{"id":559691,"date":"2021-02-01T04:06:47","date_gmt":"2021-02-01T04:06:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/big-plans-for-egypts-fintech-space\/"},"modified":"2021-02-01T04:06:47","modified_gmt":"2021-02-01T04:06:47","slug":"big-plans-for-egypts-fintech-space","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/big-plans-for-egypts-fintech-space\/","title":{"rendered":"Big plans for Egypt\u2019s fintech space"},"content":{"rendered":"

Digital Finance Holding<\/strong> (DFin) has launched a new platform that will invest in<\/strong> fintech startups,<\/strong> it said in a statement (pdf)<\/a>. The company, which just appeared on the scene, will offer crowdfunding services to budding entrepreneurs through portfolio company Shekra<\/a>. It is also launching robo-advisory and digital wealth management through Optofolio.<\/p>\n

The investment thesis: <\/strong>The company plans to make equity investments in fintech players that would give it minority shares in these startups, in addition to setting up subsidiaries such as Optofolio to become \u201cclear majority shareholders\u201d in other fintech companies, founder and CEO Shehab Marzban (LinkedIn<\/a>) told us. DFin is regulated<\/a> by the Financial Regulatory Authority (FRA).<\/p>\n

DFin plans to launch <\/strong>Camel Ventures<\/strong> \u2014 a venture capital fund billing itself as the first \u201cventure debt fund in the region,\u201d<\/strong> in 2H2021. The firm is now fundraising for the venture, Marzban told us, noting that investor appetite will ultimately determine the fund\u2019s size.<\/p>\n

Partners: <\/strong>Marzban is joined by Mohammed El Beltagy (LinkedIn<\/a>) as well as Cayesh co-founders Adel Boseli (LinkedIn<\/a>) and Mahmoud Hassan (LinkedIn<\/a>). Marzban previously led government-backed VC Egypt Ventures, until resigning last summer<\/a> to run a VC platform for Beltone Financial. He left Beltone in September to work on DFin, he told us.<\/p>\n","protected":false},"excerpt":{"rendered":"

Digital Finance Holding (DFin) has launched a new platform that will invest in fintech startups, it said in a statement (pdf). The company, which just appeared on the scene, will offer crowdfunding services to budding entrepreneurs through portfolio company Shekra. It is also launching robo-advisory and digital wealth management through Optofolio. The investment thesis: The […]<\/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":[7323],"tags":[271,846,72,183,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559691","post","type-post","status-publish","format-standard","hentry","category-fintech","tag-central-bank-of-egypt","tag-digital-finance-holding","tag-enterpriseam","tag-fintech","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"5c852723-3aab-4603-b7a4-6a79d36bf264","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[559677],"teaser":"","voice_url":""},"yoast_head":"\nBig plans for Egypt\u2019s fintech space - 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\/2021\/02\/01\/big-plans-for-egypts-fintech-space\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Big plans for Egypt\u2019s fintech space\" \/>\n<meta property=\"og:description\" content=\"Digital Finance Holding (DFin) has launched a new platform that will invest in fintech startups, it said in a statement (pdf). 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