{"id":551759,"date":"2022-07-19T13:31:12","date_gmt":"2022-07-19T13:31:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/"},"modified":"2022-07-19T13:31:12","modified_gmt":"2022-07-19T13:31:12","slug":"meet-our-founder-of-the-week-khaznas-ahmed-wagueeh","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/","title":{"rendered":"Meet our founder of the week: Khazna\u2019s Ahmed Wagueeh"},"content":{"rendered":"

<\/a> OUR FOUNDER OF THE WEEK-<\/strong> Ahmed Wagueeh, co-founder and CTO of Khazna (LinkedIn<\/a>).<\/p>\n

My name is Ahmed Wagueeh, and I\u2019m the chief technology officer and co-founder of Khazna. <\/strong>I studied computer engineering at Cairo University, and prior to co-founding Khazna, I worked with multinational corporations like Intel, Valeo, and IBM.<\/p>\n

Khazna, launched in 2019, targets the middle and lower economic classes of the Egyptian population. <\/strong>Khazna caters to around 53% of Egyptians who are underbanked and lack access to formal financial services. The branch-based model, given its high costs, does not adequately serve the needs of low-income segments of the population, and we aim to tackle this problem. Khazna currently offers general purpose credit, buy now, pay later (BNPL), and bill payment services.<\/p>\n

The fact that Egypt has the highest number of smartphone users in the region opened our eyes to the potential of our business model<\/strong>. We knew we could provide financial services digitally to our users and provide them with a platform that integrates them within the formal financial system.<\/p>\n

Providing a seamless user experience is a top priority for us; everything you need is just 2 or 3 clicks away<\/strong>, without lengthy processes that bore users. We also focus on providing top-notch customer support and onboarding processes.<\/p>\n

The most important KPIs we focus on include our outstanding loan book<\/strong>, which enables us to track the number of loans and services utilized by our users. Increasing numbers are indicative of the fact that current users are utilizing more of our services, which would in turn mean that we are acquiring more users through referrals. We also focus on the number of our monthly active users; these are the northstars that guide us on a weekly basis.<\/p>\n

Our customer acquisition strategy is twofold: <\/strong>We partner with employers to validate the data and credit score of their employees, so we can establish a logical, multipurpose credit line based on the information provided to us. Users can utilize their credit line in several ways, whether it be withdrawing funds in cash or using it for BNPL services through any one of the top 100 merchants we partner with, or for bill payment services. We also acquire users through traditional marketing channels.<\/p>\n

We also recently acquired a license to issue a card of our own, Khazna Card.<\/strong> We were the first fintech app in Egypt that launched such an offering. Khazna card<\/a>, a Meeza prepaid card launched in partnership with the Abu Dhabi Islamic Bank (ADIB), provides our unbanked users access to a wide range of financial services. It also enables us to facilitate a unique service: instant disbursement of cashflow through our app, regardless of banks\u2019 working days and national holidays.<\/p>\n

So far Khazna raised a total of USD 47 mn. <\/strong>We raised USD 9 mn during our seed<\/a> and pre-seed rounds. The main investors for these two initial rounds were Algebra Ventures and Accion Venture Lab. <\/strong>We raised USD 38 mn in equity and debt during our series A round<\/a>, with the equity investment led by Quona Capital with the participation of Speedinvest, Nclude, Khawarizmi Ventures, Algebra Ventures, Accion Venture Lab, Disruptech, AB Accelerator by Arab Bank, and CVentures, among others. The debt financing was backed by Lendable.<\/p>\n

Being backed by <\/strong>Nclude<\/a><\/strong> was historic for us. <\/strong>The fact that top tier banks are backing us, a fintech startup, is a testament to our impact and gave us an enormous boost of confidence. It is a milestone for us, because we became even closer to regulators and the formal banking sector.<\/p>\n

I think bootstrapping your startup entirely can be problematic. <\/strong>You need investors to challenge you, and validate your business model and approach. Bootstrapping can create an echo chamber that isolates you from opposing views, and can leave you unprepared for the challenges you\u2019ll face in the real world, ultimately compromising your survival.<\/p>\n

If I had to do it all over again, I would still partner with investors.<\/strong> We always partner with VCs that have similar startups in their portfolio because they can help us grow and navigate challenges. I believe that bringing in the right partners accelerates the business on so many levels. Investors obviously bring capital to the table, but they also bring strategic advice, market insights, help you form meaningful connections with startups that face similar challenges, and can help you expand into new markets.<\/p>\n

The best part of the job is seeing our hard work come to fruition:<\/strong> Reaching 1 mn transactions, and getting the approval to launch our Khazna card were both milestones that made us equally ecstatic and proud. Apart from milestones, I truly love my job; I\u2019ve been passionate about software development since I was eight years old, so I consider my job a hobby and a passion project. The fact that our business is impactful and helps better the lives of our users is truly fulfilling.<\/p>\n

In another life, I would have been a film critic. <\/strong>I\u2019m a complete movie buff. Movies like Fight Club, Pulp Fiction, and The Green Mile are outstanding and I never get bored of them, even after watching them for the 30th time [laughs]. I\u2019m a sucker for great dialogue and captivating stories.<\/p>\n

The last great thing I watched was <\/strong>House<\/a><\/strong>.<\/strong> The series is mesmerizing; it captures the brilliance and madness of the antisocial protagonist, Dr. Gregory House, who is played by Hugh Laurie, and is rife with brilliant dialogue and plot twists.<\/p>\n","protected":false},"excerpt":{"rendered":"

