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Egypt-based, Africa-focused

Bring the right value

Over 35 companies

We partner with bold and resilient founders

building transformative companies

Empowering entrepreneurs to improve people’s lives at scale

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More than $825M invested in our portfolio companies

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our dna
Egypt & Africa
Grounded in our continued belief in Egyptian tech entrepreneurs, Algebra Ventures doubled down on its home market with the launch of its $100M second fund, while still opportunistically investing in Sub-Saharan Africa.
Founders
We are dedicated to our founders by providing capital, assisting with strategy and operations, as well as helping build star teams to ensure that the most qualified and ambitious individuals continue to join Algebra’s portfolio.
Impact
We partner with founders who are transforming industries, addressing long- standing problems that only technology can provide solutions for, and directly improving the lives of millions.
Network
We engage with the strongest co-investors with EM experience to bring the right value to our startups and connect our portfolio with industry partners to support growth and future exit.
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Prime Partners
Karim Hussein's' photo
Karim Hussein
Managing Partner
Karim Hussein's' photo
Managing Partner
Karim Hussein

Karim is a technology veteran with deep experience in product and innovation management and rapid business growth and scaling – particularly in the healthcare and financial services markets. Karim has been an active investor and mentor to a number of technology businesses in Egypt and the US. He is founder and Chairman of D-Kimia Diagnostic Solutions developing fast, affordable, and accurate medical diagnostics using nano-technology and focused on controlling the Hepatitis C epidemic in Egypt and globally.

Karim has served on the board of D-Kimia, Integreight, Shezlong.com, Prognos.ai, and Simplex Arabia CNC Solutions. He is also Chairman of the entrepreneurship committee of the Egyptian National Competitiveness Council, a mentor to high impact entrepreneurs through the Endeavor network, and a fellow of the Aspen Global Leadership Network.

Previously, Karim was SVP, Products and Engineering at WebMD, Inc., directing product management, technology strategy and engineering. Prior to WebMD, Karim was co-founder and CTO of Riskclick, Inc., a software firm specializing in commercial insurance applications. He also was a senior associate at Booz Allen & Hamilton where he was a member of the Global e-Commerce team.

Karim received his PhD in Information Systems from MIT and a dual BSc in Electrical and Computer Engineering from Carnegie Mellon University.

Tarek Assaad's' photo
Tarek Assaad
Managing Partner
Tarek Assaad's' photo
Managing Partner
Tarek Assaad

Tarek Assaad is Managing Partner at Algebra Ventures, Egypt’s leading VC firm. Algebra’s $54M first fund invested in 21 companies including some of Egypt’s most prominent technology startups. Its new $100M fund is actively investing in Egypt and the region.

Prior to Algebra, Tarek was Managing Partner at Ideavelopers where he had been managing $50m of VC investments since 2009 and where he led the fund’s investment in Fawry, the first venture-backed company to go public in Egypt and to become a unicorn.

Tarek started his career as an engineer at Lucent Technologies then as a software developer at SAQQARA Systems, an internet startup in Silicon Valley.

Tarek holds a B.Sc. in Electronics and Communication Engineering from Ain Shams University in Cairo and an MBA from Stanford Graduate School of Business.

Laila Hassan's' photo
Laila Hassan
General Partner
Laila Hassan's' photo
General Partner
Laila Hassan

Laila joined Algebra Ventures as a General Partner to launch the VC’s second fund in 2021. She is also a Venture Partner at 500 Global where she is responsible for 500’s first MENA Fund (500 Falcons). She joined 500 back in 2019 as a Principal to lead the fund’s follow on strategy.  Laila has been instrumental in expanding portfolio data gathering as well as analysis efforts from the portfolio. Prior to that, Laila worked with several VC firms across the region such as Middle East Venture Partners in UAE and Algebra Ventures in Egypt where she led transactions and worked with portfolio companies on fundraising and operational enhancements.

Laila was active in the venture capital and startup landscape in Egypt, where she worked as a consultant for several start-up businesses assisting them in developing operational and fundraising schemes. She led investment assessments and provided recommendations to several VCs and family offices in the region. While completing her MBA from London Business School, Laila joined the investment banking division at Morgan Stanley in London as a summer associate, after which she opted to move back to Egypt to pursue a career among the now-thriving startup community. Prior to her postgraduate studies, she worked as an associate at Qalaa Holdings, a regional private equity firm based out of Cairo, where she focused on the alternative energy, oil and gas and glass sectors. She holds a dual undergraduate degree in Business Administration and Law from the American University in Cairo and Cairo University respectively.

