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Infrastructure 
Brightskies, Alexandria University secures EGP 5 mn funding for electric buses
Startup Brightskies and Alexandria University have received EGP 5 mn in funding from the Information Technology Industry Development Agency (ITIDA)…
zVendo closes six-figure USD investment from EFG EV, others
E-commerce platform zVendo has landed a six-figure USD investment in a funding round led by EFG EV Fintech and several…
NowPay joins US accelerator Y Combinator’s winter 2021 cycle
Egyptian fintech startup NowPay has joined US startup accelerator YCombinator’s Winter 2021 funding cycle, Digital Boom reports. The startup will…
Fintech startup Dayra raises USD 3 mn in pre-seed funding round
Egyptian fintech startup Dayra has closed a USD 3 mn pre-seed funding round that includes both equity and debt financing,…
Food platform Koinz raises USD 4.8 mn in seed round
Egypt’s crowded online ordering segment just got a new competitor as delivery-turned-loyalty and engagement app Koinz reported raising a USD…
Foundation Ventures aims to invest EGP 30 mn this year from inaugural fund
VC firm Foundation Ventures is planning to invest around EGP 30 mn this year from its inaugural Egypt-focused fund, managing…
1 Trolley among the prizewinners in EBRD’s startup innovation challenge
Egyptian pick-up and delivery platform 1Trolley is the only MENA business among the prizewinners of the European Bank of Reconstruction…
MoneyFellows has its eyes on regional expansion
Egyptian fintech startup MoneyFellows has plans to expand its services to other MENA countries in the coming period, founder and…
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