{"id":546860,"date":"2022-05-31T04:00:27","date_gmt":"2022-05-31T04:00:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/31\/cairo-angels-syndicate-fund-invests-in-africa-focused-fintech\/"},"modified":"2022-05-31T04:00:27","modified_gmt":"2022-05-31T04:00:27","slug":"cairo-angels-syndicate-fund-invests-in-africa-focused-fintech","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/31\/cairo-angels-syndicate-fund-invests-in-africa-focused-fintech\/","title":{"rendered":"Cairo Angels Syndicate Fund invests in Africa-focused fintech"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Cairo Angels Syndicate Fund (CASF) <\/strong><strong>is <\/strong><strong>making a USD six-figure investment in Africa-focused fintech startup <\/strong><strong><a href=\"https:\/\/www.finclusiongroup.com\/\">F<\/a><\/strong><strong><a href=\"https:\/\/www.finclusiongroup.com\/\">inclusion Group<\/a><\/strong>, which uses AI to provide financial services products, according to <a href=\"https:\/\/ent.news\/2022\/5\/Finclusion-PR-CASF.pdf\">a statement (<\/a><a href=\"https:\/\/ent.news\/2022\/5\/Finclusion-PR-CASF.pdf\">pdf<\/a><a href=\"https:\/\/ent.news\/2022\/5\/Finclusion-PR-CASF.pdf\">)<\/a>. This is CASF\u2019s second investment outside of Egypt and their third fintech investment, according to the release.<\/p>\n<p><strong>About Finclusion:<\/strong> The startup is looking to drive financial inclusion by providing financial tools such as earned-wage access (which gives employees access to their pay as soon as they\u2019ve earned it), buy-now-pay-later options, and direct credit to its clients in South Africa, Eswatini, Namibia, Kenya, and Tanzania. Finclusion also hopes to build the first pan-African neo bank, according to the statement.<\/p>\n<p><strong>The company has raised USD 40 mn since September:<\/strong> Earlier this year, the company <a href=\"https:\/\/medium.com\/@finclusionza\/finclusion-group-raises-an-additional-us-20-million-in-funding-to-build-out-neobank-offering-across-159d18757cbc\">raised<\/a><a href=\"https:\/\/medium.com\/@finclusionza\/finclusion-group-raises-an-additional-us-20-million-in-funding-to-build-out-neobank-offering-across-159d18757cbc\">USD 20<\/a><a href=\"https:\/\/medium.com\/@finclusionza\/finclusion-group-raises-an-additional-us-20-million-in-funding-to-build-out-neobank-offering-across-159d18757cbc\">m<\/a><a href=\"https:\/\/medium.com\/@finclusionza\/finclusion-group-raises-an-additional-us-20-million-in-funding-to-build-out-neobank-offering-across-159d18757cbc\">n<\/a> in debt and equity pre-series A financing, just four months after closing a <a href=\"https:\/\/medium.com\/@finclusionza\/finclusion-group-raises-us-20-million-in-funding-from-lendable-59baf72573b1\">USD 20 mn funding round<\/a> led by fintech debt financing provider Lendable.<\/p>\n<p><strong>This is CASF\u2019s <\/strong><strong>third investment<\/strong><strong> this year, by our count:<\/strong> The VC fund participated in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad8084bb-103d-4a9f-ae73-fdb55323edeb\">Orcas\u2019<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad8084bb-103d-4a9f-ae73-fdb55323edeb\">USD 2.1 mn pre-series A round<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/62307c00-94b2-47a6-acc9-180f0ae79dff\">made a second investment<\/a> in scientific research startup Nawah Scientific.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cairo Angels Syndicate Fund (CASF) is making a USD six-figure investment in Africa-focused fintech startup Finclusion Group, which uses AI to provide financial services products, according to a statement (pdf). This is CASF\u2019s second investment outside of Egypt and their third fintech investment, according to the release. About Finclusion: The startup is looking to drive [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":546861,"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":[9116,72,1979,183,95,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-cairo-angels-syndicate-fund","tag-enterpriseam","tag-finclusion-group","tag-fintech","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"68291671-b9c8-4dea-abab-d8aaa380b45a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/5\/416.jpg","photo_position":"above","related_issue":[546843],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cairo Angels Syndicate Fund invests in Africa-focused fintech - 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\/05\/31\/cairo-angels-syndicate-fund-invests-in-africa-focused-fintech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cairo Angels Syndicate Fund invests in Africa-focused fintech\" \/>\n<meta property=\"og:description\" content=\"Cairo Angels Syndicate Fund (CASF) is making a USD six-figure investment in Africa-focused fintech startup Finclusion Group, which uses AI to provide financial services products, according to a statement (pdf). This is CASF\u2019s second investment outside of Egypt and their third fintech investment, according to the release. About Finclusion: The startup is looking to drive [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/31\/cairo-angels-syndicate-fund-invests-in-africa-focused-fintech\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-31T04:00:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/416.jpg?fit=%2C&ssl=1\" \/>\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\/05\/31\/cairo-angels-syndicate-fund-invests-in-africa-focused-fintech\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/31\/cairo-angels-syndicate-fund-invests-in-africa-focused-fintech\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Cairo Angels Syndicate Fund invests in Africa-focused fintech\",\"datePublished\":\"2022-05-31T04:00:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/31\/cairo-angels-syndicate-fund-invests-in-africa-focused-fintech\/\"},\"wordCount\":193,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/31\/cairo-angels-syndicate-fund-invests-in-africa-focused-fintech\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/416.