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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…
We still ♥ banknotes
Egypt is the world’s second most banknote-reliant country — and has the third highest percentage of unbanked citizens. Only 45%…
EFG Hermes, Universal Group to launch new ecommerce site
EFG Hermes and Universal Group are collaborating on a new ecommerce website that will allow the home appliance company to…
Sovereign fund eyeing a piece of Atyab? Plus: The latest on the Mogamma.
Sovereign fund looking to get in on ADQ’s acquisition of Atyab? The Sovereign Fund of Egypt (SFE) is reportedly mulling…
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…
Tamweely to provide loans through Egypt Post branches
Egypt Post has partnered with microfinance player Tamweely to disburse loans for microbusinesses through the former’s 4k branches across the…
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,…
What the markets are doing on 10 March 2021
GLOBAL M&A WATCH- It’s a record-breaking year for domestic M&A in China, with the country seeing USD 77.5 bn of…
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