{"id":547240,"date":"2022-06-14T04:20:57","date_gmt":"2022-06-14T04:20:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/credpal-secures-usd-six-figure-funding-from-cairo-angels-eyes-stepping-foot-into-egypt\/"},"modified":"2022-06-14T04:20:57","modified_gmt":"2022-06-14T04:20:57","slug":"credpal-secures-usd-six-figure-funding-from-cairo-angels-eyes-stepping-foot-into-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/credpal-secures-usd-six-figure-funding-from-cairo-angels-eyes-stepping-foot-into-egypt\/","title":{"rendered":"CredPal secures USD six-figure funding from Cairo Angels, eyes stepping foot into Egypt"},"content":{"rendered":"

The <\/strong>Cairo Angels Syndicate Fund (CASF)<\/a><\/strong> has invested USD six figures in Nigerian BNPL <\/strong>fintech startup <\/strong>CredPal<\/a><\/strong>, the VC fund said in a press release (pdf)<\/a>. The capital will be used to finance the company\u2019s expansion into Egypt, Kenya, Ghana, and Cameroon.<\/p>\n

About CredPal: <\/strong>Launched in 2018 by Fehintolu Olaogun (LinkedIn<\/a>) and Olorunfemi Jegede (LinkedIn<\/a>), the BNPL startup allows its businesses and individuals to pay for their purchases in installments either online or offline. The company has been backed by Y-Combinator and Google and currently operates in Nigeria, Kenya and Angola.<\/p>\n

This marks CASF\u2019s first investment in Nigeria:<\/strong> \u201cWe couldn\u2019t be more proud of our investment in CredPal, which is our first investment in Nigeria \u2026 BNPL has proven to be a successful business model that is a compelling alternative to traditional forms of consumer credit, especially in emerging and frontier markets,\u201d said CASF CEO Aly El Shalakany.<\/p>\n

Fintech is booming in Nigeria<\/strong>, as we discovered<\/a> during our trip to Lagos a few weeks ago.<\/p>\n

While we were there, we met<\/a> CredPal co-founder and CEO Olaogun to chat about the local fintech scene.<\/p>\n","protected":false},"excerpt":{"rendered":"

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) and Olorunfemi Jegede (LinkedIn), […]<\/p>\n","protected":false},"author":1,"featured_media":547241,"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":[9116,1949,72,183,1914,95],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-cairo-angels-syndicate-fund","tag-credpal","tag-enterpriseam","tag-fintech","tag-nigeria","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"0d81d39b-c3ce-477c-b37f-7c7003920b32","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/6\/CredPal-1600px.jpg","photo_position":"above","related_issue":[547225],"teaser":"","voice_url":""},"yoast_head":"\nCredPal secures USD six-figure funding from Cairo Angels, eyes stepping foot into 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\/06\/14\/credpal-secures-usd-six-figure-funding-from-cairo-angels-eyes-stepping-foot-into-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CredPal secures USD six-figure funding from Cairo Angels, eyes stepping foot into Egypt\" \/>\n<meta property=\"og:description\" content=\"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). 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The fund reached its second close earlier this year, after closing its first\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\/9\/285.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546453,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/17\/cairo-angels-expands-outside-of-egypt-with-investment-in-kenyan-fintech\/","url_meta":{"origin":547240,"position":1},"title":"Cairo Angels expands outside of Egypt with investment in Kenyan fintech","author":"enterpriseam admin","date":"17 May 2022","format":false,"excerpt":"Cairo Angels Syndicate Fund has made an investment in Kenyan fintech startup FlexPay, the VC fund announced in a statement (pdf) yesterday. 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 "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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546860,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/31\/cairo-angels-syndicate-fund-invests-in-africa-focused-fintech\/","url_meta":{"origin":547240,"position":2},"title":"Cairo Angels Syndicate Fund invests in Africa-focused fintech","author":"enterpriseam admin","date":"31 May 2022","format":false,"excerpt":"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\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\/5\/416.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":547240,"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 "ENTERPRISE ON THE ROAD"","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":553561,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/making-it-rain\/","url_meta":{"origin":547240,"position":4},"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 "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\/2021\/12\/254.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546699,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/25\/day-3-in-lagos-nigeria\/","url_meta":{"origin":547240,"position":5},"title":"Day 3 in Lagos, Nigeria","author":"enterpriseam admin","date":"25 May 2022","format":false,"excerpt":"DAY THREE- Lagos doesn\u2019t cease to amaze us \u2014 and frankly, it feels like we\u2019ve been here for three weeks, not just two and a half days. The energy of the local entrepreneurship scene has kept our adrenaline pumping, along with the little bits and pieces of chaos that remind\u2026","rel":"","context":"In "ENTERPRISE ON THE ROAD"","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\/335.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547240","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=547240"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547240\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/547225"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/547241"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=547240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=547240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=547240"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=547240"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=547240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}