Egypt

Starting a Business

Power in Partnership: Efreshli Co-Founders Heba Elgabaly and Dina Elhaddad

Two trailblazing women shaping the future of interior design in the MENA region.

Finance

Paymob Extends Its Series B To US$72 Million With The Investments Of EBRD Venture Capital And Endeavor Catalyst

The extension round follows Paymob's continued profitability in its core market of Egypt having recorded six times revenue growth since the initial Series B funding in Q2 2022.

Business News

Fueling An Ecosystem: Meet 10 Of Egypt's Most Active Venture Capitalists

The most active investors in Egypt, purely based on the number of deals, are primarily local.

Starting a Business

A Catalyst For Startup Growth: Flat6Labs, Egypt's Most Active Tech Investor

As one of the first seed and early-stage venture capital firms in the MENA, Flat6Labs has been instrumental in empowering thousands of entrepreneurs with daring ambitions, fundamentally nurturing the startup culture across the region.

Growth Strategies

Success Story: A Look At Fawry's Journey To Become Egypt's First Unicorn Startup

Fawry's journey to reaching unicorn status was a long one driven with strategic moves and focused vision, up until a landmark moment in 2019 when the company put 36% of its shares on the Egyptian Exchange (EGX).

Finance

Through Its Investments In Fintech Innovation And Financial Inclusion, Nclude Is Driving Egypt's Digital Transformation

Nclude has funded startups across fintech such as Paymob, Khazna, Lucky, and FlapKap, and it also has done investments in proptech, healthtech, foodtech, and agritech.

Growth Strategies

For Egyptian Startups Considering Expansion, Africa Might Be Where They Have A Competitive Edge

There are many markets in Africa that are looking increasingly attractive for Egyptian startups to not only compete in, but where Egyptian startups may have the competitive edge.

Finance

Egypt's Most Active Investors: Here Are The Global, Regional, And Local Players Fueling the Country's Startup Ecosystem

Egypt's investor landscape has a fair mix of local, regional, and international investors ploughing funds into the ecosystem.

Growth Strategies

How Egypt's MNT-Halan Went From Its Ride-Hailing Roots To Becoming A Payments Super App Unicorn In 2023

MNT-Halan offers loans, buy-now-pay-later (BNPL) options, e-commerce, and more through its payment-processing software Halan Neuron, as well as its digital cards and wallets.

News and Trends

The Impact Of Egypt's Currency Devaluation On Its Local Startups

Once economic woes coupled with a devalued currency regime environment is present, it has an inevitable knock-on effect on a country's startup ecosystem.

Growth Strategies

10 Graphs You Need To See To Understand Egypt's Startup Ecosystem

These modern-day dynasties are creating solutions that don't just serve Egypt, but reverberate across continents.

Starting a Business

A New Report By Lucidity Insights In Partnership With Entrepreneur Middle East Takes A Deep Dive Into Egypt's Startup And Investor Ecosystem

Egypt is the MENA's most populous country, Africa's third most populous market, and the world's 15th most populous nation, being home to over 110 million inhabitants.

Finance

Cairo-Headquartered Beltone Holding Achieves Net Profit Of EGP514 Million In Q1 Of 2024

The company's consolidated financial and operational results for the period ending March 31, 2024 revealed remarkable growth.

Finance

Cairo-Headquartered Fintech Valu Launches Ulter, A Payment Program For Luxury Purchases

Ulter has the highest credit limit in the country, and offers flexible repayment plans spanning up to 60 months with no down payment, subject to the financed amount.

News and Trends

EFG Hermes ONE Becomes The First Financial Platform In Egypt To Receive Financial Regulatory Authority Approval For Its Digital Onboarding Process

With the introduction of this optimized digital onboarding process for investment portfolios up to EGP5 million, investors can now seamlessly register accounts on EFG Hermes ONE to trade on the Egyptian Stock Exchange.