{"id":665724,"date":"2025-05-22T00:00:00","date_gmt":"2025-05-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/"},"modified":"2025-05-22T00:00:00","modified_gmt":"2025-05-22T00:00:00","slug":"sylndr-closes-usd-15-7-mn-funding-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/","title":{"rendered":"Sylndr closes USD 15.7 mn funding round"},"content":{"rendered":"

Local auto pl<\/strong>atform Sylndr raised USD 15.7 mn in a series A funding round<\/strong> led by Africa-focused private equity giant Development Partners International (DPI) via its newly-acquired Nclude Fund<\/a>, Sylndr said in a statement (pdf)<\/a>. The round also saw participation from our friends at Beltone Venture Capital, the tech-focused local VC Algebra Ventures, Emirati-Saudi VC firm Nuwa Capital, Saudi VC Raed Ventures, EGBank\u2019s investment arm Egyptian Gulf Holding, the Africa-focused Uncovered Fund, and the local fintech-focused VC Camel 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

Sylndr? <\/strong>Founded in 2021 by ex-banker Omar El Defrawy and startup veteran Amr Mazen, Sylndr has evolved from a used-car marketplace into a full-stack mobility platform offering digital car financing, after-sales services including maintenance, and dealer tools. <\/p>\n

Where will the money go?<\/strong> Sylndr will channel the funding into ramping up its nationwide expansion, enhancing its pricing and financing tech stack, and broadening its used-car offerings \u2014 all while deepening ties with dealers, financial institutions, and service providers to scale up its mobility ecosystem.<\/p>\n

The round will support Sylndr\u2019s push to become \u201cthe go-to platform for mobility in <\/strong>Egypt,\u201d<\/strong> CEO Omar El Defrawy said, adding that the capital will help the company scale nationally and broaden its product offering. DPI Venture Capital Managing Partner Ashley Lewis said, \u201cSylndr is building the digital backbone of mobility in a market where access, trust, and financing have long been barriers to ownership.\u201d<\/p>\n

BACKGROUND-<\/strong> The series A round builds on Sylndr\u2019s rapid capital deployment over the years, including its USD 12.6 mn pre-seed round in 2022<\/a> and a EGP 370 mn working capital facility<\/a> arranged by EFG Hermes in November 2024. Both sets of financing were used to scale inventory and build operational capacity.<\/p>\n

** El Defrawy was our Founder of the Week back in 2022.<\/strong> You can check out our interview with him here<\/a>.<\/p>\n

Advisors: <\/strong>Matouk Bassiouny acted as legal counsel to DPI Venture Capital in the funding round.<\/p>\n","protected":false},"excerpt":{"rendered":"

The round was led by Development Partners International via its Nclude Fund<\/p>\n","protected":false},"author":1,"featured_media":665725,"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":[144,72,95,123,1936,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-665724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-automotive","tag-enterpriseam","tag-startup-watch","tag-startups","tag-sylndr","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"018e95c0-3aa0-4cfa-b182-2889196e3aa0","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/1807.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian auto platform Sylndr closes USD 15.7 mn funding round","related_issue":[665704],"teaser":"The round was led by Development Partners International via its Nclude Fund","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.6f873f55-af60-4cf9-941f-21e4df9ed95c.mp3"},"yoast_head":"\nSylndr closes USD 15.7 mn funding 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\/22\/sylndr-closes-usd-15-7-mn-funding-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sylndr closes USD 15.7 mn funding round\" \/>\n<meta property=\"og:description\" content=\"The round was led by Development Partners International via its Nclude Fund\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-22T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1807.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Sylndr closes USD 15.7 mn funding round\",\"datePublished\":\"2025-05-22T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/\"},\"wordCount\":338,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1807.jpg?fit=%2C&ssl=1\",\"keywords\":[\"automotive\",\"EnterpriseAM\",\"Startup watch\",\"startups\",\"Sylndr\",\"venture capital\"],\"articleSection\":[\"Startup watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/\",\"name\":\"Sylndr closes USD 15.7 mn funding round - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1807.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-05-22T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1807.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1807.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sylndr closes USD 15.7 mn funding round\"}]},{\"@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":"Sylndr closes USD 15.7 mn funding round - 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\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/","og_locale":"en_US","og_type":"article","og_title":"Sylndr closes USD 15.7 mn funding round","og_description":"The round was led by Development Partners International via its Nclude Fund","og_url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2025-05-22T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1807.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Sylndr closes USD 15.7 mn funding round","datePublished":"2025-05-22T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/"},"wordCount":338,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1807.jpg?fit=%2C&ssl=1","keywords":["automotive","EnterpriseAM","Startup watch","startups","Sylndr","venture capital"],"articleSection":["Startup watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/","url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/","name":"Sylndr closes USD 15.7 mn funding round - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1807.jpg?fit=%2C&ssl=1","datePublished":"2025-05-22T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1807.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1807.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/sylndr-closes-usd-15-7-mn-funding-round\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Sylndr closes USD 15.7 mn funding round"}]},{"@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":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1807.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1807.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1807.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":549911,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/05\/algebra-ventures-nets-usd-100-mn-first-close-on-second-fund\/","url_meta":{"origin":665724,"position":0},"title":"Algebra Ventures nets USD 100 mn first close on second fund","author":"enterpriseam admin","date":"5 October 2022","format":false,"excerpt":"Venture capital firm Algebra Ventures\u2019 second fund has reached a USD 100 mn first close, surpassing the USD 90 mn initially targeted, according to a companystatement(pdf). The VC outfit plans to invest USD 15 mn in startups by the end of this year and to reach final close on the\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\/10\/138.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":665724,"position":1},"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":546660,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/24\/used-car-retailer-sylndr-raises-usd-12-6-mn-in-pre-seed-round\/","url_meta":{"origin":665724,"position":2},"title":"Used-car retailer Sylndr raises USD 12.6 mn in pre-seed round","author":"enterpriseam admin","date":"24 May 2022","format":false,"excerpt":"Online used-car retailer Sylndr has raised USD 12.6 mn in a pre-seed round led by RAED Ventures, the startup said in a press release (pdf). Other participants in the round included Algebra Ventures, Nuwa Capital, 1984 Ventures, Global Founders Capital, and regional and international angel investors.That\u2019s a huge raise for\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\/5\/319.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":583856,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/21\/edtech-platform-almentor-raises-usd-10-mn-in-pre-series-c-round-plus-acasia-ventures-invests-in-credable\/","url_meta":{"origin":665724,"position":3},"title":"Edtech platform Almentor raises USD 10 mn in pre-series C round. PLUS: Acasia Ventures invests in Credable.","author":"enterpriseam admin","date":"21 March 2023","format":false,"excerpt":"The money will be used to launch in Saudi Arabia and build out its B2C segment","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\/2023\/3\/almentor-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546261,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/10\/paymob-closes-usd-50-mn-series-b-round-wants-to-enter-gcc-this-year\/","url_meta":{"origin":665724,"position":4},"title":"Paymob closes USD 50 mn series B round, wants to enter GCC this year","author":"enterpriseam admin","date":"10 May 2022","format":false,"excerpt":"Paymob closes Egypt\u2019s largest ever fintech series B round: Fintech startup Paymob raised USD 50 mn in a series B round, it announced in a statement (pdf) yesterday, calling it the largest round of its type for an Egyptian fintech firm. The round was led by emerging market investor Kora\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\/5\/114.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":665724,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665724","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=665724"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665724\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/665704"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/665725"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=665724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=665724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=665724"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=665724"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=665724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}