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Tech

Egyptian startup Convertedin secures $3M in seed round to develop platform

The funding round was led by Saudi Arabia headquartered Merak Capital with participation from 500 Global and MSAS

5 of Egypt’s biggest FinTech players make it on Forbes ME’s Top FinTech Companies 2022

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

Egyptians are more aware of e-payment options, mobile wallet transaction value up 161%

Mobile wallets are becoming more popular as the number of transactions using mobile wallets have more than doubled annually, hitting 212 million transactions

Digital services exports hit $4.9B in FY2021/2022 | MCITMin

Egypt’s information and communications technology (ICT) sector saw a growth rate of 16.7% in FY 2021/2022, MCIT minister Talaat added

Ecommerce platform The Fashion Kingdom raises $2.6M in funding round

The platform has garnered more than 200 local and international brands, serving more than 135,000 customers, according to TFK