Understanding the Dynamics: Why Africa's Largest GDP Markets Garner More Investment
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Investment trends across African markets often highlight a notable phenomenon: countries with larger Gross Domestic Products (GDPs), namely Nigeria, Kenya, Egypt, and…
Egyptian fintech - Flash - secures $6 million to expand cashless payments
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Flash, an Egypt-based fintech startup, has raised $6 million in its seed funding round, led by Addition, a venture capital firm headed…
Egyptian fintech startup, Money Fellows, raises $31 million in series B funding
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Mellow Fellows, a fintech company based in Egypt, has completed the first stage of its series B funding round, raising $31 million….
Egypt's MaxAB raises $40 million in its pre-series B funding round
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Egyptian B2B e-commerce and distribution platform, MaxAB, has raised $40 million in its pre-series B funding round. MaxAB said there are about…
Egyptian startup - Flapkap - raises $3.6 million; plans financing for small businesses
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Flapkap, a fintech startup based in Egypt, has raised $3.6 million in seed funding from investors such as QED, Nclude, A15, and…
Egypt's SubsBase raises $2.4 million in its seed funding round
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SubsBase, an Egypt-based startup that help businesses manage their books and business operations (such as invoicing, payments, and notifications), has raised $2.4…
Ad automation platform - Convertedin - raises $3 million to facilitate research and strategic hiring
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Convertedin, an Egyptian ad automation platform, has raised $3 million in its seed round. The round had leading participation from Merak Capital,…
Cairo-based Khazenly raises $2.5m in its Seed Funding round
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Cairo-based on-demand digital warehousing startup, Khazenly, has completed its seed funding round. The startup raised $2.5 million from series of investors. Khazenly’s…
Egypt-based Appetito acquires quick-commerce company - Lamma
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Since the beginning of the COVID-19 pandemic, and the lockdown that came after it, companies running e-commerce and delivery services have become…