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FinTech

MNT-Halan expands already diverse range of services with Talabeyah acquisition

Currently, MNT-Halan provides FinTech services including small business and consumer lending, payments, and e-commerce, as well as delivery and ride-hailing services

FinTech Paymob secures $50M round, including investment by PayPal Venutres

Paymob’s omnichannel payment infrastructure enables businesses to accept digital payments both online and in-store, as well as providing them better access to financial services

Financial inclusion surges 115% since 2016, 56.2% of eligible adults now have accounts

Female financial inclusion also saw a significant jump, climbing 171% by the end of 2021 compared to 2016

Global Ventures and Egypt’s largest national banks launch FinTech support fund

The fund also has a plan to attract further investment from prominent regional and international investors

Visa and FinTech Egypt launch Visa Everywhere Initiative and competition in Egypt

The CEMEA regional winner will then move on to the global finale in Qatar in November 2022 where up to $170,000 (approximately 2,700,000 EGP) in total prize money will be awarded