TechCrunch

DECEMBER 9, 2021

But in countries such as South Africa and Egypt, there is a newfound surge in demand for such services. But there’s a little twist to Sympl’s offerings which the founders made in a bid to localize its product for the Egyptian market. So I think this would be our first regional step out of Egypt.”. The most likely destination?

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TechCrunch

SEPTEMBER 8, 2021

Over 70% of Egypt’s young and fast-growing population of over 100 million is financially underserved despite mobile penetration exceeding 90%. One such fintech is MNT-Halan , and today, the company which describes itself as “Egypt’s leading fintech ecosystem” is announcing that it has closed a $120 million investment.

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TechCrunch

SEPTEMBER 15, 2022

The plan to grow its reach follows the launch of a new hub in Egypt that MVP Match will use to tap talent in Africa — with the aim of creating more networks in the region. We see entering Egypt as the first step in our exciting journey to bring the entire continent into the global talent pool.

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TechCrunch

NOVEMBER 3, 2021

And Egypt, buoyed by a young and growing population, is a big market across both regions. Breadfast currently serves 170,000 households in Egypt with more than 2,500 supermarket items. Amin said the company is targeting to deliver 6 million orders in Egypt in the next 12 months. this past year.

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TechCrunch

MAY 17, 2021

Egypt, one of the most active e-commerce countries in the region, is anticipated to grow 33% annually to reach $3 billion by 2022. Bosta is one such company in Egypt helping small businesses with logistics and last-mile delivery. Lynks, the first YC-backed company from Egypt, allows people in Egypt to buy brands from the U.S.,

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TechCrunch

SEPTEMBER 10, 2022

Other companies include OPay Egypt, elmenus, ExpandCart and Brimore. This information was further corroborated in a local news report where Capiter’s Board allegedly said that the executives had refrained from appearing before the board of directors after internal disturbances and disagreements over their management method.

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TechCrunch

OCTOBER 5, 2021

South Africa makes up a large bulk of it; without it, the continent is on a 1% to 2% rate even with other developed technology and financial markets like Kenya, Nigeria and Egypt. Founded by Shady El Tohfa , Omar Ezz El Din and Adham Nauman in 2020, Amenli addresses a $2 billion untapped insurance market in Egypt.

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TechCrunch

NOVEMBER 15, 2021

Founded in late 2019, the startup has expanded from Jordan into Egypt and Pakistan. ” Its competitors include offline tutoring centers as well as Noon Academy (a Saudi-based social learning platform); EdKasa (a Pakistan-based test prep app); and Ashtar (an Egypt-based learning app).

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TechCrunch

SEPTEMBER 13, 2021

Many of the manufacturers in Egypt today do not have the right infrastructure of the supply chain in place to reach merchants. Capiter partners with local banks in Egypt and the Central Bank to perform this. “We want to serve every single SME in the MENA region and expanding inside Egypt and globally.”

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TechCrunch

FEBRUARY 15, 2022

The new payment option is set to encourage shoppers to transact online because Egypt is currently a predominantly cash-on-delivery market, which El-Said said is a “costly operation for merchants.”. Contact is said to be among the first financial services platforms to introduce advanced credit scoring and collection mechanisms in Egypt. “We

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TechCrunch

JUNE 8, 2022

The dynamics that play into this forecast, aside from the impact of COVID, include a youthful population (the youngest globally), rising smartphone adoption and internet penetration that has led to a burgeoning tech ecosystem backed by local and international VC dollars. For investors, it hopes to help them build local market intelligence.

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TechCrunch

OCTOBER 19, 2022

Last year, MaxAB , the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 million Series A in two tranches ; the latter accompanied its acquisition of the Morocco-based and YC-backed WaysToCap. For MaxAB, that’s its sweet spot.

