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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
Egypt’s Fawry mulls launching emerging tech investment arm in 2021
Egyptian e-payment giant Fawry is considering establishing a new company to invest in emerging technology startups and firms, CEO Ashraf…
EFG Hermes appoints Mohamed Gabr to head legal team
MOVES- EFG Hermes has appointed high profile corporate lawyer Mohamed Gabr (Linkedin) as general counsel and to provide strategic advice…
Fatura raises USD 1 mn in funding round led by Disruptech
STARTUP WATCH- Egyptian e-payments platform Fatura has raised north of USD 1 mn in its first 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…
Fawry MD resigns to set up USD 25 mn fintech investment fund
MOVES- Fawry MD resigns to set up USD 25 mn fintech investment fund: Mohamed Okasha has resigned from his position…
Fawry IPO preparations are underway, but date, size has yet to be set
IPO WATCH- Fawry IPO preparations are underway, but no confirmation on date, size: Preparations for an initial public offering by…