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Egyptian FinTech Paymob raises $18.5M Series A round for future expansions

The round includes $15 million in fresh capital and $3.5 million that came as its first tranche in July 2020

VC Algebra Ventures launches $90M fund to invest in Egyptian and MENA startups

Algebra stated that the $90 million fund is aiming for a first close in Q3 2021, however has not disclosed when it will begin drawing on the fund

Egypt’s ecommerce market blooms, gross merchandise value at $30B

“FinTech services in Egypt has flourished during COVID-19” wrote the infographic

CBE celebrates university students who were part of FinTech initiative

University students presented projects that met the current demands and needs of the Egyptian banking and financial market

Thndr leads FinTech consortium for new independent e-signature provider

The announcement comes after MCIT’s ITIDA announced three licenses are up for grabs for e-signature and timestamp services in a step towards a more digital economy less than a month ago