Omar Khashaba's' photo
Omar Khashaba
General Partner
Omar Khashaba's' photo
General Partner
Omar Khashaba

Omar is General Partner at Algebra Ventures. He joined Algebra in 2018 as an Associate. He helped execute investments in several rapidly growing companies, including Brimore, Dsquares and POSRocket. In 2020, Omar was promoted to Principal, taking on board responsibilities in portfolio companies and leading new investments. Prior to joining the firm, Omar held an executive role at Yodawy, an online pharmacy and insurance benefits management startup. Earlier in his career, he co-founded and was CEO of Tutorama, a marketplace for peer-to-peer tutoring.

Omar holds a Bachelor of Laws (LL.B.) from the London School of Economics and Political Science and a Master of Laws (LL.M.) from Cornell University.

Ziad Mokhtar's' photo
Ziad Mokhtar
Founding Partner
Ziad Mokhtar's' photo
Founding Partner
Ziad Mokhtar

Ziad Mokhtar is the Co-Founder and CEO of oliv.finance and Founding Partner of Algebra Ventures.

oliv was founded in 2024 and is Egypt’s first digital factoring company. It offers invoice financing services that help small and medium businesses bridge their financing gaps. It is on a mission to grow the reach of factoring services in Egypt by 10x.

Before oliv, Ziad had been one of the leading Venture Capital investors who shaped tech investment in Egypt since 2010. He started his venture capital career at Ideavelopers which managed one of Egypt’s first venture capital funds. Its investments included fawry (acquired), siware, and vezeeta (exited) among others. He then cofounded and co-led Algebra Ventures which launched its first VC fund in 2016 and has been one of the leading VC firms in Egypt since then. Algebra’s Investments include MNT-Halan, Dsquares, elmenus, Khazna, trella, Yodawy, Lucky, Eventtus (acquired), Posrocket (acquired), and Shift EV. During his career in investing Ziad served as a board member of over 15 different technology companies and served on the investment committees of different VC funds. He managed relationships with a range of local and international investors that included financial institutions, family offices, and public corporations.

Before Venture Capital, Ziad worked as a management consultant at Mckinsey & Co. During his time at Mckinsey he worked on a range of public sector studies that covered economic development, healthcare, education, and urban planning.

Ziad had started his career by co-founding and leading eSpace, a software company based out of Alexandria. eSpace’ flagship product was SalesBuzz which by the time Ziad departed from eSpace had become the leading Mobile Sales Force Automation product in the Middle East with clients that included Unilever, Procter & Gamble, Nestle, and Cadbury-Adams.

Ziad is a Stanford MBA graduate and holds a Bachelor’s degree in Computer Science from the School of Engineering at Alexandria University.

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Human Variables
Omar El Maarry's' photo
Omar El Maarry
CFO
Omar El Maarry's' photo
CFO
Omar El Maarry

Omar El Maarry is a seasoned finance executive with extensive experience in corporate finance, investment banking, and strategic financial management. Currently serving as the Chief Financial Officer at Algebra, he plays a pivotal role in financial reporting, fund management, and investor relations for both Algebra funds, driving financial performance and strategic growth.

He began his career at Beltone Financial, where he worked across asset management and investment banking. In asset management, he was involved in equity analysis and fund management, including the launch and regulatory management of Egypt’s first Exchange Traded Fund (ETF). In investment banking, he advised on IPOs, M&A transactions, and debt restructurings, preparing strategic materials and financial models for clients across various sectors.

He later served as CFO of a leading sustainable infrastructure company and plastic recycler, where he led equity and debt financings, oversaw a cross-border acquisition, and managed both primary and secondary transactions. Alongside this role, he also held a group-level position within the same investment platform, supporting feasibility studies for greenfield projects and assisting in acquisitions across multiple subsidiaries.
Omar holds a B.A. in Economics from The American University in Cairo. Beyond finance, he has a competitive background in sports, having captained Gezira Club’s handball team and represented Egypt in international championships.

Karima Ragab's' photo
Karima Ragab
PR & Community Manager
Karima Ragab's' photo
PR & Community Manager
Karima Ragab

Karima joined Algebra Ventures as PR Manager in 2021. Over the past three years, she has effectively built the PR and communications department, boosting the fund’s visibility both locally and internationally. She played a key role in launching Algebra’s $100M second fund, overseeing everything from press outreach and interviews to organizing a major event at the stunning Khufu’s, which overlooks the Great Pyramids of Giza.

