The funding round was led by Saudi Arabia headquartered Merak Capital with participation from 500 Global and MSAS
Five of Egypt’s biggest FinTech players were ranked among top regional companies in this years’ top 25 FinTech companies 2022 by Forbes Middle East
Mobile wallets are becoming more popular as the number of transactions using mobile wallets have more than doubled annually, hitting 212 million transactions
Egypt’s information and communications technology (ICT) sector saw a growth rate of 16.7% in FY 2021/2022, MCIT minister Talaat added
The platform has garnered more than 200 local and international brands, serving more than 135,000 customers, according to TFK
