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Egypt-born AI firm Intella has closed a USD 12.5 mn oversubscribed Series A round led by Prosus, with participation from 500 Global, Wa’ed Ventures, Hala Ventures, Idrisi Ventures, and HearstLab, according to a company statement (pdf).
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Intella? Founded in 2021, the startup bills itself as the region’s “first real-time intelligence provider.” It provides a suite of AI-powered services, “offering enterprise-grade transcription, analytics, and AI-powered customer engagement tools tailored to more than 25 dialects.”
Where is the money going? The new capital will support the rollout of Ziila, Intella’s Arabic-first conversational AI agent, alongside its analytics platform intellaCX, creating an integrated product suite for customer engagement. It will also fund the expansion of commercial teams in Egypt and Saudi Arabia to meet rising demand from banks, telecom operators, and government agencies. A portion of the funding will be directed to research and development aimed at improving dialectal understanding and increasing Intella’s accuracy lead over global competitors.
What they said: “This round is a catalyst for our product roadmap. Our models already set the benchmark for Arabic accuracy. Now, we’re focused on building truly intelligent, Arabic-first conversational agents capable of multi-turn dialogue and contextual understanding — redefining how enterprises engage with their customers,” Co-Founder and CTO Omar Mansour said.
MUNIFY RAISES USD 3 MN TO EXPAND INTO NEW MARKETS-
Egyptian fintech Munify has raised USD 3 m in seed funding led by Y Combinator, with participation from BYLD and DCG, the startup said in a statement.
Munify? Founded in 2024, the startup enables instant, low-cost transfers to Egypt and provides freelancers, remote workers, and businesses with access to US bank accounts, debit cards, and tools to manage currency risk.
Where’s the money going? Munify will use the funds to build its cross-border digital bank for Egyptians abroad, scale its engineering and compliance teams, strengthen regulatory and banking partnerships, and expand into new markets.
What they said: “We’re building the infrastructure to make global banking and payments radically more accessible for Egyptians, wherever they live,” founder Khalid Ashmawy said.
