Because everybody is either a startup or a VC, right? Raya Holding has earmarked EGP 100 mn to invest in a new fintech-focused venture capital fund as an anchor investor, according to a disclosure to the bourse (pdf). The fund — which Raya says is being set up by an unnamed “prominent fund manager” — will also invest in regional startups in the e-commerce, e-learning and distribution sectors. The company provided no further details.

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