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startups

Egyptian FinTech for restaurants OneOrder secures $3M seed round

OneOrder offers a one-stop shop for those in the HoReCa (hotels, restaurants, and catering) industries to solve supply chain pain points

Venture capital firm 500 Global partners with MCIT, plans to launch office in Egypt

Over a period of three years, 500 Global will deploy three separate programs that will support nearly 200 startups and around 60 accelerator managers

Fintech Money Fellows raises $31M in series B round to boost growth

Money Fellows is a mobile-based platform that that digitizes money circles or Rotating Savings and Credit Associations (ROSCAs) that are widely known as “Gameya” in Egypt and other Arab countries

Egyptian startups received $500M in FDIs in 2022 | MCITMin

Floating the exchange rate between USD/EGP will help in attracting more investments to Egyptian startups in the last two months of 2022, the minister stated

B2B e-commerce startup Capiter removes co-founders for “inability to fulfill duties”

Stepping up to the plate is Majid El Ghazouli, Capiter’s CFO, who will act as interim CEO until the Nouh brothers “return and allay the concerns of employees, suppliers, creditors and stakeholders.”