{"id":586895,"date":"2023-05-18T00:00:00","date_gmt":"2023-05-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/18\/fintech-startup-axis-launches-following-usd-8-3-mn-funding-round\/"},"modified":"2023-05-18T00:00:00","modified_gmt":"2023-05-18T00:00:00","slug":"fintech-startup-axis-launches-following-usd-8-3-mn-funding-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/18\/fintech-startup-axis-launches-following-usd-8-3-mn-funding-round\/","title":{"rendered":"Fintech startup Axis launches following USD 8.3 mn funding round"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">STARTUPS-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">A new digital payments player on the block: <\/span><span style=\"\">Fintech startup <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.axisapp.com\/\" style=\"\">Axis<\/a><\/span><span style=\"\"> has launched its AxisPay <\/span><span>mobile wallet in the local market after gaining a digital banking license from the Central Bank of Egypt and partnering with Visa and Fawry on the product, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/5\/1016.pdf\" style=\"\">press release (pdf)<\/a><\/span><span> and a report from <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/techcrunch.com\/2023\/05\/17\/tiger-global-backed-axis-launches-digital-payments-platform-for-egyptian-smes-months-after-its-8-25m-seed\/\" style=\"\">T<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/techcrunch.com\/2023\/05\/17\/tiger-global-backed-axis-launches-digital-payments-platform-for-egyptian-smes-months-after-its-8-25m-seed\/\" style=\"\">echCrun<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/techcrunch.com\/2023\/05\/17\/tiger-global-backed-axis-launches-digital-payments-platform-for-egyptian-smes-months-after-its-8-25m-seed\/\" style=\"\">ch<\/a><\/span><span style=\"font-weight:400;\">. Axis is launching after raising USD 8.3 mn in seed funding 18 months ago, in a round co-led by Tiger Global, Sawari Ventures and Raba, with participation from Firstminute Capital, RaliCap, and several angel investors, according to TechCrunch. The firm is targeting offering payroll services to some 5k local SMEs with a combined 80-100k employees by the end of 2023 and also hopes to launch SME financing, co-founder and CEO Jacques Marco is quoted as telling the news outlet.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company is backed by Tiger Global, Sawari Ventures and Raba<\/p>\n","protected":false},"author":1,"featured_media":586896,"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":[7209],"tags":[111,7084,72,183,95],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-586895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-axis","tag-enterpriseam","tag-fintech","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"eadebab4-182d-4916-b1c3-3d54160b0655","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1043.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian fintech startup Axis launches following USD 8.3 mn funding round","related_issue":[586869],"teaser":"The company is backed by Tiger Global, Sawari Ventures and Raba","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.fe9f88e3-db90-49e4-95b4-0a974e132603.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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