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valU, Majid Al Futtaim launch consumer finance product
valU, MAF partner on consumer finance: EFG Hermes’ buy-now-pay-later platform valU is partnering with Majid Al Futtaim (MAF) to introduce…
Meet our founder of the week: Paymob’s Alain El Hajj
OUR FOUNDER OF THE WEEK- Alain El Hajj, co-founder and COO Paymob (LinkedIn). My name is Alain El Hajj, and…
Cairo Angels expands outside of Egypt with investment in Kenyan fintech
Cairo Angels Syndicate Fund has made an investment in Kenyan fintech startup FlexPay, the VC fund announced in a statement…
E-commerce startup Teegara raises undisclosed bridge round
E-commerce startup Teegara has successfully closed a five-figure USD bridge round led by Alexandria Angels Network, with participation from new…
Here’s what local venture capital players think of the Egyptian government’s VC regs
VCs react to Egypt’s up-and-coming venture capital regulations: Last week, we spoke with four high-profile startup founders about the agreement…
First digital banking licenses to be issued in coming weeks
WATCH THIS SPACE- The CBE is getting ready to hand out its first digital banking licenses, according to bank sub-governor…
MSCI adds EFG Hermes to global standard index, e-Finance enters small-cap index
MSCI tweaks Egyptian firms included in its global indices: EFG Hermes has been added to MSCI’s standard equities index from…
Amazon invests in EFG Hermes; could swap for >4% stake in valU at current USD 235 mn valuation
Amazon snaps up EFG GDRs, with option to swap for valU shares: Amazon has agreed to purchase USD 10 mn…
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