Browsing: Egypt

Egyptian VC firm Acasia Ventures leads the pre-seed investment round in Balad, a remittance-focused fintech startup in Cairo.

DisrupTech Ventures, an Egyptian early-stage venture capital fund, raises USD 5 million from Proparco to support Egypt’s fintech sector.

Saudi-based employee and HR platform palm.hr aims to streamline HR processes for businesses across the MENA region.

Red Sea Wind Energy Consortium, majority owned by French multinational utility group Engie with a 35% stake, has reached a financial close for a new 500 MW Gulf of Suez wind farm in Egypt.

MENA startups raised USD 760 million in February, according to a report by Wamda and Digital Digest.

Hollydesk, an Egyptian expense management fintech, has raised USD 1 million in venture debt financing.

Egyptian healthtech startup Yodawy has raised USD 16 million in the first close of its Series B round from regional and international investors.

Gameball, a customer intelligence and marketing CRM, has announced that it has raised USD 3.5 million from regional and international investors.

MNT-Halan raises USD 400 million in equity and debt financing from international and regional investors, with more to come.

Paymob and Khazenly will support merchants in fully digitizing their operations as the result of a new strategic partnership.