Egypt
IFC commits $60M to Boost Egypt’s MSME Financing, Partners with Suez Canal Bank and Attijariwafa Bank
The International Finance Corporation (IFC), a member of the World Bank Group, has committed USD 60 million to strengthen financing for micro, small, and...
Egypt’s AI startup MidLyr Raises $2.5m to Modernize Global Banking Operations
AI infrastructure startup MidLyr has raised $2.5 million in pre-seed funding to redefine how banks and fintechs manage risk and streamline their financial operations.
The...
How Egypt-Saudi Startup Valents Plans to Advance Arabic-Speaking AI Employee with Newly Secured $1.5M Fund
Velents(dot)ai, a rising Egypt-Saudi artificial intelligence startup, has raised $1.5 million in fresh funding from angel investors, including senior executives from Google and Boston...
Breadfast Expands Into Fintech With Launch of Breadfast Pay, Eyes Egyptian Super-App Future
Egyptian quick commerce startup Breadfast has unveiled its new fintech arm, Breadfast Pay, in a major step toward becoming Egypt’s next super-app, a single...
How South Africa’s Locstat Plans Expansion to UK, Europe with Newly Secured €2.5 Million Fund
South African artificial intelligence (AI) startup Locstat has raised €2.5 million (US$2.3 million) in a pre-Series A funding round to accelerate its market expansion...
Egypt’s SehaTech, With $1.1m Fund, Plans to Reposition Health Insurance Automation in the Region
Egyptian InsurTech startup SehaTech has raised $1.1 million in seed funding to strengthen its mission of digitizing and automating health insurance administration through artificial...
Egypt’s Cleantech Pioneer Tagaddod Secures $26.3 Million to Power Global Biofuels Supply Chain
Egypt-based renewable energy startup Tagaddod has raised $26.3 million in Series A funding, marking a major step in its mission to transform waste oil...
Reme-D: How Egypt’s Biotech Startup is Building Affordable Molecular Diagnostics to Transform Africa’s Healthcare
When Egypt confirmed its first COVID-19 case on 14 February 2020, the country was thrust into a diagnostic crisis. Test kits were scarce, imports...
Egypt’s Intella Partners with Visa to Revolutionise Arabic AI for Banking
Egyptian Cairo-based startup Intella, the market leader in dialectal Arabic speech intelligence, has entered into a landmark partnership with Visa, the global payments technology...
Egypt’s Instabug Rebrands as Luciq to Signal Broader Tech Ambitions: Why It Matters
Egyptian startup Instabug, a pioneer in mobile app performance monitoring, has officially rebranded as Luciq, marking a decisive shift from its early focus on...
Egypt’s Farid Expands to Saudi Arabia With $1.2m Partnership to Train Thousands of Youth and Children
Egyptian ed-tech startup Farid is making its first regional move beyond its home market, opening a central operations office in Riyadh and signing a...
Africa Rising: Egypt launches ‘Digitopia,’ its biggest national technology competition
Egypt has launched its largest-ever technology competition, Digitopia, attracting over 25,000 contestants and 6,500 teams from across the country to compete in artificial intelligence,...
