{"id":604962,"date":"2018-12-18T04:16:25","date_gmt":"2018-12-18T04:16:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/"},"modified":"2018-12-18T04:16:25","modified_gmt":"2018-12-18T04:16:25","slug":"egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/","title":{"rendered":"Egypt\u2019s CIB sets up VC arm CVentures to invest in fintech startups"},"content":{"rendered":"

<\/a> CIB launches corporate venture capital arm: <\/b>Our friends at CIB have launched a captive venture capital arm, CVentures, to invest in fintech startups. The new activity is primarily interested in series \u2018A\u2019 and \u2018B\u2019 rounds and will selectively invest in seed rounds, with a footprint expanding from Egypt to the wider as well as the global fintech space on a selective basis. CIB said in a statement (pdf)<\/a> that CVentures will \u201ccombine the speed and agility of an independent investor with the breadth of CIB\u2019s businesses.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

CIB launches corporate venture capital arm: Our friends at CIB have launched a captive venture capital arm, CVentures, to invest in fintech startups. The new activity is primarily interested in series \u2018A\u2019 and \u2018B\u2019 rounds and will selectively invest in seed rounds, with a footprint expanding from Egypt to the wider as well as 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":[8572],"tags":[240,72,183,2380,123,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604962","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-cib","tag-enterpriseam","tag-fintech","tag-speed-round","tag-startups","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"53885627-8689-426b-9a39-9f16ca007739","order":"0","is_powered_by":true,"section_story_id":"212ad108-6dcd-4385-9508-72e65b4568c3","story_type":"1","photo_url":"","photo_position":"above","related_issue":[604951],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s CIB sets up VC arm CVentures to invest in fintech 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\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s CIB sets up VC arm CVentures to invest in fintech startups\" \/>\n<meta property=\"og:description\" content=\"CIB launches corporate venture capital arm: Our friends at CIB have launched a captive venture capital arm, CVentures, to invest in fintech startups. The new activity is primarily interested in series \u2018A\u2019 and \u2018B\u2019 rounds and will selectively invest in seed rounds, with a footprint expanding from Egypt to the wider as well as the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-18T04:16:25+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s CIB sets up VC arm CVentures to invest in fintech startups\",\"datePublished\":\"2018-12-18T04:16:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/\"},\"wordCount\":100,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"CIB\",\"EnterpriseAM\",\"Fintech\",\"SPEED ROUND\",\"startups\",\"venture capital\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/\",\"name\":\"Egypt\u2019s CIB sets up VC arm CVentures to invest in fintech startups - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-12-18T04:16:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt\u2019s CIB sets up VC arm CVentures to invest in fintech startups\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Egypt\u2019s CIB sets up VC arm CVentures to invest in fintech startups - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/","og_locale":"en_US","og_type":"article","og_title":"Egypt\u2019s CIB sets up VC arm CVentures to invest in fintech startups","og_description":"CIB launches corporate venture capital arm: Our friends at CIB have launched a captive venture capital arm, CVentures, to invest in fintech startups. The new activity is primarily interested in series \u2018A\u2019 and \u2018B\u2019 rounds and will selectively invest in seed rounds, with a footprint expanding from Egypt to the wider as well as the […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-12-18T04:16:25+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Egypt\u2019s CIB sets up VC arm CVentures to invest in fintech startups","datePublished":"2018-12-18T04:16:25+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/"},"wordCount":100,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["CIB","EnterpriseAM","Fintech","SPEED ROUND","startups","venture capital"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/","name":"Egypt\u2019s CIB sets up VC arm CVentures to invest in fintech startups - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-12-18T04:16:25+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cib-sets-up-vc-arm-cventures-to-invest-in-fintech-startups\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Egypt\u2019s CIB sets up VC arm CVentures to invest in fintech startups"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":581446,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/14\/usd-1-bn-for-expansion-at-cib-the-wind-down-of-cventures-and-pharma-goods-stuck-in-port\/","url_meta":{"origin":604962,"position":0},"title":"USD 1 bn for expansion at CIB, the wind-down of CVentures, and pharma goods stuck in port?","author":"enterpriseam admin","date":"14 February 2023","format":false,"excerpt":"BANKING- CIB could raise USD 1 bn for expansion: CIB is seeking regulatory approval to issue financial instruments worth up to USD 1 bn or the equivalent in EGP or other currencies to finance the bank\u2019s expansion, according to an EGXdisclosure(pdf). The bank provided no additional information about what it\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/Customs-Bank-Authorizations-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571363,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/egypt-based-cventures-invests-in-uk-small-business-accounting-app-countingup\/","url_meta":{"origin":604962,"position":1},"title":"Egypt-based CVentures invests in UK small business accounting app Countingup","author":"enterpriseam admin","date":"10 May 2020","format":false,"excerpt":"STARTUP WATCH- CIB\u2019s venture capital arm CVentures has invested in UK-based small business banking and accounting app Countingup, according to an emailed statement (pdf). The investment is part of a GBP 4 mn bridge round led by ING Ventures, Triple Point, and Big Star Ventures, among others. The statement does\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":572190,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/15\/cventures-makes-undisclosed-investment-in-magiccube\/","url_meta":{"origin":604962,"position":2},"title":"CVentures makes undisclosed investment in MagicCube","author":"enterpriseam admin","date":"15 June 2020","format":false,"excerpt":"STARTUP WATCH- CIB\u2019s VC arm CVentures has made an undisclosed investment in US-based mobile security startup MagicCube, according to a statement (pdf). CVentures joins a group of investors led by Bold Capital, Epic Ventures, Sony, NTT Data, Azure Capital, Visa and Luqman Weise Capital. \u201cWe are delighted to see VC\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":550235,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/19\/catalyst-launches-corporate-venture-arm\/","url_meta":{"origin":604962,"position":3},"title":"Catalyst launches corporate venture arm","author":"enterpriseam admin","date":"19 October 2022","format":false,"excerpt":"Impact investor Catalyst Partners has launched a corporate VC arm, dubbed Serv Startup. The unit will look to acquire minority stakes primarily in the fintech and digital lending sectors, Chairman Maged Shawky told Enterprise. Serv Startup is looking at early-stage startups that have already developed minimum viable products, he said.\u2026","rel":"","context":"In "Private equity"","block_context":{"text":"Private equity","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/private-equity\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":545519,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/fintech-app-khazna-raises-usd-38-mn-in-series-a-funding\/","url_meta":{"origin":604962,"position":4},"title":"Fintech app Khazna raises USD 38 mn in series A funding","author":"enterpriseam admin","date":"3 April 2022","format":false,"excerpt":"Local fintech startup Khazna has raised USD 38 mn in equity and debt in a series A funding round, according to a press release (pdf). The round was led by US-based Quona Capital and includes previously announced funding from Nclude \u2014 the new USD 85 mn fintech fund launched by\u2026","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\/2022\/4\/84.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594292,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/my-morning-routine-amr-shawki-director-at-cventures\/","url_meta":{"origin":604962,"position":5},"title":"My Morning Routine: Amr Shawki, director at CVentures","author":"enterpriseam admin","date":"24 October 2019","format":false,"excerpt":"Amr Shawki, director at CVentures: My Morning Routine looks each week at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. Speaking to us this week is Amr Shawki, a director at CVentures, Egypt\u2019s first\u2026","rel":"","context":"In "My Morning Routine"","block_context":{"text":"My Morning Routine","link":"https:\/\/enterpriseam.com\/egypt\/my-morning-routine\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/10\/1837.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\/604962","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=604962"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604962\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/604951"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=604962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=604962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=604962"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=604962"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=604962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}