Egypt Volanews

EGYPT FINTECH Fawry

Mohamed Okasha steps down as Fawry’s managing director to launch $25 million fintech fund The fund will invest in Egyptian fintech startups across different stages.

by MENAbytes

2020-03-27

EGYPT Information Security SecureMisr

SecureMisr acquired by Cysiv, a Trend Micro Group Company SecureMisr is a leading cyber security services provider, based in Cairo, Egypt and serving clients across the Middle East and Africa.

by magnitt

2020-03-25

EGYPT MARKETING Argineering

Argineering raises $400,000 for Its AI-powered interactive design lab After making waves in Europe, Argineering closes its seed round to develop a new AI and data driven feature.

by magnitt

2020-03-13

EGYPT FINTECH Khazna

Cairo-based Khazna raises seed funding to provide mobile financial services to underbanked Egyptians Khazna aims to provide mobile financial services to over 20 million underbanked Egyptian who it says are active smartphone users but have little access to formal financial services.

by MENAbytes

2020-03-09

EGYPT SaaS Garment IO

Egypt’s Garment IO raises $450,000 to help garment factories improve their productivity with real-time data The startup said that it offers both hardware and software as a service for a fixed fee per machine per month.

by MENAbytes

2020-02-27

EGYPT CUSTOMER SERVICE Bosta

Bosta lands 7-figure Series A investment from DPDgroup and Fawry Bosta leverages technology to empower and enable e-commerce businesses in Egypt, with the aim of being a one-stop-shop for delivery solutions.

by magnitt

2020-02-17

JORDAN FINTECH Liwwa

Amman-based Liwwa raises $6 million to fuel growth of its SME lending marketplace in Jordan and Egypt Liwwa plans to use the investment to fuel its growth in both Jordan and Egypt, the markets it Liwwa says in dire need for capital investment.

by MENAbytes

2020-02-14

EGYPT CUSTOMER SERVICE Elmenus

Egypt’s Elmenus raises $8 million Series B to expand further into food delivery Founded in 2011 by Amir Allam, Elmenus (as its name suggests) had initially started as a food discovery platform with the aim to help users discover restaurants and menus online.

by MENAbytes

2020-02-04

EGYPT Homzmart E-COMMERCE

Homzmart, an Egyptian-based online home furnishing marketplace raises $1.3M Seed Homzmart aims to focus on the home furnishing sector in MENA region.

by magnitt

2020-02-04

EGYPT SOFTWARE Wasla

Egypt’s Wasla wants to subsidise mobile internet for 500m emerging market users Egyptian startup Wasla aims to subsidise mobile internet access for over 500 million users in emerging markets over the next few years in the wake of a US$1 million funding round.

by disrupt-africa

2020-01-19

EGYPT ACCELERATOR enpact Egypt

Founders’ Support program concludes pilot cycle with ten tech-enabled startups in Egypt The ten startups were Furnwish, Leadership Factory, CUP, Raseedi, Pas-sport, Esorus, TechieMatter, AlMatjar, Clinprime and ElCoach.

by magnitt

2020-01-17

EGYPT Biotechnology Aspect Biosystems

Aspect Biosystems, a Canadian biotech startup co-founded and led by an Egyptian entrepreneur, raises $20 million Series A Endure Capital, the regional VC that has offices in Cairo and Palo Alto, that was one of the early backers of Careem, had participated in Aspect Biosystems’ previous funding rounds in 2016 and 2017.

by MENAbytes

2020-01-13

EGYPT ACCELERATOR The Cairo Angels

MINT Incubator’s Spring‘20 applications are now open for its intensive 3-month program MINT Incubator by EGBANK comes to you in partnership with The Cairo Angels, Egypt's first formal angel investment network, investing in and supporting early-stage startups in Egypt and across the MENA region.

by magnitt

2020-01-10

EGYPT Careem RIDE-HAILING

Egypt competition watchdog approves Uber acquisition of Careem with conditions The deal is expected to close in January, depending on regulatory approval in various territories of which Egypt is among the most significant.

by magnitt.com

2019-12-31

EGYPT Dayra FINTECH

Dayra, an Egyptian fintech wins $15,000 grant from Y Combinator’s Startup School Cairo-based fintech Dayra has won $15,000 grant from Y Combinator’s Startup School, becoming the first startup from the Middle East & North Africa to win it.

by MENAbytes

2019-12-31

EGYPT Industry Startups

The top 5 Egyptian startup sector developments of 2019 It has been coming for a while, but 2019 was the year when Egypt emphatically established itself as one of the heavyweights when it comes to tech on the African continent.

by disrupt-africa

2019-12-30

EGYPT ExpandCart E-COMMERCE

Agility Ventures invests in fast-growing e-commerce platform ExpandCart Company helps small businesses in MENA build online stores in minutes.

by magnitt

2019-12-30

EGYPT Glovo CUSTOMER SERVICE

Glovo, the everything delivery firm, raises $167 million, joins the unicorn club The firm joins the unicorn club with the close of this round, making it only the second privately held business in Spain to surpass a $1billion valuation.

by techmoran

2019-12-20

R2S EGYPT E-COMMERCE

A15 pumps 6-figure investment into Egyptian e-commerce delivery and logistics technology company R2S A15 unlocks the potential of e-commerce ecosystem through its investment in R2S.

by magnitt

2019-12-19

EGYPT VC INVESTMENT

AUC Angels network launched in Cairo, makes first investments AUC Angels plans on investing US$500,000 in between five and seven startups in 2020.

by disrupt-africa

2019-12-18