“This merger proves that massive, world-class tech companies can be built in Africa for Africa,” says Belal El-Megharbel, Co-CEO at Wasoko and MaxAB.
Mobile/e-wallets in Egypt have been increasing in popularity, accelerated by several initiatives from the Central Bank of Egypt (CBE), with the number of mobile wallets climbing to 39.4 million in 2023
The collaboration will contribute to the digital transformation of the Saudi financial services sector, in line with Vision 2030.
With a 10/10 score in funding and an 8 in talent and experience, Egypt’s capital city demonstrated its capacity to attract investment and nurture a skilled workforce essential for startup success.
The company's focus extends to electronic customer identification, electronic contract finalization, as well as electronic record registration, preservation, and retrieval.
