Financial products

Egypt FinTech landscape report 2021, recently issued by FinTech Egypt – an initiative by the CBE – indicated that more than 50% of FinTech’s founders in Egypt are aged between 25 and 35 years old.
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Egyptian VC firm Algebra Ventures has secured a US$15 million commitment from the International Finance Cooperation (IFC), a member of the World Bank Group, towards its US$90 million second fund.
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Micro, Small, and Medium Enterprise Development Agency (MSMEDA) and Amazon Egypt signed memorandum of understanding (MoU) in order to help enterprises market their products through Amazon.eg store.
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Raya Holding for Financial Investment will establish a new e-payment company in cooperation with TAQA Arabia, a subsidiary of Qalaa Holdings.
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Saudi Arabia-based B2B e-commerce platform Sary has acquired Egyptian B2B marketplace Mowarrid for an undisclosed amount, the company told reporters on Tuesday.
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Mastercard has expanded its new business intelligence platform, Mastercard Market Trends, in the Middle East and Africa. 
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e-Cards, a subsidiary of e-finance For Digital and Financial Investments, has inked a 10-year contract to supply and manage smart cards to Tres Groupe International (TGI) in Zimbabwe.
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 Misr Capital, the investment banking arm of Banque Misr, and Fawry have launched 'Fawry Yawmy' money market fund, an innovative fintech-based investment fund, with a minimum initial investment ticket…
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Misr Petroleum’s gas stations will be offering all financial services of Khales, the digital payments arm of e-Finance, including cash collection and withdrawal as well as e-purchases.
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e-Cards, a subsidiary of e-finance Investment Group operating in integrated smart solutions, has signed an agreement with prominent fintech MoneyFellows to provide facilitated financing solutions for…
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