STARTUP WATCH- DigiFi Network raises pre-seed funding from Toronto based Loyal VC: Egyptian data-for-Wifi startup DigiFi Network has raised an undisclosed amount of pre-seed funding from Canadian venture capital firm Loyal VC to expand its operations and user interface, Disrupt Africa reports. The startup enables users to offer personal data from social media accounts to businesses in exchange for free Wifi access at their premises. DigiFi was founded by Ahmed Nassef and Mohamed Maher in 2019 after going through the Founder Institute accelerator program. The duo are reportedly looking to create a regional data hub for targeted digital advertising campaigns with the most recent round of funding.

Tags: