Four Egyptian startups were named finalists in Visa’s Everywhere Initiative, Disrupt Africa reports. On-demand valet parking app Rakna, ridesharing service Swvl, virtual reality startup VRteek, and bot-building platform WideBot are competing for a USD 25k prize that will be awarded to the top competitor in each of the categories. One of the companies will also get a chance to earn a further USD 50k as Visa’s overall champion. Visa expanded its Everywhere Initiative to MENA in June, with the program designed to encourage the development of fintech startups in the region.
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