisor
CIB Egypt has also announced a new CEO and non-executive chair of the board.
Paymob secures $22m Series B extension to continue GCC roll-out
The Cairo-based paytech has now raised $72 million in Series B funding.
ICYMI fintech funding round-up: Layer2, Qardy, United Fintech, Minos, and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
Egypt’s MNT-Halan expands into Turkey with acquisition of Tam Finans
The move comes after the Giza-based firm announced a $157.5 million funding round last week.
July 2024: Top five fintech funding rounds of the month
FinTech Futures takes a look back at five of the top funding rounds to take place over July.
Egypt’s MNT-Halan raises $157.5 million, plots regional expansion
The international expansion will be aided by both M&As and partnerships.
ICYMI fintech funding round-up: Dopay, Wamu, Mifundo, Papaya and more
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ICYMI fintech funding round-up: Ximple, Hero, Curve, Chift and more
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A handy round-up of the recent funding endeavours of fintech companies across the globe.
EFG Hermes snaps up minority stake in AI digital wealth manager Kenzi Wealth
EFG Hermes has also signed an MoU with Kenzi to enhance its EFG Hermes One trading platform.
ICYMI fintech funding round-up: Ekko, Layer, MNZL, Panax and more
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ICYMI fintech funding round-up: Fundcraft, Volta, Swypex, SAVR and more
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ICYMI fintech funding round-up: Fintoc, Bokra, RockFi, Bump and more
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ICYMI fintech funding round-up: Tuum, DigiMaaya, Youverify, Trampay and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Egypt’s Alexbank partners Mastercard to advance payments strategy
The partnership will focus on expanding Alexbank’s acquiring business and credit card base.
ICYMI fintech funding round-up: Prometeo, Zeal, Detected and Finbridge Global
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Codebase launches BaaS solution in Egypt with Visa and eFinance
The BaaS model will enable Egypt’s non-bank firms to integrate banking services into their product lines.
Egypt’s KashNow partners Sandah to provide small businesses with access to financing
Small businesses will now be able to submit loan applications through the KashNow app.
BKN301 names Mahesh Paolini-Subramanya as new CTO
He joins BKN301 Group from Klar, a digital bank in Mexico, where he served as CTO for a year.
Egypt Post meets SME financing capabilities with Qardy partnership
Qardy will provide its financing services to Egypt’s SME community through Egypt Post’s numerous post offices.
Egypt’s Taly taps BPC to power digital payment services
Taly aims to broaden financial inclusion and boost digitalisation in the country.
Egypt’s Faisal Islamic Bank taps iGCB to power its digital banking services
The bank will deploy iGCB’s cloud-native CBX Retail (CBX-R) solution.
Egypt’s Banque Misr inks payments partnership with Mastercard
The partnership will see Mastercard equip Banque Misr with the latest digital payment technologies.
Copal launches Egypt’s first family payments app with Mastercard
Copal aims to provide a “seamless and innovative” cashless payments experience for all family members.
Egyptian fintech MNT-Halan lands $400m investment
MNT-Halan claims it is the largest investment across Egypt and the Middle East over the past 12 months.
Fintech Galaxy snaps up Egypt’s Underlie to boost regional open finance
Fintech Galaxy will leverage Underlie’s open banking APIs expertise to speed up market penetration in Egypt.
Egypt’s Banque Misr lands $160m from the African Development Bank to finance SMEs
The loan consists of a $130m credit facility and $30m from the Africa Growing Together Fund (AGTF).
Egyptian consumer credit start-up Blnk lands $32m in funding
Blnk’s lending platform enables merchants to underwrite and finance customers’ purchases at the point of sale.
Egyptian fintech Money Fellows lands $31m Series B funding
The new funds will be put towards product development and international expansion across Africa and Asia.
Egyptian fintech Telda lands $20m seed funding
The round was led by Global Founders Capital with participation from Sequoia Capital and Block.
Middle East and Africa fintech funding round-up: Julaya, erad, SecondSTAX and Exits.me
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Central Bank of Egypt in treasury management system overhaul with Profile Software
CBE, Egypt’s central bank and monetary authority, will implement Profile’s Acumen.plus treasury management system.
Africa fintech funding round-up: Pezesha, Duplo, SubsBase, Grey and Anchor
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Egyptian BNPL firm valU acquires employee management fintech Paynas
Paynas provides employee management and payment services to MSMEs.
ADCB Egypt partners Temenos to deliver digital payments
The deal will allow ADCB Egypt to adopt global payment standards such as ISO20022 and Swift GPI.
Egyptian B2B paytech Paymob raises $50m Series B
The Series B round, the largest fintech Series B in Egypt, was led by Kora Capital, PayPal Ventures and Clay Point.
MDI aims to become Egypt’s first fully digital bank
MDI aims to drive financial inclusion within Egypt.
Egyptian super-app Khazna secures $38m Series A round
Khazna has now raised a total of $47 million to date.
Egyptian credit fintech Lucky raises $25m Series A
The cash will go towards cementing Lucky’s position in the market and building out its credit offering.
