{"id":546124,"date":"2022-04-28T03:57:25","date_gmt":"2022-04-28T03:57:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/28\/khazna-card-gets-final-approval-from-the-central-bank-of-egypt\/"},"modified":"2022-04-28T03:57:25","modified_gmt":"2022-04-28T03:57:25","slug":"khazna-card-gets-final-approval-from-the-central-bank-of-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/28\/khazna-card-gets-final-approval-from-the-central-bank-of-egypt\/","title":{"rendered":"Khazna Card gets final approval from the Central Bank of Egypt"},"content":{"rendered":"

<\/a> Khazna<\/a><\/strong> has received final approval from the Central Bank of Egypt (CBE) for its <\/strong>Khazna card<\/a><\/strong>, a Meeza prepaid card launched in partnership with the Abu Dhabi Islamic Bank (ADIB) that will provide unbanked users access to the fintech startup\u2019s financial services, according to a statement (pdf)<\/a> out yesterday.<\/p>\n

Unbanked Khazna cardholders will be able to make withdrawals and deposits<\/strong>, online and instore purchases, and pay bills. It will also give users advance access to their wages, helping people to solve short-term cashflow issues between paychecks.<\/p>\n

Khazna provides online financial services to Egyptians who don\u2019t necessarily have a bank account<\/strong> through its salary advance app. Founded in April 2019, the Cairo-based startup landed an undisclosed amount of seed funding<\/a> in early 2020 from a group of investors led by Algebra Ventures. Khazna raised some USD 38 mn in equity and debt in a Series A led by Quona Capital with participation from Nclude<\/a>, the high-profile bank-backed fund run by the UAE\u2019s Global Ventures.<\/p>\n

LISTEN- Khazna CEO Omar Saleh joined us on The Enterprise Podcast<\/strong> with other fintech players and VCs to discuss the future of the industry. Listen to part one here<\/a> and part two here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Khazna has received final approval from the Central Bank of Egypt (CBE) for its Khazna card, a Meeza prepaid card launched in partnership with the Abu Dhabi Islamic Bank (ADIB) that will provide unbanked users access to the fintech startup\u2019s financial services, according to a statement (pdf) out yesterday. Unbanked Khazna cardholders will be able […]<\/p>\n","protected":false},"author":1,"featured_media":546125,"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":[7323],"tags":[469,72,183,1459,291,1783],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-abu-dhabi-islamic-bank","tag-enterpriseam","tag-fintech","tag-khazna","tag-meeza","tag-prepaid-cards","wpautop","entry"],"acf":{"mongo_id":"3d67b6a4-6a2f-4645-b7a5-3f553e013b15","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/4\/395.jpg","photo_position":"above","related_issue":[546112],"teaser":"","voice_url":""},"yoast_head":"\nKhazna Card gets final approval from the Central Bank of Egypt - 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\/04\/28\/khazna-card-gets-final-approval-from-the-central-bank-of-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Khazna Card gets final approval from the Central Bank of Egypt\" \/>\n<meta property=\"og:description\" content=\"Khazna has received final approval from the Central Bank of Egypt (CBE) for its Khazna card, a Meeza prepaid card launched in partnership with the Abu Dhabi Islamic Bank (ADIB) that will provide unbanked users access to the fintech startup\u2019s financial services, according to a statement (pdf) out yesterday. 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I studied computer engineering at Cairo University, and prior to co-founding Khazna, I worked with multinational corporations like Intel, Valeo, and IBM.Khazna, launched\u2026","rel":"","context":"In "Founder of the Week"","block_context":{"text":"Founder of the Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/founder-of-the-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/391.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545519,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/fintech-app-khazna-raises-usd-38-mn-in-series-a-funding\/","url_meta":{"origin":546124,"position":2},"title":"Fintech app Khazna raises USD 38 mn in series A funding","author":"enterpriseam admin","date":"3 April 2022","format":false,"excerpt":"Local fintech startup Khazna has raised USD 38 mn in equity and debt in a series A funding round, according to a press release (pdf). The round was led by US-based Quona Capital and includes previously announced funding from Nclude \u2014 the new USD 85 mn fintech fund launched by\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/84.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569834,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/09\/fintech-startup-khazna-secures-seed-funding-led-by-algebra-ventures\/","url_meta":{"origin":546124,"position":3},"title":"Fintech startup Khazna secures seed funding led by Algebra Ventures","author":"enterpriseam admin","date":"9 March 2020","format":false,"excerpt":"STARTUP WATCH- Khazna secures seed funding led by Algebra Ventures: Egyptian fintech startup Khazna has raised an undisclosed amount of seed funding from a group of investors led by Algebra Ventures, the company said in a statement (pdf). Accion Venture Lab, which had recently secured USD 33 mn in funds\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":570920,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/22\/disruptech-fintech-fund-makes-its-first-investment-in-two-egyptian-companies\/","url_meta":{"origin":546124,"position":4},"title":"Disruptech fintech fund makes its first investment in two Egyptian companies","author":"enterpriseam admin","date":"22 April 2020","format":false,"excerpt":"STARTUP WATCH- Disruptech makes its first investment in two Egyptian companies: Disruptech, a USD 25 mn fintech fund recently set up by Mohamed Okasha, a former top exec at fintech player Fawry, has made its first investment in two Egyptian startups, Khaznaand Brimore, according to Menabytes. The fund is investing\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":581344,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/08\/a-usd-10-bn-emirati-tech-fund-could-be-looking-at-egyptian-firms\/","url_meta":{"origin":546124,"position":5},"title":"A USD 10 bn Emirati tech fund could be looking at Egyptian firms","author":"enterpriseam admin","date":"8 February 2023","format":false,"excerpt":"INVESTMENT- Local firms could get a piece of a new USD 10 bn Abu Dhabi tech fund: Emirati AI firm G42 is setting up a USD 10 bn tech fund \u2014 dubbed 42X Fund \u2014 to invest in tech firms in Egypt, Saudi Arabia, Singapore, Indonesia, China, and Israel, people\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/digital-payments-1600px-1.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=546124"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546124\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546112"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/546125"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546124"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=546124"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=546124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}