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egyptian startups

Fintech Money Fellows raises $31M in series B round to boost growth

Money Fellows is a mobile-based platform that that digitizes money circles or Rotating Savings and Credit Associations (ROSCAs) that are widely known as “Gameya” in Egypt and other Arab countries

Egyptian startups received $500M in FDIs in 2022 | MCITMin

Floating the exchange rate between USD/EGP will help in attracting more investments to Egyptian startups in the last two months of 2022, the minister stated

Digital exports hit $4.9B in FY2021/2022, ICT sector grew 16.3% | MCITMin

The ICT sector’s budget rose by 22.6% in FY2022/2023, compared to the previous fiscal year, with Egypt aiming to boost the sector’s exports

B2B e-commerce startup Capiter removes co-founders for “inability to fulfill duties”

Stepping up to the plate is Majid El Ghazouli, Capiter’s CFO, who will act as interim CEO until the Nouh brothers “return and allay the concerns of employees, suppliers, creditors and stakeholders.”

ITIDA Celebrates Winners of ‘Attaa Digital Hackathon’ in Egypt to Enrich Arabic Tech-related Content

The Hackathon, held from August 29th to 31st, in Egypt as part of the Saudi Attaa Digital initiative, aimed to raise digital awareness and strengthen partnerships with academic entities and universities