OUR FOUNDER OF THE WEEK- Ahmed Wagueeh, co-founder and CTO of Khazna (LinkedIn). My name is Ahmed Wagueeh, and I\u2019m the chief technology officer and co-founder of Khazna. 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 in 2019, targets […]<\/p>\n","protected":false},"author":1,"featured_media":551760,"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":[7357],"tags":[2848,633,290,183,1530,1459,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-551759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-founder-of-the-week","tag-ahmed-wagueeh","tag-enterprisepm","tag-financial-inclusion","tag-fintech","tag-founder-of-the-week","tag-khazna","tag-startups","wpautop","entry"],"acf":{"mongo_id":"5c89bf1f-b67f-4356-b089-39aee653bb7f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/7\/391.jpg","photo_position":"above","related_issue":[551749],"teaser":"","voice_url":""},"yoast_head":"\nMeet our founder of the week: Khazna\u2019s Ahmed Wagueeh - 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\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Meet our founder of the week: Khazna\u2019s Ahmed Wagueeh\" \/>\n<meta property=\"og:description\" content=\"OUR FOUNDER OF THE WEEK- Ahmed Wagueeh, co-founder and CTO of Khazna (LinkedIn). My name is Ahmed Wagueeh, and I\u2019m the chief technology officer and co-founder of Khazna. 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 in 2019, targets […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-19T13:31:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/391.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=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Meet our founder of the week: Khazna\u2019s Ahmed Wagueeh\",\"datePublished\":\"2022-07-19T13:31:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/\"},\"wordCount\":911,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/391.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Ahmed Wagueeh\",\"EnterprisePM\",\"financial inclusion\",\"Fintech\",\"FOUNDER OF THE WEEK\",\"Khazna\",\"startups\"],\"articleSection\":[\"Founder of the Week\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/\",\"name\":\"Meet our founder of the week: Khazna\u2019s Ahmed Wagueeh - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/391.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2022-07-19T13:31:12+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/391.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/391.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Meet our founder of the week: Khazna\u2019s Ahmed Wagueeh\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Meet our founder of the week: Khazna\u2019s Ahmed Wagueeh - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/","og_locale":"en_US","og_type":"article","og_title":"Meet our founder of the week: Khazna\u2019s Ahmed Wagueeh","og_description":"OUR FOUNDER OF THE WEEK- Ahmed Wagueeh, co-founder and CTO of Khazna (LinkedIn). My name is Ahmed Wagueeh, and I\u2019m the chief technology officer and co-founder of Khazna. 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 in 2019, targets […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-07-19T13:31:12+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/391.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Meet our founder of the week: Khazna\u2019s Ahmed Wagueeh","datePublished":"2022-07-19T13:31:12+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/"},"wordCount":911,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/391.jpg?fit=%2C&ssl=1","keywords":["Ahmed Wagueeh","EnterprisePM","financial inclusion","Fintech","FOUNDER OF THE WEEK","Khazna","startups"],"articleSection":["Founder of the Week"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/","name":"Meet our founder of the week: Khazna\u2019s Ahmed Wagueeh - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/391.jpg?fit=%2C&ssl=1","datePublished":"2022-07-19T13:31:12+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/391.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/391.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/meet-our-founder-of-the-week-khaznas-ahmed-wagueeh\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Meet our founder of the week: Khazna\u2019s Ahmed Wagueeh"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/391.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/391.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/391.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":660020,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/local-fintech-player-khazna-raises-usd-16-mn-in-latest-round\/","url_meta":{"origin":551759,"position":0},"title":"Local fintech player Khazna raises USD 16 mn in latest round","author":"enterpriseam admin","date":"5 February 2025","format":false,"excerpt":"The company will use the fresh funds to continue its growth journey","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\/2025\/2\/381.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":551759,"position":1},"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":551759,"position":2},"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":544921,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/28\/khazna-wants-a-spac-to-call-its-own\/","url_meta":{"origin":551759,"position":3},"title":"Khazna wants a SPAC to call its own","author":"enterpriseam admin","date":"28 March 2022","format":false,"excerpt":"Fintech startup Khazna could set up a SPAC in 2024, a company spokesperson told Enterprise, confirming a report from Al Shorouk that quoted Khazna co-founder and CEO Omar Saleh. Khazna is looking into setting up a blank check company with international investors, which could be listed either at home or\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\/3\/371.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566368,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/15\/khazna-masria-digital-payments-adib-partner-to-launch-salary-advance-card\/","url_meta":{"origin":551759,"position":4},"title":"Khazna, Masria Digital Payments, ADIB partner to launch salary advance card","author":"enterpriseam admin","date":"15 June 2021","format":false,"excerpt":"Underbanked employees and gig workers will be able to instantly access their wages in advance through \u201cKhazna Card,\u201d a Meeza prepaid card launched under a partnership between fintech startup Khazna, banking partner Abu Dhabi Islamic Bank (ADIB) and Masria Digital Payments in a bid to extend Khazna\u2019s financial services to\u2026","rel":"","context":"In "SPEED ROUND: DIGITAL PAYMENTS"","block_context":{"text":"SPEED ROUND: DIGITAL PAYMENTS","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-digital-payments\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/493.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546124,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/28\/khazna-card-gets-final-approval-from-the-central-bank-of-egypt\/","url_meta":{"origin":551759,"position":5},"title":"Khazna Card gets final approval from the Central Bank of Egypt","author":"enterpriseam admin","date":"28 April 2022","format":false,"excerpt":"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\u2026","rel":"","context":"In "Fintech"","block_context":{"text":"Fintech","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/fintech\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/395.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\/551759","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=551759"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551759\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/551749"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/551760"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=551759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=551759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=551759"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=551759"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=551759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}