FinTech News
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Egypt’s Fintech Hollydesk Secures $1 Million in Venture Debt Financing
Egypt’s fintech Hollydesk has secured $1 million in venture debt financing from undisclosed investors.
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UAE-based Tabby suspends operations in Egypt
The Mubadala-backed BNPL platform says it will prioritise core markets, citing ‘recent macroeconomic developments’.
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Amazon Payment Services launches the re:Imagine payments forum
The forum’s first white paper shows that digital payments will double across Egypt, United Arab Emirates, and Saudi Arabia 2023.
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E-finance logs $26.27mln consolidated profits in 2022; dividends unveiled
During the fourth quarter (Q4) of 2022, e-finance recorded a 12.80% year-on-year (YoY) drop in net profit after tax to EGP 121.50 million.
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PaySky, Dahab Masr team up to offer gold investment through online app
Egypt-based digital payment provider PaySky announced on Sunday a partnership with Dahab Masr to offer an online gold investment app.
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Egyptian FinTech investment set a new record in 2022 driven by large deals
Cairo was the most active city in Egypt with 30 deals, accounting for 81% of FinTech deals in the country during 2022.
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Wafeq: the fintech catering to regional standards
A homegrown solution for accounting software always dominated the market and held a 10x larger market share compared to the second largest player.
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Network International introduces direct to merchant payments acceptance service in Egypt
Launch under new ‘networkpay’ brand to boost digital payment acceptance & financial inclusion in Egypt.