Wamda

Egypt

Egypt’s Masroofi raises $1.5 million

Egypt-based fintech Masroofi, has closed a $1.5 million investment round from undisclosed investors. Founded in 2022 by Mostafa...

Masroofi Fintech

Egypt

The B2B marketplaces looking to support Egypt’s restaurants

Egypt’s economic woes seem to have bypassed one particular sector - restaurants. The past few years have seen the establishment of...

B2B marketplace

Egypt

Saudi VMS acquires minority stake in Egyptian accelerator Cash Cows

Saudi VMS, a startup accelerator based in Saudi Arabia, has acquired a minority stake in its Egyptian counterpart, Cash Cows. The...

Cashcows

Egypt

Egypt’s Agel raises pre-Seed round for its Shariah-compliant fintech platform

Egyptian fintech startup Agel has raised a seven-figure pre-Seed round from Plus Venture Capital (+VC) and Seedstars International...

Agel

Egypt

Egypt’s TFK acquires Opio to create all-in-one ecosystem

Egypt-based fashion e-commerce marketplace The Fashion Kingdom (TFK) has acquired OPIO, a direct-to-consumer (D2C) fashion brand, for an...

Opio TFK The Fashion Kingdom

Egypt

DMZ Cairo, EBank launch fintech bootcamp for Egyptian startups

DMZ Cairo has partnered with the Export Development Bank of Egypt (EBank) to launch a fintech bootcamp for early-stage Egyptian startups...

DMZ Cairo

Egypt

Acasia Angels invests in UK medtech Precision Cardiovascular

Egypt-based angel investment group “Acasia Angels” has participated in the $750,000 Seed round in UK-based medtech Precision...

Acasia Angels Precision Cardiovascular medtech

Egypt

Egypt announces five-year tax exemption for startups

President Abdul Fattah El Sisi has announced a five-year tax exemption for startups, with an aim to boost the country’s ecosystem...

Egyptian ecosystem Startups in Egypt

Egypt

Saudi Arabia's magnetic pull: should Egypt be concerned about startup migration?

Last month, Egyptian business tycoon Samih Sawiris announced that he would halt all new investments in Egypt and will instead shift his...

Saudi Arabia

Egypt

Logistics startup Trella raises $3.5 million from Avanz Capital Egypt

Egypt’s marketplace for trucks, Trella, has raised $3.5 million from newly-launched private equity fund Avanz Capital Egypt. The...

Trella

Egypt

The Greek Campus merges with MQR

The Greek Campus has announced a merger with MQR, a facilities management services provider. This merger will enable both parties to...

Greek Campus MQR

Egypt

Egypt’s Rology acquires Saudi Arabia-based Arkan United

Egypt-based healthtech Rology has acquired Saudi Arabian counterpart Arkan United. The value of the transaction was not disclosed. The...

Rology

Egypt

The startup braving the odds in Upper Egypt

Opportunities for young graduates are limited in Upper Egypt, that is in the southern governorates of the country, which account for some...

Upper Egypt Sal7lyy

Egypt

Acasia Ventures leads Balad’s seven-figure pre-Seed round

Egypt-based fintech Balad has raised a seven-figure pre-Seed round led by Acasia Ventures. Other investors in the round included Launch...

Acasia Ventures Balad Fintech

Egypt

Morni invests in Egypt’s Helpoo

Saudi Arabia-based mobility solutions platform Morni, has invested in its Egyptian counterpart, Helpoo. The deal, whose value is...

Morni Helpoo Exits.me

Egypt

Egypt-based VC DisrupTech raises $5 million investment from Proparco

Egypt-based VC fund DisrupTech Ventures has received a $5 million investment from Proparco. Founded in 2021, DisrupTech is an...

Disruptech Proparco

Egypt

Nigeria-based Autochek acquires majority stake in Egypt’s Autotager

Nigeria-based car financing platform Autocheck, has acquired a majority stake in Egypt's used cars marketplace, AutoTager, which was...

AutoCheck AutoTager

Egypt

Acasia Angels invests in Greek startup Swaplanet

Egypt-based Acasia Angels has joined the €485,000 ($529,000) pre-Seed investment round in the Greece-based retail apparel swap...

Acasia Angels Swaplanet

Egypt

Camel Ventures launches $16 million fund to back fintech in Egypt

Egypt-based Camel Ventures has launched a $16 million VC investment vehicle “Camel Ventures for Investment I (CVI)”. The...

Camel Ventures Fintech CVI

Egypt

Acasia Ventures invests in Fez’s $1 million Seed round

Egypt-based VC firm Acasia Ventures has participated in the $1 million Seed round raised by the Lagos-based last-mile delivery platform...

Acasia Ventures Fez Last mile

Egypt

Tactful AI: Tracing the pivots before the exit

In 2016, Egyptian entrepreneur Mohamed Elmasry moved to the UK, in hopes of building a local tech product with global know-how and impact....

deeptech Tactful AI

Egypt

Egypt's economic crisis in focus at RiseUp's 10th summit

For the past decade, RiseUp has been one of the most influential startup events in Egypt and the wider Middle East and North Africa region....

RiseUp

Egypt

tabby halts operations in Egypt

UAE-based buy now and pay later (BNPL) startup tabby, has shut down its operations in Egypt five months after launching its service in the...

Tabby Fintech BNPL

Egypt

Hollydesk raises $1 million venture debt

Egypt-based fintech Hollydesk has raised $1 million in venture debt financing from unknown investors. Founded in 2020 by Mahmoud...

Hollydesk Fintech

Thought Leadership

All the information you need to navigate Mena's startup ecosystem

Thank you