Burn Media Sites
Follow Us
More
More
More
More
More
More
More
More
Continue in 10 seconds
Venture capital •

Egyptian fintech Khazna lands seed investment in round led by Algebra Ventures

By Staff Reporter
Read next
https://www.facebook.com/pg/KhaznaApp/photos/?tab=album&album_id=643619612834902&ref=page_internal

Egyptian fintech Khazna has raised seed funding in a round led by leading Egyptian venture capital (VC) fund Algebra Ventures.

Tech publication MenaBytes reported in an article on Sunday (8 March) that the startup did not disclose the size of the investment. It said Accion Venture Lab, Accion’s seed-stage fund, also participated in the round.

According to its LinkedIn page, the startup was founded in April last year by Omar Saleh, Ahmed Wagueeh, Fatimah El Shenawy and Omar Salah.

Fintech Khazna aims to provide mobile banking services to over 20 million underbanked Egyptians

The startup aims to provide mobile banking services to what it says is over 20 million Egyptians who have little access to formal financial services.

MenaBytes reported that its first product is Khazna HR, an app that allows employers to offer cash advance to their employees to help them cover unforeseen emergencies.

Featured image: Khazna via Facebook

Staff Reporter

Read More
Supplied
Having won investment from the Rupert family, SA’s Quench Delivery is looking to go big
Startup news • 10 Mar 2020
Read More
More

News

© Memeburn 2024, a Burn Media publication.

No article may be published or reproduced without prior written permission from Memeburn.

cookie image

We use cookies

To improve your experience, deliver personalised content and advertising. Find out more by reading our cookie policy.

Accept

Sign up to our newsletter to get the latest in digital insights. sign up

Welcome to Ventureburn

Sign up to our newsletter to get the latest in digital insights.

By signing up for this email you agree to receive the latest info from Burnmedia Group.

Learn more via our Privacy Policy.