Four Egyptian startups are among the second cohort of the Misk 500 Accelerator program, 500 Startups and Misk Innovation announced in a statement yesterday (pdf). Edtech platform OTO, sock manufacturer In Your Shoe, online construction platform El Mawkaa, and tech recruitment specialist Techie Matter are among the 20 MENA companies chosen for the program, which is currently underway in Riyadh. Each company will receive training and a USD 50k investment in return for giving 7% equity to 500 Startups’ regional fund, 500 Falcons.
More from Enterprise
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Gulf stock exchanges are growing in importance, but they’re still a long way from becoming capital market hubs -Fitch
The diagnosis lands in a year when UAE and Saudi…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…