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Cairo Angels Syndicate Fund\",\"EnterpriseAM\",\"Finclusion Group\",\"Fintech\",\"Startup watch\",\"startups\"],\"articleSection\":[\"Startup watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/31\/cairo-angels-syndicate-fund-invests-in-africa-focused-fintech\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/31\/cairo-angels-syndicate-fund-invests-in-africa-focused-fintech\/\",\"name\":\"Cairo Angels Syndicate Fund invests in Africa-focused fintech - 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This is Cairo Angels\u2019 first investment in Africa outside of Egypt, according to the release, which did not put a figure on the size of the cheque the\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549520,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/20\/cairo-angels-micro-vc-fund-nears-final-close-a-new-fund-in-the-works\/","url_meta":{"origin":546860,"position":1},"title":"Cairo Angels\u2019 micro-VC fund nears final close + a new fund in the works","author":"enterpriseam admin","date":"20 September 2022","format":false,"excerpt":"Angel investment group Cairo Angels will reach a third and final close of USD 5 mn on its micro-VC fund this quarter, CEO Aly El Shalakany (LinkedIn) told us, confirming news first published by Amwal El Ghad. The fund reached its second close earlier this year, after closing its first\u2026","rel":"","context":"In &quot;Startup watch&quot;","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\/9\/285.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547240,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/credpal-secures-usd-six-figure-funding-from-cairo-angels-eyes-stepping-foot-into-egypt\/","url_meta":{"origin":546860,"position":2},"title":"CredPal secures USD six-figure funding from Cairo Angels, eyes stepping foot into Egypt","author":"enterpriseam admin","date":"14 June 2022","format":false,"excerpt":"The Cairo Angels Syndicate Fund (CASF) has invested USD six figures in Nigerian BNPL fintech startup CredPal, the VC fund said in a press release (pdf). The capital will be used to finance the company\u2019s expansion into Egypt, Kenya, Ghana, and Cameroon.About CredPal: Launched in 2018 by Fehintolu Olaogun (LinkedIn)\u2026","rel":"","context":"In &quot;Startup watch&quot;","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\/6\/CredPal-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546585,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/22\/enterprise-is-visiting-planet-startup-in-nigeria\/","url_meta":{"origin":546860,"position":3},"title":"Enterprise is visiting Planet Startup \u2014 in Nigeria","author":"enterpriseam admin","date":"22 May 2022","format":false,"excerpt":"Enterprise is heading to the other side of the continent for a little visit: A couple of hours after we hit \u201csend\u201d on this morning\u2019s issue, one of us will be leaving on a jet plane to Lagos, Nigeria, with our friend Aly Shalakany, CEO of the Cairo Angels Syndicate\u2026","rel":"","context":"In &quot;ENTERPRISE ON THE ROAD&quot;","block_context":{"text":"ENTERPRISE ON THE ROAD","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-on-the-road\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/282.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557042,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/05\/kashat-lands-funding-from-launch-africa-in-private-bridge-round\/","url_meta":{"origin":546860,"position":4},"title":"Kashat lands funding from Launch Africa in private bridge round","author":"enterpriseam admin","date":"5 September 2021","format":false,"excerpt":"Fintech startup Kashat has successfully closed a private bridge round for an undisclosed sum, a senior company executive told Enterprise. The round saw participation from pan-African fund Launch Africa, which typically invests up to USD 300k per transaction. Cairo Angels also took part in the round; the Cairo Angels previously\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/49.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553561,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/making-it-rain\/","url_meta":{"origin":546860,"position":5},"title":"Making it rain","author":"enterpriseam admin","date":"8 December 2021","format":false,"excerpt":"Cairo Angels announces first close on USD 5 mn micro-VC fund. Angel investment group Cairo Angels reached first close on its Cairo Angels Syndicate Fund (CASF), it said in a statement (pdf) yesterday, without putting a figure on the value of the commitments it locked in for the first close.\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/254.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\/546860","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=546860"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546860\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546843"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/546861"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546860"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=546860"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=546860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}