{"id":665641,"date":"2025-05-21T00:00:00","date_gmt":"2025-05-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/21\/fintech-startup-elgameya-closes-seven-figure-usd-round\/"},"modified":"2025-05-21T00:00:00","modified_gmt":"2025-05-21T00:00:00","slug":"fintech-startup-elgameya-closes-seven-figure-usd-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/21\/fintech-startup-elgameya-closes-seven-figure-usd-round\/","title":{"rendered":"Fintech startup ElGameya closes seven-figure USD round"},"content":{"rendered":"

E<\/strong>lGameya ra<\/strong>ises seven-figure USD investment: <\/strong>Local fintech startup ElGameya<\/a> closed an undisclosed seven-figure USD round led by the government\u2019s Ayady for Investment and Development<\/a>, according to a company statement (pdf)<\/a>.<\/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

Other backers:<\/strong> The round was also backed by Jedar Capital, Cubit Ventures, Ventures Notes, PMaestro, and a number of local and international angel investors.<\/p>\n

About ElGameya: <\/strong>Founded in 2020, ElGameya digitizes and streamlines the traditional rotating savings and credit association (ROSCA) model \u2014 locally known as gameya. ElGameya\u2019s app allows users to join money circles suited to their needs, choosing their preferred amount, duration, and payout turn.<\/p>\n

What they said:<\/strong> \u201cThis funding round marks a pivotal step in our journey to establish ElGameya as a market leader in digital savings solutions in Egypt and the region. We believe digital ROSCAs have a vital role to play in enhancing financial literacy and expanding access to safe, adaptable savings and credit tools, especially for those who remain excluded from traditional financial systems,\u201d said Amr Aboelazm, the founding chairman of ElGameya.<\/p>\n","protected":false},"excerpt":{"rendered":"

The round was led by Ayady for Investment and Development<\/p>\n","protected":false},"author":1,"featured_media":665642,"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":[72,183,95,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-665641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-fintech","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"3ef48570-af45-4dbf-8732-0042075134fd","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/1719.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Fintech startup ElGameya closes seven-figure USD round","related_issue":[665623],"teaser":"The round was led by Ayady for Investment and Development","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.4a6b576f-8404-4470-baaf-2e245fd88abb.mp3"},"yoast_head":"\nFintech startup ElGameya closes seven-figure USD round - 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\/2025\/05\/21\/fintech-startup-elgameya-closes-seven-figure-usd-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fintech startup ElGameya closes seven-figure USD round\" \/>\n<meta property=\"og:description\" content=\"The round was led by Ayady for Investment and Development\" \/>\n<meta property=\"og:url\" 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The company had previously raised USD 400k in seed funding in 2019.About Raseedi: The telecom app launched\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\/2021\/12\/210.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573600,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/11\/egyptian-fintech-firm-paymob-raises-usd-3-5-mn-investment\/","url_meta":{"origin":665641,"position":4},"title":"Egyptian fintech firm Paymob raises USD 3.5 mn investment","author":"enterpriseam admin","date":"11 August 2020","format":false,"excerpt":"STARTUP WATCH- Local fintech startup Paymob has raised USD 3.5 mn in an investment round led by Global Ventures and the Dutch Entrepreneurial Development Bank (FMO), according to an emailed statement (pdf). 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