FinTech News
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Egypt’s Agel raises pre-Seed round for its Sharia-complaint fintech platform
The newly raised funds will be deployed to allow Agel to become a licensed non-banking financial institution, fine-tune its product, and accelerate it
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Paymob and Chefaa lead digital transformation of pharma retail payments in Egypt
Customers Benefit from Streamlined Transactions and Secure Payment Experiences.
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Egypt hires private company to develop digital services platform for Egypt's SMEs
MSMEDA partnered with digital platform developer eAswaaq Misr to manage, operate and market Egypt's inaugural online services platform for SMEs.
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Arma Group embarks on digital transformation journey powered by SAP
Partnership with SAP will see popular Egyptian brand leverage cloud solutions at escalated pace, while also co-innovating on new FMCG solutions.
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One Finance, CRIF Egypt team up to boost Egypt’s consumer financing services
This partnership secures access for One Finance to fully use CRIF's wide range of services.
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Fawry teams up with Infobip to boost electronic payment services
Fawry is an e-payment platform in Egypt, serving the banked and unbanked population.
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ValU partners with Telda
To offer instant cash redemption and installment solutions to users of “Sha2labaz” in the first-of-its-kind digital offering in the Egyptian market.
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First Abu Dhabi Bank Egypt launches ‘Access’ portal for electronic payments
The “Access” portal is the latest electronic payment solution that suits the needs of all business categories.
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Egypt’s Intella relocates headquarters to Saudi Arabia after KSA’s AI boom
Kingdom is becoming a hub for tech companies, says Intella CEO and founder Nour Taher.
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MFS Africa wins top fintech award in Egypt
The Fintech of the Year award also acknowledges MFS Africa’s dedication to transforming the financial sector in Africa.
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NileSat posts 2.8% YoY higher profits in Q1
NileSat is an Egypt-based public shareholding company.
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valU partners with digital real estate co-ownership platform Partment
The properties are fractionalized into up to eight parties, allowing each to own an equal share in the property value and spend 41 nights per year.
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Mastercard, GIZ Egypt, and ElRehla announce the launch of the third annual fintech retreat
Under the patronage of FinTech Egypt - an initiative by the Central Bank of Egypt - and the Financial Regulatory Authority.
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Fintech Firm Axis Launches Digital Payments Platform for Small Businesses
With axis, small businesses can “streamline their payments to employees & suppliers digitally.”
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Egypt’s Paymob expands its footprint into Saudi Arabia
Saudi Arabia’s fintech sector will soon get a new player with Egyptian cashless services provider Paymob.
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Network International launches ‘networkpay’
The networkpay service simplifies payments for merchants, enabling them to accept electronic payments through different channels.
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Axis launches its digital payments platform for small businesses
axis has obtained the license from CBE for its open-loop mobile wallet, in partnership with Visa, the world leader in digital payments.
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CBE’s financial sector cybersecurity center becomes Egypt’s first to join global cybersecurity forum
EG-FinCIRT's achievement is in line with the Central Bank's strategic focus on strengthening cyber security within the financial and banking sector.
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EIB reinforces investment in Egyptian Fintech Sector
The visit also included prominent private equity leader and key investor in Money Fellows, Sawari Ventures.
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Egypt’s Fintech Balad Secures Seven-Figure Pre-Seed Fund Round Led by Acasia Ventures
The investment will be used to launch Balad’s remittance platform, develop its technology, hire new team members, obtain required licenses and more.