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Disruptech to invest USD 5 mn in fintech startups this year
STARTUP WATCH- Disruptech plans to invest USD 5 mn in fintech startups this year, founder Mohamed Okasha tells Al Mal.…
Fintech
Central Bank of Egypt to finance purchase of 100k POS machines this year
CBE finances purchase of 100k POS machines: The Central Bank of Egypt (CBE) said it will finance banks’ purchase and…
FinMin is pushing for online customs payments
FinMin pushes online customs receipt submissions, payments: The Finance Ministry is looking to introduce electronic customs payments through state-owned e-Finance’s…
Egypt-led fintech startup Tribal Credit joins Visa’s Fintech Fast-Track program
STARTUP WATCH- Tribal Credit, a Silicon Valley-based fintech startup co-founded by two Egyptian entrepreneurs, has joined Visa’s Fintech Fast-Track program,…
Digital lender Shahry raises USD 650k in pre-seed funding
STARTUP WATCH- Digital lender Shahry raises USD 650k in pre-seed funding: Cairo-based digital lender Shahry has secured USD 650k in…
Brimore raises USD 3.5 mn in pre-series A investment
STARTUP WATCH- Cairo-based social commerce platform Brimore has raised USD 3.5 mn in a pre-series A funding round led by…
Egyptian fintech fund Disruptech planning to invest 15-18 startups over 3 years
STARTUP WATCH- Fintech fund Disruptech plans to invest an unspecified amount in 15-18 startups over the next three years, founder…
Latest draft of the Banking Act is set to go to the House today; includes 1% industry development tax, appears to scrap proposed term limits on bank MDs
LEGISLATION WATCH- Latest draft of the Banking Act is set to go to the House today; includes 1% industry development…
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