Egypt’s fintech startups are growing in number, value, and specialization, writes Rana Freifer for Wamda. She says startups are getting more support for banks and the government and they are becoming more appealing to investors. “To sum it up, fintech in Egypt is growing in the right direction, slowly, but evolving… leveraging existing platforms and adding new products would be a good way to grow and validate models. It is also a must that startups expand their partnerships and collaborations, as working in isolation is very difficult.”
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…