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Equity financing best option for fintech firms to fund expansion
Equity financing helps companies raise money to fund their working and expansion capital needs via stock issuance.
NowPay fintech startup raises $2.1m in seed funding round
The new funds will be deployed to deepen the platform’s capabilities, expand its team, and establish its footprint in the Middle East and North Africa (MENA) region and beyond.
FRA approves draft law regulating fintech in non-banking financial activities
FRA Chairperson Mohamed Omran said that the approval will support the Egyptian state’s adoption of a policy providing a remote work environment based primarily on the safe exchange of information and supervision.
Prime Holding ventures into fintech through newly established company
The company’s establishment follows on from a Financial Regulatory Authority (FRA) initiative providing further regulation and governance of Egypt’s consumer finance industry, covered by Law Number 18 for 2020 that was issued in March.
Disruptech in advanced talks to invest in new fintech start-up
Okasha submitted his resignation from the Board of Directors of e-payment services company, Fawry, in March, to establish the Disruptech Fund. Fawry is set to be one of the investors in the new fund, which focuses on investments in Egypt with a target budget of $25m.
Fawry’s co-founder to establish $25m FinTech-focused VC fund
Fund’s promotional campaign to start after coronavirus crisis ends
Egypt’s Fawry, PaySky win Citi MENA Fintech Challenge
The Citi MENA Fintech Challenge offered the region’s Fintech community the opportunity to put their ideas into practice and come up with innovative solutions around four identified problem statements: digitising cash collections; assured payments, Business to business to consumer (B2B2C) enablement, and digitising trade processes.
2nd edition of E-commerce summit to tackle fintech, digital transformation in Egypt
The most advanced fintech players in the Egyptian market are the payment service providers and mobile wallets and both have been widely adopted by banks and telecom providers.
Seamless NA 2019: MerQ among top 5 emerging companies specialised in FinTech
MerQ’s participation comes within the framework of supporting the state’s strategy and the Central Bank of Egypt (CBE) to spread awareness of financial inclusion
CBE selects its historic building in downtown Cairo as the headquarters of FinTech Hub
Bank is launching its FinTech Hub, begins pilot phase in June
Cairo hosts Seamless North Africa 2019 conference on 17 June
Conference focuses on trends, innovations in financial technology
Citi invites Middle East, North Africa, Pakistan, Turkey Fintech Community
Group renews support to ‘Skills for Success: Employability Programme’ with AMIDEAST
AlexBank, SBC, Pride Capital partner to bring world’s biggest FinTech accelerator to Egypt
The Fintech accelerator programme is considered the first of its kind in Egypt, and will sustain 11 start-ups, both from Egypt and abroad, to accelerate the Central Bank of Egypt’s goal of making Egypt a global FinTech hub.
Startupbootcamp-Pride FinTech Cairo holds first Demo Day
The Demo Day comes after a three-month intensive acceleration programme, more than 180 one-to-one matchmaking sessions, awareness, engineering, validation, pitching, and growth-hacking modules, all resulting in 14 proof-of-concept engagements.
Vapulus launches world’s first free e-payment portal
Unlike all global players and e-payment processing companies, Vapulus launched its portal without subscription fees and no fixed fees per transaction.
Egypt, Morocco implement important fintech initiatives for modernisation of payment systems: IMF
IMF conducted survey on countries’ views on BFA’s priorities
Visa’s fast-track programme empowers start-ups in region with access to visa net capabilities: Otto Williams
Visa’s fintech fast-track programme empowers start-ups in the region with access to visa net capabilities, the Head of strategic partnerships, fintech, and ventures for Visa Central and Eastern Europe, the Middle East, and Africa (CEMEA), Otto Williams, stated. In an interview with Daily News Egypt, Williams talked about the company’s new fast-track programme, how the …
Visa announces fintech fast-track programme in Central, Eastern Europe, Middle East, Africa
Regional FinTechs will be able to connect to Visa’s payment network in four weeks
Wirecard: German fintech star's shares fall after police raid Singapore offices
Banks move toward digitisation, fintech
NBE launches first e-service branch; Banque du Caire to introduce first smart branch
CIB establishes CVentures, Egypt’s first corporate venture capital firm primarily focused on Fintech startups
Establishment of CVentures is evidence of CIB’s profound commitment towards supporting Egyptian financial sector: Abaza
Egypt’s Fintech venture, carrying hopes for inclusions, stumbled by lack of awareness
There is no denying that the world has revolutionised every aspect of modern society, from business to communication to entertainment. With the spread of high-speed internet throughout the entire globe, information is more accessible than ever before. All these lead to increasing numbers of mobile devices and cloud services, cross border payments, decreasing trust in …
Temenos, AUC Venture Lab and CIB cooperate to promote fintech in Egypt
Technological solutions, applications will contribute to integration of parallel economy
Sale of regional fintech start-up returns multiple of value of entire A15 Fund
A15 announces successful sale of 76% stake in TPAY to Helios Investment Partners
Major fintech conference aims to shed some light
Can fintech companies replace banks?
Cooperation between two financial services providers required for benefit of all, bankers say
Fintech in Egypt: the wheels turn slowly
It appears that businesses and individuals in Egypt need to adapt to the new technology by embracing the paradigm shift in financial activity.
Egypt has attracted $18b of such inflows since the flotation of the EGP: Jim Cowles
Jim Cowles, CEO of Citibank in Europe, Middle East, and Africa (EMEA), expressed his optimism towards the growth of the economy in Egypt and the opportunities it offers for financial transactions.