In addition to her work at Algebra, Karima supports the fund’s portfolio companies by acting as their press office and helping them connect with the right PR agencies. She has developed strong relationships with important media outlets in the local, regional, and international VC and startup scenes, organizing educational and networking events to engage these communities.

With over seven years of experience in the PR field, Karima previously spent four years at Hill and Knowlton Strategies, managing notable accounts such as Twitter, Intel, Amazon, Google, Spotify, Coca-Cola, and Emirates Airlines. She also contributed to the first two editions of the El Gouna Film Festival, taking on various roles from pitching and staffing to managing the red carpet and media relations.

Karima earned her B.A. in Multimedia Journalism with a minor in Business Administration from the American University in Cairo in 2015, graduating with Summa Cum Laude honors.

Yasmine Samy's' photo
Yasmine Samy
Head of Talent
Yasmine Samy's' photo
Head of Talent
Yasmine Samy

Yasmine joined Algebra Ventures as Head of Talent in 2022 to bring a strategic HR mindset to the fund and equip the management team with a toolkit of HR best practices.

Before joining Algebra, Yasmine completed her Master of Science in Human Resource Management from Cardiff University and gained her CIPD qualification to become an Associate CIPD Member. While completing her postgraduate studies, Yasmine was a recruitment advisor at the NHS Wales where she supported the organization in recruiting healthcare professionals across Wales.

Prior to that, Yasmine completed her undergraduate degree in Business Management from Cardiff University and joined Vodafone Group London for a summer resourcing internship before graduating. Following her move to Egypt, she joined KPMG as a Management Consultant then moved to _VOIS Egypt as a Resourcing Specialist where she handled the recruitment for an offshore account, diverse youth initiatives, and the enterprise technology function.

Khaled El Warraky's' photo
Khaled El Warraky
Investment Associate
Khaled El Warraky's' photo
Investment Associate
Khaled El Warraky

Khaled joined Algebra Ventures in 2022 as an investment analyst to support the VC’s second fund. Previously, Khaled was an equity research analyst for Arqaam Capital where he was responsible for the bank’s real estate coverage in Egypt. He was primarily responsible for publishing quarterly and annual research reports assessing the financial and operational performance of the stocks under his coverage, while developing investment recommendations based on his findings.

Prior to joining Arqaam, Khaled completed his bachelor’s in business management from the University of Surrey in 2018. Following the completion of his undergraduate studies, Khaled received his master’s of science in International Business from Bayes Business School.

Nahla Hatem's' photo
Nahla Hatem
Investment Associate
Nahla Hatem's' photo
Investment Associate
Nahla Hatem

Prior to Algebra Ventures, Nahla was part of the Reserve Management team at the Central Bank of Egypt (CBE) where she was responsible for investing the CBE’s external portfolio across all approved asset classes, portfolio monitoring, capital markets research and advisory to government entities. In addition to her role in reserve management, Nahla was part of the Investor Relations team which involved communicating and engaging with institutional investors and other stakeholders regarding Egypt’s macroeconomic framework and outlook.

Prior to her experience at the Central Bank of Egypt, Nahla was an investment analyst at Panther Associates, a boutique private equity and advisory firm in Cairo where she gained experience across several sectors including NBFIs, FinTech, Real Estate and Manufacturing.

Nahla graduated from York University in Toronto with a BA in Finance and Economics as well as an MA in Economics in 2019.

Injy Demerdash's' photo
Injy Demerdash
Partners Exec. Assistant
Injy Demerdash's' photo
Partners Exec. Assistant
Injy Demerdash

Injy is the Executive Assistant to the Managing Partners at Algebra Ventures. She has a demonstrated history of working in data analysis, migration, interpretation, market research, and also skilled in food & beverage. Prior to joining Algebra, Injy was the Executive Assistant to the Development VP at Palm Hills Developments during which she learned a lot about real estate, contracting, and gained a lot of expertise in dealing with different governmental entities as much needed in this field.

Prior to Palm Hills, Injy was a freelance Product Manager for a food project based in Soma Bay, during which her responsibilities included visiting local markets, doing extensive online research, and identifying the operational tools & equipment needed for this project. Injy worked at the Canadian Embassy for ten years where she gained a lot of experience & knowledge while working in migration, handling refugee cases, sponsorship cases and investor cases.