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TechCrunch

JULY 26, 2022

million in seed funding led by CVentures, a corporate venture capital firm based in Egypt. Antaki noticed a need for a platform that sold fashion products with fast deliveries, different payment methods, and a recommendation feature in Egypt. According to Statista, the total addressable market in Egypt is about $4.2

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TechCrunch

FEBRUARY 11, 2021

The venture capital scene in Africa has consistently grown, with an influx of capital from local and international investors reaching unprecedented heights in recent years. Egypt came third with its startups raising $269 million, while $259 million flowed into South African startups. million; Egypt came a close fourth with $141.4

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TechCrunch

JUNE 9, 2022

In addition to Tunisia, GOMYCODE is present in Bahrain, Morocco, Egypt, Algeria, Ivory Coast, Senegal and Nigeria. It also plans to deepen its presence in the countries already present, especially Egypt and Nigeria. We’re addressing a demand that almost no other company is capturing at our scale,” said the chief executive.

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TechCrunch

DECEMBER 8, 2021

In its next phase of expansion, Bento is eyeing Egypt, South Africa, Uganda, Tanzania, Angola and Ethiopia by the end of next year. Employers don’t have access to locally customized, world-class payroll and HRM tools, and employees can’t easily access third-party services to help make life easier.

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TechCrunch

JANUARY 27, 2023

Top countries: Big Four are still hotspots for African VC investment Briter Bridges: Companies in the “Big Four” (Nigeria, Kenya, Egypt and South Africa) captured 75% of all investment value and the number of deals. South Africa takes the second spot with 17%, Egypt at third at 16%, and Kenya at 15%. Kenya is a close second with $1.1

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TechCrunch

DECEMBER 6, 2021

The startup will hire local talents in Saudi Arabia to expand further. India, Egypt, Saudi Arabia, Germany, Hungary, and Jordan. We opened an office in Saudi and Egypt last year and planning to open more regional offices in different countries,” Hammo said. “We “We have employees in the U.S.,

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TechCrunch

MAY 30, 2022

Egypt-born and Dubai-headquartered mobility startup SWVL is planning to lay off 32% of its workforce it said in a statement today. SWVL is present in 13 markets globally: the UAE, Egypt, Kenya, Germany, Spain, Italy, Switzerland, Turkey, Japan, Argentina, Saudi Arabia, Jordan and Pakistan. And more importantly, this is not your fault.

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TechCrunch

MAY 4, 2022

“Our solution is for people in the local market moving into their first market or a company in their fourth market trying to scale their enterprise.” These countries include Nigeria, Kenya, Ghana, South Africa, Rwanda, Senegal, Togo, Tanzania, Ivory Coast, Egypt, Mauritius and Burkina Faso.

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TechCrunch

JANUARY 22, 2021

Egypt’s Shahry and Nigeria’s Evolve Credit are fintech startups building credit infrastructure for their markets. Shahry, on the other hand, employs an AI-based credit scoring engine so users in Egypt can apply for credit. Nelson also told TechCrunch that his finance background helped Evolve Credit raise its six-figure sum.

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TechCrunch

OCTOBER 27, 2022

The reasons were unclear, as both parties didn’t publicly comment on the situation; however, from various local news outlets, they ranged from mismanagement of funds to failure to report to the board and work out a potential merger, as well as internal disagreements over management methods. Now, here’s where it gets interesting.

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TechCrunch

FEBRUARY 14, 2023

According to a McKinsey report, most African countries have experienced double-digit insurance growth in CAGR in local currency over the last five years, thus positioning the region as the second-fastest growing for insurance globally after Latin America. As many as 2.8% Despite the abysmal number, there’s some good news.

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TechCrunch

MARCH 29, 2022

Churpy , a fintech startup based in Kenya, is looking to expand across Africa by setting up hubs in Egypt, Nigeria and South Africa for a planned continent-wide growth, driven by the $1 million in seed funding it has just raised.

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TechCrunch

AUGUST 25, 2022

Should any of these platforms expand into MENA, they’d need to integrate with the likes of Fawry, Paymob, and PayTabs, local payment providers already on the SubsBase platform, including global payment providers such as Stripe and PayPal. Sub-Saharan Africa is one of the regions where SubsBase is keen on serving businesses.

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The Verge

JUNE 8, 2021

Other countries where Private Relay won’t be available include: Belarus, Colombia, Egypt, Kazakhstan, Saudi Arabia, South Africa, Turkmenistan, Uganda, and the Philippines. The previous year, Apple removed several major VPN apps from its App Store in China in response to local regulations requiring VPN providers to have a government license.

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TechCrunch

OCTOBER 6, 2021

They never noticed such in Morocco before that, but it became evident after going back to the North African country that local mom and pop stores needed such service. Chari operates as a mobile app allowing small retailers to order products from partnering FMCG multinationals and local manufacturers and get them in less than 24 hours.

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TechCrunch

OCTOBER 11, 2021

Kenya, on the other hand, is still within its radar as one out of three countries (including Egypt and South Africa) Mono plans to expand into next year. Last September, the company had just completed a $500,000 pre-seed investment with a handful of local investors. However, not everyone measures growth this way.

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TechCrunch

NOVEMBER 3, 2022

Fifteen accelerators from key tech hubs, including Uganda, Egypt, Ghana, South Africa, Senegal, Nigeria, Ivory Coast, Kenya, Rwanda, and Tanzania will participate in the program. 500 Global’s take on the rising competition among startup accelerators.

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TechCrunch

JULY 25, 2022

Specifically, these are Indonesia, Vietnam and the Philippines in Southeast Asia (though Sosrodjojo said SIV II will also look at other countries); Pakistan and Bangladesh in South Asia; Egypt in MENA; and Mexico in Latin America. Another criteria is to back local founders. SIV II plans to follow on 25% of its portfolio.

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TechCrunch

AUGUST 9, 2022

So far, the company partners with media buying and advertising agencies and works with over 100 local and multinational brands across Africa, the Middle East and South America in the automotive, healthcare and technology industries.

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TechCrunch

FEBRUARY 28, 2022

Volopay’s platform provides startups and enterprises flexibility by issuing virtual and/or physical prepaid multicurrency corporate cards in their local currency (SGD, AUD, INR, IDR, PHP, etc) with up to 5% cashback on all card transactions. In addition, Volopay will hire aggressively in each of its new markets. .

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TechCrunch

OCTOBER 24, 2022

Madica said it is also keen on reaching underserved markets in the continent, outside the well-established hubs of Egypt, Kenya, Nigeria, and South Africa. This is part of its push to ensure a pan-African reach by supporting local, and women founders.

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NTEN

MARCH 16, 2011

. # 5 Macon Money Macon Money is an innovative project that aimed to unite social, racial, cultural, gender, and economic gaps - all while boosting the local economy! When two bonds are put together, they can be redeemed for goods and services in local businesses. Everyone wins!

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TechCrunch

OCTOBER 31, 2022

The startup works with partners including local car rental services and dealerships to source the cars, it said. It also wants to keep an eye out for expansion in markets like Qatar, Egypt, or Pakistan if it sees a substantial opportunity. It is not profitable yet, the startup said. Growing subscribe-to-own service.

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The Verge

JULY 12, 2021

Notably, though, Private Relay still only lets you navigate the web through your existing (rough) geographic location, so you can’t use it for more popular VPN activities — like streaming Netflix content from a different country or skirting local sports blackout rules. It’s missing a few major VPN features.

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TechCrunch

SEPTEMBER 21, 2022

While local retail apps such as Bamboo and Chaka offer U.S. That was the year MTN Ghana, a local telecom operator, went public in the West African country after raising about $237 million. “I The fintech, launched in 2020, is eyeing capital markets in Ghana, Kenya, Nigeria, South Africa, Morocco and Egypt.

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