Kashat is now available almost everywhere in Egypt

The region’s first nano-financial services provider, Kashat, has launched in nine new governorates in Egypt, the company said in a press release (pdf). The company is now operating in 24 of the country’s 26 governorates, putting its services in reach of 100.4 mn people. Kashat has raised its loan limit to EGP 2k to accommodate more of the country’s unbanked population. Kashat users can also now withdraw and repay their loans through all telecom and bank e-wallets available in Egypt, according to the statement.

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Dubai-based foodtech startup Grubtech has partnered with Saudi SME fintech player Geidea to provide POS services in Egypt. Grubtech launched in Egypt in June. (Statement)