{"id":599179,"date":"2019-06-20T04:04:34","date_gmt":"2019-06-20T04:04:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/it-was-a-good-week-for-tech-startups\/"},"modified":"2019-06-20T04:04:34","modified_gmt":"2019-06-20T04:04:34","slug":"it-was-a-good-week-for-tech-startups","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/it-was-a-good-week-for-tech-startups\/","title":{"rendered":"It was a good week for tech startups"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a><b> STARTUP WATCH- It was a good week for tech startups: <\/b><a href=\"http:\/\/platforms-root-technologies.com\/ctw\/\">Cairo Technology Week<\/a> and the <a href=\"https:\/\/www.terrapinn.com\/exhibition\/seamless-north-africa\/index.stm\">Seamless North Africa conference<\/a>, which both took place this week, saw lots of startups (most of them early stage ventures) in the spotlight. Among the highlights:<\/p>\n<p><b>Paynas wins first prize at Seamless North Africa 2019:<\/b> Egyptian fintech startup <a href=\"https:\/\/www.paynas.com\/\">Paynas<\/a> took home first place for its pitch at the Seamless North Africa conference this week, according to <a href=\"https:\/\/ent.news\/2019\/6\/333.pdf\">an emailed statement (pdf)<\/a>. The company, which provides a cloud-based platform used to manage banking, HR, and employee benefits, walked away with USD 50k after going head-to-head with four other startups.<\/p>\n<p><b>Flat6Labs Cairo graduated eight new startups at its first cycle of 2019<\/b>, <a href=\"https:\/\/ent.news\/2019\/6\/1693.pdf\">the startup accelerator said in a statement (pdf)<\/a>. Graduates are in sectors including virtual reality, legaltech and logistics, manufacturing, software as a service), hardware and education and wellness. They are: VRapeutic, Untap, Illa, Agrona, Elmetr, Instadiet, Tyro and Interact.<\/p>\n<p><b>Meanwhile, three Egypt-based startups have been selected to participate in the four-month <\/b><a href=\"https:\/\/womena.com\/womentum\/\"><b>Womentum Accelerator<\/b><\/a><b> program, <\/b>run by Womena and Standard Chartered, <a href=\"http:\/\/disrupt-africa.com\/2019\/06\/egyptian-tunisian-startups-selected-for-female-focused-mena-accelerator\/\">Disrupt Africa reports<\/a>. Participating startups from Egypt include <a href=\"https:\/\/freshsourceglobal.com\/\">FreshSource<\/a>, which connects small-scale farmers to the value chain, <a href=\"https:\/\/www.chefaa.com\/\">Chefaa, an AI-powered<\/a> platform for buying pharma products, <a href=\"https:\/\/www.passportathlete.com\/\">and pas-sport<\/a>, a platform that connects athletes with sports scholarships at universities globally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>STARTUP WATCH- It was a good week for tech startups: Cairo Technology Week and the Seamless North Africa conference, which both took place this week, saw lots of startups (most of them early stage ventures) in the spotlight. Among the highlights: Paynas wins first prize at Seamless North Africa 2019: Egyptian fintech startup Paynas took [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":599180,"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":[11289,72,4626,2380,95,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-cairo-technology-week","tag-enterpriseam","tag-seamless-north-africa","tag-speed-round","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"65cabb57-3152-4534-9230-d6357512c3c3","is_powered_by":true,"section_story_id":"81c9eb15-2dd1-4d8c-8157-233a96656c45","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/6\/1961.jpg","photo_position":"above","related_issue":[599171],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>It was a good week for tech startups - 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\/2019\/06\/20\/it-was-a-good-week-for-tech-startups\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It was a good week for tech startups\" \/>\n<meta property=\"og:description\" content=\"STARTUP WATCH- It was a good week for tech startups: Cairo Technology Week and the Seamless North Africa conference, which both took place this week, saw lots of startups (most of them early stage ventures) in the spotlight. Among the highlights: Paynas wins first prize at Seamless North Africa 2019: Egyptian fintech startup Paynas took [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/it-was-a-good-week-for-tech-startups\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-20T04:04:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1961.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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/it-was-a-good-week-for-tech-startups\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/it-was-a-good-week-for-tech-startups\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"It was a good week for tech startups\",\"datePublished\":\"2019-06-20T04:04:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/it-was-a-good-week-for-tech-startups\/\"},\"wordCount\":219,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/it-was-a-good-week-for-tech-startups\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1961.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Cairo Technology Week\",\"EnterpriseAM\",\"Seamless North Africa\",\"SPEED ROUND\",\"Startup watch\",\"startups\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/it-was-a-good-week-for-tech-startups\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/it-was-a-good-week-for-tech-startups\/\",\"name\":\"It was a good week for tech startups - 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The company will use the financing to fund expansion plans, which include developing its technology infrastructure to expand its client base across\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":569289,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/19\/digified-to-complete-first-round-financing-by-end-of-2020\/","url_meta":{"origin":599179,"position":1},"title":"Digified to complete first round financing by end of 2020","author":"enterpriseam admin","date":"19 February 2020","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":599088,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/should-we-expect-a-bigger-offering-from-the-bdc-ipo\/","url_meta":{"origin":599179,"position":2},"title":"Should we expect a bigger offering from the BdC IPO?","author":"enterpriseam admin","date":"18 June 2019","format":false,"excerpt":"IPO WATCH- Banque du Caire IPO to be larger than previously expected? 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