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Adtech startup ArabyAds closes USD 30 mn pre-Series B round
Egypt-born adtech startup ArabyAds secured USD 30 mn in a pre-Series B round from pan-African investment platform AfricInvest, it said…
valU acquires PayNas
EFG Hermes’ consumer finance arm valU has acquired 100% of digital HR and payroll platform Paynas, valU said in a…
Kashat is now available almost everywhere in Egypt
The region’s first nano-financial services provider, Kashat, has launched in nine new governorates in Egypt, the company said in a…
Convertedin + Sharwa close funding rounds
Marketing startup Convertedin has closed a USD 3 mn seed round, it said in a press release picked up by…
Homzmart closes USD 23 mn pre-series B round
Homzmart just closed one of Egypt’s largest funding rounds this year: Furniture and home goods marketplace Homzmart has closed a…
Gov’t sees startups raising USD 850 mn this year, but it’s going to be a tough slog
Egyptian startups should reel in a combined USD 850 mn of investment by the end of 2022, Communications Minister Amr…
Cartona raises USD 12 mn series A funding
Egyptian B2B e-commerce platform Cartona has raised USD 12 mn in a series A round led by VC firm Silicon…
Outsourcing startup Stllr closes six-figure USD investment round
Egyptian outsourcing startup Stllr Network has closed a six-figure USD investment round from Silicon Valley VC 500 Global and angel…
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