{"id":569289,"date":"2020-02-19T04:14:30","date_gmt":"2020-02-19T04:14:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/19\/digified-to-complete-first-round-financing-by-end-of-2020\/"},"modified":"2020-02-19T04:14:30","modified_gmt":"2020-02-19T04:14:30","slug":"digified-to-complete-first-round-financing-by-end-of-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/19\/digified-to-complete-first-round-financing-by-end-of-2020\/","title":{"rendered":"Digified to complete first round financing by end of 2020"},"content":{"rendered":"

STARTUP WATCH- <\/strong>Digified<\/a><\/strong> to complete first funding round by end of 2020:<\/strong> Cairo-based fintech startup plans to complete its first round of financing from local and international investors by the end of 2020, CEO Ibrahim Hassan told Al Mal<\/a>. The company will use the capital to expand its existing identity verification services to new sectors and customers in the banking and non-financial financial sectors. Digified is one of three companies \u2014 along with Valify<\/a> and Bangalore-based FRS Labs<\/a> \u2014 currently testing an automated know your customer system (e-KTC) for the Central Bank of Egypt, as part of the bank\u2019s fintech hub<\/a> slated to open in the second quarter of this year.<\/p>\n

Digified uses machine learning technology to extract data and verify identities<\/strong> from official Arabic-language documents. Part of accelerator Falak Startups<\/a>, it was theonly Egyptian finalist<\/a> at last year\u2019s Seamless North Africa<\/a> pitch-off.<\/p>\n","protected":false},"excerpt":{"rendered":"

STARTUP WATCH- Digified to complete first funding round by end of 2020: Cairo-based fintech startup plans to complete its first round of financing from local and international investors by the end of 2020, CEO Ibrahim Hassan told Al Mal. The company will use the capital to expand its existing identity verification services to new sectors […]<\/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":[8572],"tags":[271,4627,4630,72,2067,4629,4628,4626,2380,123,10272],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-569289","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-central-bank-of-egypt","tag-digified","tag-e-ktc","tag-enterpriseam","tag-falak-startups","tag-frs-labs","tag-ibrahim-hassan","tag-seamless-north-africa","tag-speed-round","tag-startups","tag-valify","wpautop","entry"],"acf":{"mongo_id":"8777ef0f-70fd-4f49-bcb4-047fe146613a","is_powered_by":true,"section_story_id":"4a5f3ac8-b4a2-421b-a27e-f63008c4bb1b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[569275],"teaser":"","voice_url":""},"yoast_head":"\nDigified to complete first round financing by end of 2020 - 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\/2020\/02\/19\/digified-to-complete-first-round-financing-by-end-of-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Digified to complete first round financing by end of 2020\" \/>\n<meta property=\"og:description\" content=\"STARTUP WATCH- Digified to complete first funding round by end of 2020: Cairo-based fintech startup plans to complete its first round of financing from local and international investors by the end of 2020, CEO Ibrahim Hassan told Al Mal. 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