Cairo-based Nawy, Africa's largest proptech platform, which combines property listings with brokerage services, raised a $52M Series A led by Partech Africa
For decades, buying property in Egypt meant navigating a fragmented real estate market, relying on personal networks …
Cairo-based Money Fellows, which digitizes money circles or rotating savings and credit associations, raised a $31M Series B, bringing its total funding to $37M
Egyptian fintech Money Fellows has raised $31 million in what it describes as the first close of its Series B investment.
Cairo and Dubai-based ride sharing startup Swvl plans to cut 32% of its workforce, or 400 people, after going public via a SPAC merger in March 2022
Bloomberg :
Cairo-based Sylndr, which is building an online used car marketplace, raises a $12.6M pre-seed led by RAED Ventures and plans to launch in Q4 2022 or Q1 2023
Tage Kene-Okafor / TechCrunch :
Cairo-based Khazna, a “financial super app” that offers BNPL services and more, raises a $38M Series A in debt and equity led by Quona Capital
Tage Kene-Okafor / TechCrunch :
Cairo-based Capiter, which offers a B2B service for manufacturers to distribute products and merchants to access them, raises $33M Series A
Tage Kene-Okafor / TechCrunch :
Cairo and Dubai-based Swvl, a bus-hailing and ridesharing provider in emerging markets, plans to go public in the US in a SPAC merger at a valuation of ~$1.5B
Cairo and Dubai-based ride-sharing company Swvl plans to go public in a merger with special purpose acquisition company Queen's Gambit Growth Capital, Swvl said Tuesday.
Head of Uber India says the company is building a bus service in India, hopes to launch in the next 12 months; Uber launched a bus service in Cairo in October
Pradeep Parameswaran, Uber India and South Asia head told Moneycontrol that the company is in the process of building the product and refining it.
Swvl, a two-year-old Cairo-based startup that makes an app for booking buses, raises $42M, bringing its total raised to ~$80M
MENAbytes :
Egypt's new law allows state to block social media accounts and blogs with 5K+ followers on sites like Facebook and Twitter, requires licenses for new websites
CAIRO (Reuters) - Egypt's parliament has passed a law giving the state powers to block social media accounts and penalize journalists held to be publishing fake news. Tweets: @sub8u and @monaeltahawy ...