{"id":660020,"date":"2025-02-05T00:00:00","date_gmt":"2025-02-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/local-fintech-player-khazna-raises-usd-16-mn-in-latest-round\/"},"modified":"2025-02-05T00:00:00","modified_gmt":"2025-02-05T00:00:00","slug":"local-fintech-player-khazna-raises-usd-16-mn-in-latest-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/local-fintech-player-khazna-raises-usd-16-mn-in-latest-round\/","title":{"rendered":"Local fintech player Khazna raises USD 16 mn in latest round"},"content":{"rendered":"

Fintech startup <\/strong>Khazna<\/a><\/strong> closed a USD 16 mn in a pre-Series B round<\/strong>, it announced in a press release<\/a> yesterday. The round saw participation from SANAD Fund for MSME, Seed Fund, Aljazira Capital, Khwarizmi Ventures, Nclude, ICU Ventures, Quona Capital, Speedinvest, and DisrupTech Ventures.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

Where\u2019s the money going? <\/strong>The company will use the fresh funds to continue its growth journey \u2014 it will apply for a digital banking license and further its footprint in the Saudi market. The startup expanded<\/a> into Saudi Arabia last year in partnership with Khwarizmi Ventures. <\/p>\n

More expansion ahead? <\/strong>\u201cKhazna\u2019s entry into Saudi Arabia marks the beginning of a new chapter, and we are committed to delivering an unparalleled digital user experience across the region,\u201d CEO Omar Saleh said. <\/p>\n

What they said: <\/strong>\u201cClosing this funding round is a pivotal achievement for Khazna\u2019s team. This not only propels our core business but also empowers us to accelerate our mission of advancing financial inclusion across the MENA region,\u201d Saleh said. <\/p>\n

Want more? <\/strong>We spoke to CTO and co-founder Ahmed Wagueeh back in 2022 for our Founder of the Week column. Check out the interview here<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

The company will use the fresh funds to continue its growth journey<\/p>\n","protected":false},"author":1,"featured_media":660021,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[72,183,1459,95,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-660020","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-fintech","tag-khazna","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"469bc886-4d80-417f-85ec-52cc1e348f4a","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/381.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian fintech player Khazna raises USD 16 mn in latest round","related_issue":[660002],"teaser":"The company will use the fresh funds to continue its growth journey","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.689f5ab2-d8fa-44a6-921a-0d23c672bc14.mp3"},"yoast_head":"\nLocal fintech player Khazna raises USD 16 mn in latest round - 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Accion Venture Lab, which had recently secured USD 33 mn in funds\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":545519,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/fintech-app-khazna-raises-usd-38-mn-in-series-a-funding\/","url_meta":{"origin":660020,"position":1},"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":544772,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/21\/introducing-nclude-global-ventures-new-usd-85-mn-fintech-fund\/","url_meta":{"origin":660020,"position":2},"title":"Introducing Nclude: Global Ventures\u2019 new USD 85 mn fintech fund","author":"enterpriseam admin","date":"21 March 2022","format":false,"excerpt":"Global Ventures, state banks launch USD 85 mn fund: Three of Egypt\u2019s state-owned banks are investing in a new USD 85 mn fintech fund launched by Dubai-based VC Global Ventures, according to a statement(pdf) out yesterday. The fund, dubbed \u201cNclude,\u201d will invest in Egyptian startups specializing in fintech and working\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\/3\/266.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549478,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/19\/global-ventures-fintech-fund-reaches-usd-105-mn-second-close\/","url_meta":{"origin":660020,"position":3},"title":"Global Ventures\u2019 fintech fund reaches USD 105 mn second close","author":"enterpriseam admin","date":"19 September 2022","format":false,"excerpt":"Nclude hits USD 105 mn second close: Local and international investors have committed around USD 20 mn to Global Ventures\u2019 Nclude\u2019s second funding round, bringing the fintech-focused VC fund\u2019s total capital to some USD 105 mn, a source close to the matter told Enterprise. The source declined to name the\u2026","rel":"","context":"In "Fintech"","block_context":{"text":"Fintech","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/fintech\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/268.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549743,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/28\/proptech-startup-partment-secures-usd-1-5-mn-in-pre-seed-round\/","url_meta":{"origin":660020,"position":4},"title":"Proptech startup Partment secures USD 1.5 mn in pre-seed round","author":"enterpriseam admin","date":"28 September 2022","format":false,"excerpt":"Proptech startup Partment secured USD 1.5 mn in a pre-seed round led by Nclude Fintech Innovation Fund and Plus Venture Capital and with the participation of a group of angel investors, the startup said in a statement(pdf). Partment helps people co-own second homes: Launched earlier this year by Nadim Nagui\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\/9\/412.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546124,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/28\/khazna-card-gets-final-approval-from-the-central-bank-of-egypt\/","url_meta":{"origin":660020,"position":5},"title":"Khazna Card gets final approval from the Central Bank of Egypt","author":"enterpriseam admin","date":"28 April 2022","format":false,"excerpt":"Khazna has received final approval from the Central Bank of Egypt (CBE) for its Khazna card, a Meeza prepaid card launched in partnership with the Abu Dhabi Islamic Bank (ADIB) that will provide unbanked users access to the fintech startup\u2019s financial services, according to a statement (pdf) out yesterday.Unbanked Khazna\u2026","rel":"","context":"In "Fintech"","block_context":{"text":"Fintech","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/fintech\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/395.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\/660020","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=660020"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/660020\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/660002"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/660021"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=660020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=660020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=660020"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=660020"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=660020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}