FinTech News
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Top 10 fintechs from Egypt
Egypt has a growing fintech industry that is focused on promoting financial inclusion and making banking services available for all Egyptians.
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Egyptian fintech startup Yalla to expand into Saudi Arabia
Yalla aims to introduce its Super App, along with its "Yalla Card" solution providing daily financial and non-financial needs to users in Saudi Arabia
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Egypt’s Glamera obtains fintech license to expand in Saudi Arabia
The startup has tens of thousands of users and hundreds of providers in Egypt, and is also active in Riyadh, Saudi Arabia.
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Mastercard and Ingiz team to launch digital payments app in Egypt
The company encourages young users to earn, save and spend money with gamified in-app features.
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Saudi Arabia partners with Egypt and Turkiye on digital economy
These discussions reflected the Kingdom’s commitment to fostering international partnerships in the realm of digital transformation.
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Egypt's e-finance eyes launching a digital bank
The Egyptian state-owned company E-Finance For Digital and Financial Investments is studying launching a digital bank.
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Egypt e-payment leader Fawry to launch new digital bank by end of 2023
Fawry, Egypt's leading e-payment solutions provider, announced a plan to turn its online payment portal myFawry into a digital bank in 2023.
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Egyptian pharma startup Grinta acquires counterpart Auto-Cure to expand footprint
Grinta is a managed marketplace that modernises the pharmaceutical supply chain by empowering independent pharmacies.
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Central Bank of Egypt partners with London Banking Institute for talent development
The MOU will focus on collaboration on talent development for the workers in the Egyptian financial sector,
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Egypt’s Dominant Fintech Fawry Takes On SME Financing In Growth Push
Fawry has grown to become Egypt’s largest e-payments platform, valued at more than USD 2bn.
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UAE, KSA and Egypt Play Key Roles in Growing Middle East Fintech
The tech savviness of consumers in the Middle East, especially in the UAE, is a large reason the fintech industry has continued to grow.
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Opay plans to apply for digital bank license in Egypt
The step is part of OPay's commitment to playing a role in expanding Egypt's digital economy.
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Banknbox sets up $10 mln regional HQ in Egypt to offer integrated banking tech
Cairo-based financial services company Banknbox announced the opening of its $10 million regional headquarters in Egypt.
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Fintech serves as keystone element in banking, financial development in Egypt
Various solutions are presented in the Egyptian financial technology market every year, making Egypt a fertile environment.
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INTERVIEW: Egypt promotes a digital-first economy, says Canon’s MD
Japanese optical, imaging, and industrial producer Canon perceives Egypt as a leading market in North Africa in terms of digital transformation effort
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Egypt’s e-payment firm Fawry plans to expand into Saudi market
The move is part of its regional expansion plans into the Gulf Cooperation Council region, Fawry said in a press release.
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Egypt’s Qardy plans to scale debt financing marketplace in partnership with country’s post office
Founded in July 2022, Qardy facilitates loans for MSMEs, with founder Abdel Aziz Abdel Nabi saying the startup’s goal was to be the “Amazon of lending
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Egyptian FinTech Startup Flash Secures $6 Million Funding to Accelerate Contactless Payment Expansion
Flash, aims to revolutionize the payment landscape by offering innovative solutions to consumers and businesses.
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Egyptian digital savings startup Menthum secures pre-seed funding
Egyptian digital savings startup Menthum has secured an undisclosed pre-seed round of funding to help it expand its team and develop infrastructure.
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Seamless North Africa 2023 conference highlights promising Egyptian fintech market
The two-day Seamless North Africa 2023 conference, which concluded Tuesday, highlighted Egypt's efforts to transform into a digital economy.