Cartona has raised $8.1 million in a Series A extension fundraise to continue growing the product rollout, verticals and offerings of its B2B platform for businesses in Egypt and, in the future, other markets in the Middle East and North Africa (MENA) region. The platform currently...
PayTabs Egypt, a provider of digital payment solutions, partnered with Souhoola, an Egyptian buy now, pay later (BNPL) platform. Via the collaboration, PayTabs Egypt will add another BNPL option to its portfolio of payment solutions, the companies said in a Monday (Feb. 26) press release....
Visa signed an agreement with Egyptian Banks Company to introduce new solutions around electronic payment services, digital wallets and other offerings. The partnership aims to expand the scope of instant payments and streamline the receipt of international remittances from Egyptian expatriates, the companies said in...
Mastercard has partnered with Ingiz, a family financial management startup in Egypt. This collaboration aims to introduce a digital payments application that will drive financial literacy and inclusion among Egypt’s youth, a market segment that has remained largely untapped and underserved, the companies said in a Sunday (Aug. 27)...
February 16, 2023
The imbalance between payments issuance and acceptance is a major pain point in emerging markets. According to Islam Shawky, co-founder and CEO at Cairo-based digital payments service provider Paymob, that challenge is holding back businesses, particularly small mom-and-pop shops, from unlocking their full business potential. “We’re looking at markets that are very advanced in issuance […]
November 29, 2022
In Egypt, small firms, including mom-and-pop stores, make up about 90% of local food and grocery sector, with the “Walmarts and the Walgreens of Egypt only representing a very tiny...
August 18, 2022
According to World Bank data, in 2021 just 22% of the Egyptian population over the age of 15 owned a debit or credit card, and only 2% of the population...
June 02, 2022
With almost 2,000 cars sold daily and nearly 750,000 vehicles sold on a yearly basis, the Egyptian used car market, representing a Gross Merchandise Value (GMV) of about $10 billion,...
September 11, 2024
Financial services enabler Paymob raised another $22 million to expand its offering in its core market of Egypt and its newer markets in Gulf Cooperation Council (GCC) countries. The $22 million Series B extension round follows a $50 million initial Series B funding round in 2022, bringing Paymob’s total Series B funding to $72 million, […]
August 05, 2024
Cartona has raised $8.1 million in a Series A extension fundraise to continue growing the product rollout, verticals and offerings of its B2B platform for businesses in Egypt and, in the...
February 26, 2024
PayTabs Egypt, a provider of digital payment solutions, partnered with Souhoola, an Egyptian buy now, pay later (BNPL) platform. Via the collaboration, PayTabs Egypt will add another BNPL option to...
February 12, 2024
Visa signed an agreement with Egyptian Banks Company to introduce new solutions around electronic payment services, digital wallets and other offerings. The partnership aims to expand the scope of instant...
