{"id":542942,"date":"2022-01-25T03:57:44","date_gmt":"2022-01-25T03:57:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/dsquares-is-not-looking-to-launch-a-spac\/"},"modified":"2022-01-25T03:57:44","modified_gmt":"2022-01-25T03:57:44","slug":"dsquares-is-not-looking-to-launch-a-spac","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/dsquares-is-not-looking-to-launch-a-spac\/","title":{"rendered":"Dsquares is not looking to launch a SPAC"},"content":{"rendered":"

<\/a> FACT CHECK- Loyalty services provider <\/strong>Dsquares is not looking to create a<\/strong> SPAC<\/strong>, founder and CEO Marwan Kenawy tells us, denying a report from Al Shorouk we picked up<\/a> yesterday.<\/p>\n

Though cross-border acquisitions could be in the cards:<\/strong> \u201cWe are looking at possible acquisitions in other countries, but a SPAC or IPO is not in the plan at this point,\u201d Kenawy says.<\/p>\n

Dsquares is focused on scaling at a global level and launching new products.<\/strong> \u201cWe are expanding in the Middle East, Africa and Europe,\u201d Kenawy told us. The company is already present in Egypt, Jordan, UAE, KSA, Romania, Kenya, and Tanzania, and is working with multinational companies including Vodafone and MasterCard.<\/p>\n

The company is currently working on an Egypt-wide citizen engagement <\/strong>project with Prime Business Consulting<\/a> to provide citizens with loyalty incentives for using the government\u2019s online and offline products. This includes, for example, encouraging people to renew their driver\u2019s license online or pay their electricity bills on time. The project is part of the government\u2019s digital transformation mandate and the first phase should launch by mid-2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

FACT CHECK- Loyalty services provider Dsquares is not looking to create a SPAC, founder and CEO Marwan Kenawy tells us, denying a report from Al Shorouk we picked up yesterday. Though cross-border acquisitions could be in the cards: \u201cWe are looking at possible acquisitions in other countries, but a SPAC or IPO is not in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[540,72,439,95],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542942","post","type-post","status-publish","format-standard","hentry","category-startup-watch","tag-dsquares","tag-enterpriseam","tag-spacs","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"fe2a6b72-c386-4a7f-a860-1d0ba655fa9c","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[542931],"teaser":"","voice_url":""},"yoast_head":"\nDsquares is not looking to launch a SPAC - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/dsquares-is-not-looking-to-launch-a-spac\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dsquares is not looking to launch a SPAC\" \/>\n<meta property=\"og:description\" content=\"FACT CHECK- Loyalty services provider Dsquares is not looking to create a SPAC, founder and CEO Marwan Kenawy tells us, denying a report from Al Shorouk we picked up yesterday. Though cross-border acquisitions could be in the cards: \u201cWe are looking at possible acquisitions in other countries, but a SPAC or IPO is not in […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/dsquares-is-not-looking-to-launch-a-spac\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-25T03:57:44+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/dsquares-is-not-looking-to-launch-a-spac\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/dsquares-is-not-looking-to-launch-a-spac\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Dsquares is not looking to launch a SPAC\",\"datePublished\":\"2022-01-25T03:57:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/dsquares-is-not-looking-to-launch-a-spac\/\"},\"wordCount\":189,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Dsquares\",\"EnterpriseAM\",\"SPACs\",\"Startup watch\"],\"articleSection\":[\"Startup watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/dsquares-is-not-looking-to-launch-a-spac\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/dsquares-is-not-looking-to-launch-a-spac\/\",\"name\":\"Dsquares is not looking to launch a SPAC - 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Dsquares is jumping on the SPAC train: Loyalty services provider Dsquares is looking to establish a special-purpose acquisition vehicle (SPAC) and is currently working on\u2026","rel":"","context":"In "EGX WATCH"","block_context":{"text":"EGX WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/egx-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/304.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":628263,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/ezdehar-acquires-strategic-stake-in-loyalty-and-rewards-player-dsquares\/","url_meta":{"origin":542942,"position":1},"title":"Ezdehar acquires strategic stake in loyalty and rewards player Dsquares","author":"enterpriseam admin","date":"28 June 2018","format":false,"excerpt":"M&A WATCH- Ezdehar closes acquisition of \u2018strategic\u2019 stake in loyalty programs provider Dsquares: Our friends at Ezdehar Management have completed the acquisition of a strategic stake in in digital marketing and IT solutions firm Dsquares, the company said in a press release. \u201cWe are excited to back the Dsquares team\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601906,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/algebra-ventures-ezdehar-management-partner-to-invest-in-dsquares\/","url_meta":{"origin":542942,"position":2},"title":"Algebra Ventures, Ezdehar Management partner to invest in Dsquares","author":"enterpriseam admin","date":"13 March 2019","format":false,"excerpt":"INVESTMENT WATCH- Our friends at Algebra Ventures and Ezdehar Management have invested in loyalty solutions provider Dsquares, according to an emailed statement (pdf). The investment comes as Dsquares gears up to launch a new B2C consumer-tech product. With the launch of the app an a \u201cstrategic partnership with Algebra Ventures,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/100.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575163,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/05\/lorax-capital-in-talks-to-acquire-ezdehars-stake-in-dsquares\/","url_meta":{"origin":542942,"position":3},"title":"Lorax Capital in talks to acquire Ezdehar\u2019s stake in Dsquares","author":"enterpriseam admin","date":"5 October 2020","format":false,"excerpt":"M&A WATCH- Has Ezdehar found a buyer for its stake in Dsquares? Lorax CapitalPartners is reportedly looking to acquire Ezdehar Egypt Mid-Cap Fund\u2019s 22.5% stake in loyalty services provider Dsquares, the local press reports, citing sources with knowledge of the matter. The sale could be worth more than double what\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567727,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/06\/lorax-capital-acquires-significant-minority-stake-in-dsquares-in-first-investment-by-its-new-fund\/","url_meta":{"origin":542942,"position":4},"title":"Lorax Capital acquires \u201csignificant\u201d minority stake in Dsquares in first investment by its new fund","author":"enterpriseam admin","date":"6 December 2020","format":false,"excerpt":"Lorax Capital Partners has acquired a \u201csignificant\u201d minority stake in loyalty services provider Dsquares through its LCP Fund II, the private equity outfit said in a statement (pdf), without specifying the size of the stake or the value of the investment. The acquisition includes Ezdehar Egypt Mid-Cap Fund\u2019s 22.5% stake,\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/91.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575122,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/ezdehar-egypt-mid-cap-fund-plans-to-exit-dsquares-two-other-companies-within-6-months\/","url_meta":{"origin":542942,"position":5},"title":"Ezdehar Egypt Mid-Cap Fund plans to exit Dsquares, two other companies within 6 months","author":"enterpriseam admin","date":"4 October 2020","format":false,"excerpt":"M&A WATCH- Ezdehar Egypt Mid-Cap Fund is looking to sell its stake in customer loyalty card company Dsquares within the next six months, founding partner Emad Barsoum told Al Mal. 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