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Mashreq to expand digital platforms in Egypt this year. PLUS: Trouble at Alfa Market, Elsewedy eyes interconnector in Southern Africa
We discussed the lender’s growth strategy with Mashreq Egypt country head and CEO Amr El Bahey this week
US crypto crackdown
Investors pulled more than USD 1.4 bn from Binance following the news
US regulator sues Binance alleging market manipulation, misuse of funds
Crypto markets have fallen deep into the red
Disruptech to invest USD 5 mn in local fintechs this year. PLUS: real estate in new cities, delayed customs clearance fees
A number of international investors have committed funds to the VC’s USD 36 mn fintech fund
valU, Telda partner up. PLUS: Tatweer Misr signs partnership deal to enter Saudi, FRS approves EGX futures clearing company
valU is also planning a fresh securitization transaction soon
Partment users can now access payment plans via valU
Partment is an online platform that allows people to purchase shares in a second home
E-Finance, Fawry report higher profits in 1Q 2023
Cloud hosting boom drives revenue growth
Fintech startup Axis launches following USD 8.3 mn funding round
The company is backed by Tiger Global, Sawari Ventures and Raba
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