Egypt

Amazon Offers BNPL Option to Shoppers in Egypt
Amazon Offers BNPL Option to Shoppers in Egypt
May 13, 2022  |  Retail

Amazon is giving customers in Egypt access to buy now, pay later (BNPL) thanks to a consumer financing offering from valU Consumer Finance. According to...

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Egypt’s PayTabs Unveils Social Commerce Platform Paymes
Egypt’s PayTabs Unveils Social Commerce Platform Paymes
May 12, 2022  |  Social Commerce

Egyptian payment company PayTabs has launched Paymes, a new social commerce platform for customers in the Middle East/North Africa (MENA) region. As the company said...

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Egyptian eCommerce Startup Mylerz Raises $9.6M
Egyptian eCommerce Startup Mylerz Raises $9.6M
May 11, 2022  |  Investments

Egyptian eCommerce fulfillment startup Mylerz is looking to expand following a $9.6 million in a growth funding round. As Magnitt reported Wednesday (May 11), the...

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Kemitt Expands Egyptian eCommerce Offering with B2B Platform
Kemitt Expands Egyptian eCommerce Offering with B2B Platform
April 25, 2022  |  B2B Payments

Egyptian eCommerce startup Kemitt has unveiled a B2B platform as part of its ongoing diversification beyond its B2C offering, according to a Disrupt Africa report...

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Cash-Back Credit Cards Increase Financial Flexibility, Spending Power of MENA Consumers
Cash-Back Credit Cards Increase Financial Flexibility, Spending Power of MENA Consumers
April 14, 2022  |  Loyalty & Rewards

Like other emerging markets, the Middle East and North Africa (MENA) has one of the largest underbanked populations in the world, with more than 90%...

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Egyptian FinTech App Khanza Lands $38M in Series A
Egyptian FinTech App Khanza Lands $38M in Series A
March 31, 2022  |  Investments

Khazna, a FinTech app aimed at helping Egypt’s unbanked/underbanked residents, has raised $38 million in debt equity in a Series A funding round. As The...

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Egypt FinTech Rewards App Lucky Grabs $25M in Series A Funding Round
Egypt FinTech Rewards App Lucky Grabs $25M in Series A Funding Round
March 21, 2022  |  Investments

Egyptian cash back rewards app Lucky on Monday (March 21) wrapped up a $25 million fundraising round that is the largest Series A funding effort...

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Egypt’s Food Delivery Startup Elmenus Secures Backing from Uber’s Careem
Egypt’s Food Delivery Startup Elmenus Secures Backing from Uber’s Careem
February 28, 2022  |  Investments

Egyptian food-delivery startup Elmenus secured an undisclosed investment from Uber-owned ride hailing and food-delivery platform Careem, which is headquartered in Dubai and operates in over...

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World Bank Backs Egypt’s $50M Venture Capital Program
World Bank Backs Egypt’s $50M Venture Capital Program
February 25, 2022  |  Investments

Egypt’s Minister of Trade and Industry Nevine Gamea, executive director of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), on Friday (Feb. 25) announced...

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