STARTUP WATCH- Digital lender Shahry raises USD 650k in pre-seed funding: Cairo-based digital lender Shahry has secured USD 650k in pre-seed funding from the investment arm of Egbank, the company told MenaBytes. The company’s mobile app allows users to apply for virtual credit and use it to purchase products and set-up monthly installment plans with various online stores without leaving the app. Usage has grown by 100% month-on-month since its launch in July 2019 and currently has 15k users, co-founder Sherif ElRakabawy said.

Tags: