{"id":560798,"date":"2021-03-14T04:23:33","date_gmt":"2021-03-14T04:23:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/nowpay-joins-us-accelerator-y-combinators-winter-2021-cycle\/"},"modified":"2021-03-14T04:23:33","modified_gmt":"2021-03-14T04:23:33","slug":"nowpay-joins-us-accelerator-y-combinators-winter-2021-cycle","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/nowpay-joins-us-accelerator-y-combinators-winter-2021-cycle\/","title":{"rendered":"NowPay joins US accelerator Y Combinator\u2019s winter 2021 cycle"},"content":{"rendered":"

<\/a> Egyptian fintech startup <\/strong>NowPay<\/a><\/strong> has joined US startup accelerator <\/strong>Y<\/a><\/strong>Combinator<\/a><\/strong>\u2019s Winter 2021 funding cycle<\/strong>, Digital Boom<\/a> reports. The startup will receive USD 125k as well as three months of intensive mentoring, culminating in a demo day to an audience of potential investors and collaborators.<\/p>\n

The payroll management company was created by <\/strong>TA Telecom in 2019<\/a><\/strong>, and had raised at least USD 2.1 mn in funding<\/a> from Foundation Ventures, Endure Capital, and other investors in a seed round in October. NowPay enables employees to access their salaries at any point during the month and manage their finances. It is managing over USD 200 mn in salaries and has signed on corporate clients including SODIC, Wadi Degla, Domty and Axa. The company plans to expand its service offering under an MoU signed<\/a> with the Export Development Bank of Egypt earlier this month.<\/p>\n

ALSO FROM PLANET STARTUP-<\/strong><\/p>\n

Ten tech-driven startups graduated from regional incubator Flat6Labs\u2019 fall 2020 <\/strong>cycle<\/strong>, with businesses in fields including fintech, e-commerce, media, AI, and health tech, according to a statement (pdf)<\/a>. The startups received funding as part of the Flat6Labs Accelerator\u2019s program, which aims to fund more than 100 startups by 2022. The program is supported by anchor investments from the International Finance Corporation, MSME Development Agency, the Egyptian American Enterprise Fund, and Egypt Ventures.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egyptian fintech startup NowPay has joined US startup accelerator YCombinator\u2019s Winter 2021 funding cycle, Digital Boom reports. The startup will receive USD 125k as well as three months of intensive mentoring, culminating in a demo day to an audience of potential investors and collaborators. The payroll management company was created by TA Telecom in 2019, […]<\/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":[7258],"tags":[72,183,697,1812,95,123,698],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560798","post","type-post","status-publish","format-standard","hentry","category-startup-watch","tag-enterpriseam","tag-fintech","tag-flat6labs","tag-nowpay","tag-startup-watch","tag-startups","tag-y-combinator","wpautop","entry"],"acf":{"mongo_id":"7587abc1-9dd6-449f-a504-bf84d0ce2ce5","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[560784],"teaser":"","voice_url":""},"yoast_head":"\nNowPay joins US accelerator Y Combinator\u2019s winter 2021 cycle - 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\/03\/14\/nowpay-joins-us-accelerator-y-combinators-winter-2021-cycle\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NowPay joins US accelerator Y Combinator\u2019s winter 2021 cycle\" \/>\n<meta property=\"og:description\" content=\"Egyptian fintech startup NowPay has joined US startup accelerator YCombinator\u2019s Winter 2021 funding cycle, Digital Boom reports. 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Launched early this year, the startup helps corporate employees in emerging markets access their salaries in advance at any point in the month and manage their\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":594544,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/ta-telecom-spins-off-fintech-startup-nowpay-after-it-secures-usd-600k-seed-funding\/","url_meta":{"origin":560798,"position":1},"title":"TA Telecom spins off fintech startup NowPay after it secures USD 600k seed funding","author":"enterpriseam admin","date":"1 September 2019","format":false,"excerpt":"STARTUP WATCH- TA Telecom has spun off Egyptian fintech startup NowPay after it raised USD 600k in seed funding from Silicon Valley\u2019s Endure Capital and 500 Startups, TA Telecom said in a press release (pdf). 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BECOCapital, 500 Startups, Plug and Play, 4dx Ventures, MSA Capital, EFG-EV Fintech, and\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":682610,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/nowpay-lands-in-ksa-with-usd-20-mn-jv-with-tasheel\/","url_meta":{"origin":560798,"position":3},"title":"NowPay lands in KSA with USD 20 mn JV with Tas\u2019heel","author":"enterpriseam admin","date":"22 January 2026","format":false,"excerpt":"KSA is witnessing \u201caccelerating demand for modern payroll, HR, and fintech infrastructure,\u201d NowPay CEO Mostafa Ashour tells us","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\/11\/1212.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560655,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/globalcorp-aims-to-double-its-lending-portfolio-nowpay-eyes-new-fintech-products\/","url_meta":{"origin":560798,"position":4},"title":"GlobalCorp aims to double its lending portfolio + NowPay eyes new fintech products","author":"enterpriseam admin","date":"8 March 2021","format":false,"excerpt":"We have a smattering of debt + finance news to take note of this morning:Non-banking financial services provider GlobalCorp plans to double its lendingportfolio to EGP 6 bn this year. The Ezdehar-backed lender will ramp up its factoring and leasing services to companies in the construction, health, food and education\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550639,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/12\/meet-our-founder-of-the-week-nowpays-mostafa-ashour\/","url_meta":{"origin":560798,"position":5},"title":"Meet our founder of the week: NowPay\u2019s Mostafa Ashour","author":"enterpriseam admin","date":"12 April 2022","format":false,"excerpt":"OUR FOUNDER OF THE WEEK- Mostafa Ashour, co-founder and CEO of NowPay (LinkedIn).My name is Mostafa Ashour, and I\u2019m the CEO and co-founder of NowPay. I started my professional career as a software engineer at IBM in 2005, and went on to work for Microsoft as a program manager for\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\/4\/473.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\/560798","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=560798"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560798\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/560784"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=560798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=560798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=560798"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=560798"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=560798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}