Money Fellows has achieved $1.5 billion in total transaction value, backed by over $60 million in funding from local and international investors

PALM, Egypt’s first incentivized goal-based investment platform, has officially launched following the completion of its pre-seed funding round led by 4DX Ventures, with participation from Plus VC and a group of global angel investors, as per an emailed press release.

Lime Consumer Finance, Egypt’s largest platform for education financing and a wholly owned entity of the UAE’s First Abu Dhabi Bank Group, has officially launched in the fintech ecosystem.

The Financial Regulatory Authority (FRA) granted its approval for five companies to use fintech tools in the non-banking financial sector, according to a statement.

The Governor of the Central Bank of Egypt (CBE), Hassan Abdulla, received his Chinese counterpart Pan Gongsheng in Cairo, where the two officials discussed enhancing bilateral financial cooperation and witnessed the signing of three memoranda of understanding (MoUs) aimed at deepening economic ties.

The Central Bank of Egypt (CBE) has approved the request from key limited partners of the Nclude FinTech Fund to name Development Partners International (DPI) as the new fund manager

WaffarX, Egypt’s leading fintech cashback solution, has entered a new strategic partnership with DGTERA, a fast-growing provider of smart solutions in the food and beverage (F&B) and retail sectors.

ElGameya has closed a new 7-figure USD investment round to accelerate the development of its tech platform

Visa and MDP have announced a strategic partnership aimed at accelerating fintech growth in Egypt by enabling financial technology firms and non-banking financial institutions (NBFIs) to expand their services and drive market innovation.

Trevi, an e-payment and loyalty app, has been recently launched in Egypt and is set to transform the country’s digital financial landscape with seamless, secure, and rewarding transactions.

XPay, a leading fintech startup, has entered a strategic partnership with Huawei Cloud Services to enhance digital payment solutions for businesses across Egypt

The rapid evolution of financial technology (FinTech) marks a pivotal moment for Egypt’s economy. As one of the largest markets in the MENA region, Egypt is well-positioned to leverage fintech’s potential and drive a competitive digital economy. In recent years, initiatives by the Central Bank of Egypt (CBE) and other financial institutions have prioritized enhancing digital financial literacy among citizens. By expanding fintech literacy, Egypt can unlock the full potential of fintech solutions and provide tailored financial products to underserved populations.

Masria Digital Payments (MDP), Africa's largest payment provider, has completed the migration of North African Bank’s card processing systems, marking its entry into the Libyan market.

taly, a leading digital payments platform in Egypt, has teamed up with Telda to launch a game-changing service that enables Telda users to deposit funds into their accounts instantly using any bank card.

oliv, a digital invoice financing company, has secured Egypt’s first digital factoring license from the Financial Regulatory Authority (FRA).

MNT-Halan, the leading Egyptian fintech company, has entered the UAE market as part of its expansion across the region.