Egypt

MENA Platforms Leverage Social Commerce to Appeal to Connected Consumers

MENA Platforms Leverage Social Commerce to Appeal to Connected Consumers
MENA Platforms Leverage Social Commerce to Appeal to Connected Consumers
November 22, 2022  |  eCommerce

In Egypt’s eCommerce market, two retail models sit side by side. On the one hand, there are the big players, which provide a reliable service...

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Pure-Play Auto Retailers Leverage Immersive VR Car-Buying Experiences to Attract Buyers
Pure-Play Auto Retailers Leverage Immersive VR Car-Buying Experiences to Attract Buyers
November 21, 2022  |  Merchant Innovation

Considering that the Egyptian pound has lost nearly a quarter of its value against the greenback since the beginning of 2022, while the country’s car...

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Egyptian B2B eCommerce Platform SPEED Acquired by X-ERA
Egyptian B2B eCommerce Platform SPEED Acquired by X-ERA
November 11, 2022  |  Partnerships

The UAE-based logistics tech company X-ERA has completed its takeover of the Egyptian business-to-business (B2B) eCommerce platform SPEED, Martechvibe reported Thursday (Nov. 10). The Emirati logistics...

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Egyptian Digital Lender Blnk Raises $32M
Egyptian Digital Lender Blnk Raises $32M
November 10, 2022  |  Investments

Blnk, an Egyptian buy now, pay later (BNPL) startup, has raised $23.7 million in equity and debt funding and a further $8.3 million via securitized...

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Mastercard Supports Digital Transformation in Egypt
Mastercard Supports Digital Transformation in Egypt
November 09, 2022  |  Partnerships

Mastercard has partnered with Arab African International Bank (AAIB) as part of its efforts to accelerate the digital transformation of Egypt’s financial system. Through the...

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B2B Marketplace MaxAB Raises $40M for MENAP Expansion
B2B Marketplace MaxAB Raises $40M for MENAP Expansion
October 19, 2022  |  B2B Payments

The Cairo-based B2B eCommerce and distribution business MaxAB on Wednesday (Oct. 19) announced the close of a $40m pre-series B funding round to fuel its...

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FinTech One Finance Debuts BNPL Solution In Egypt
FinTech One Finance Debuts BNPL Solution In Egypt
October 16, 2022  |  BNPL

Integrated financial services platform One Finance has announced that it is rolling out a new buy now, pay later (BNPL) product for the Egyptian market,...

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Mastercard Backs nClude to Further Financial Inclusion in Egypt
Mastercard Backs nClude to Further Financial Inclusion in Egypt
October 12, 2022  |  Partnerships

Mastercard is investing in and collaborating with African technology company nClude to foster further financial inclusion across Egypt while also enhancing the country’s FinTech ecosystem....

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