FinTech News
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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.
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Proparco, a French firm, invests $5 million in Egypt’s fintech sector
DisrupTech Ventures wants to give seed funding to up to 28 startups, with a main focus on those that offer services related to financial technology.
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Egypt grants Exits MENA securities promotion, underwriting license
Exits MENA, an Egypt-based fintech investment platform, was granted a securities promotion and underwriting license from the FRA.
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11 startups in MENA selected for the financial solutions for migrants accelerator program
These startups were selected from an applicant pool of 51, and consist of startups from Egypt, Jordan, Lebanon, the United Arab Emirates, and Qatar.
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Egypt dominates Forbes Top 30 Fintech Companies 2023 List
8 Egyptian Fintech companies are on Forbes' list of 30 top Fintech companies in 2023, here they are with a brief history of each.
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Egypt dominates Forbes Top 30 Fintech Companies 2023 List
8 Egyptian Fintech companies are on Forbes' list of 30 top Fintech companies in 2023, here they are with a brief history of each.
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Al Tadamun Microfinance Foundation launches its first mobile branch in Egyptian market
Al Tadamun Microfinance Foundation provides many diverse financing products that suit different segments of society.
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InstaPay now allows transactions from outside Egypt
InstaPay now allows the use of InstaPay application and financial transactions in real time outside Egypt through its app.