Injy holds a a BA in Political Science from the Faculty of Economics & Political Science, French Department, Cairo University.
Sara Elbazz's' photo
Sara Elbazz
Partners Exec. Assistant
Sara Elbazz's' photo
Partners Exec. Assistant
Sara Elbazz

With over 10 years of experience as a high-level C-suite Executive Administrative and Personal Assistant Sara has provided support across different industries including international trade, commercial trade agency and aviation. Known for her adaptability, high-attention to details, and discretion, She has become a dependable partner to senior leadership in keeping operations running seamlessly adapting quickly to changing priorities and fast-paced environments.

Currently at Algebra Ventures, Sara supports by coordinating communication, managing priorities, and keeping things moving behind the scenes. She aims to bring a steady, practical approach to her work, and is known for her discretion and problem-solving mindset.

Her experience includes but isn’t limited to preparing meetings, following up on tasks, handling travel logistics, drafting communication and helping maintain structure during unexpected changes with calm and clarity. Above all, Sara takes pride in being someone her team can count on — she’s quick to learn and always focused on making work easier for those around her.

Sara holds a Bachelor’s degree in Business Administration (Systems) from the Arab Open University, accredited by the Open University in the United Kingdom.

Family Pi-Trait
Deepecho logo
An AI healthtech company with FDA clearance revolutionizing maternal and fetal health
Octane logo
A digital payments solution to streamline all vehicle-related expenses in Egypt
enza logo
enza is on a mission to liberate payments and democratise the commercial possibilities for buyers and sellers across the continent
oliv logo
The simplest and fastest lending experience serving small and medium businesses in Egypt
Efreshli logo
Efreshli is built on a mission to make interior design accessible to everyone
Cartona logo
Cartona is a B2B platform connecting buyers (retailers) and sellers (producers, distributors and wholesalers)
Connect Money logo
Connect Money is a leading provider of embedded finance solutions, offering a one-stop shop banking experience for businesses and cash users
YoLa Fresh logo
YoLa Fresh is an agritech company building a sustainable and traceable fresh food supply network
DXwand logo
DXwand stands at the forefront of AI technology specializing in generative AI, knowledge mining and omnichannel Conversational AI technologies
Mtor logo
Mtor is an online-to-offline business offering a one-stop platform to workshops to procure a comprehensive range of automotive spare parts on-demand, at competitive prices.
Sylndr logo
Sylndr is an automotive focused e-commerce marketplace bringing innovation to the used-cars market, where customers can reliably and transparently sell and buy used cars
MNT Halan logo
MNT-Halan is Egypt's largest and fastest growing lender to the unbanked and underbanked
Khazna logo
Khazna provide customer-centric and transparent financial services to the underserved in emerging markets through its disruptive platform
Shift EV logo
Electrifying fleets in emerging markets using proprietary electrofitting™ technology
Mozare3 logo
Mozare3 is the farmer’s partner is digitizing agriculture in Egypt
Trella logo
Trella is a regional trucking marketplace that connects shippers and carriers, making a highly fragmented market more efficient, reliable and convenient
Yodawy logo
Egypt’s largest online medication ordering and pharmacy benefits management platform
Sakneen logo
The easiest, fastest, and most enjoyable way to buy or sell a home in Egypt
POSRocket logo
POSRocket provides next-gen POS solutions for small and medium F&B retailers
Lucky One logo
Lucky is Egypt's leading fintech app for consumer credit products, powered by market-leading cash-back rewards and a merchant network of more than 30,000 stores
Dsquares logo
Dsquares is Egypt’s leading provider of end to end loyalty programs and is expanding geographically and into B2C payments
elmenus logo
Elmenus is Egypt’s #1 food destination and fastest growing food ordering and delivery platform
Lyve logo
Egypt’s first real estate community platform
Eventtus logo
Eventtus is a virtual events platform where you can create an amazing digital events experience for all your audience, anywhere
FilKhedma logo
FilKhedma provides high quality reliable home services at preset prices and through background checked service providers
Goodsmart logo
GoodsMart is a smart and easy household shopping platform
Little Thinking Minds logo
Leading MENA based ed-tech company that creates advanced digital solutions for school-aged children to improve outcomes
La Reina logo
Egypt's first online platform for fashion items rental
Orcas logo
Edtech company that helps connect learners with tutors, learning style assessments, personalized learning plans and gamified practice questions
Umrahme logo
Customized holiday packages for all customers across the Middle East.
Read Their Story
DeepEcho is an AI first healthtech company with FDA clearance founded by AI and healthcare experts. DeepEcho is on a mission to revolutionize prenatal care by providing clinicians with powerful, accessible tools to enhance fetal ultrasound diagnostics. Leveraging one of the world’s largest fetal ultrasound datasets and state-of-the-art deep learning techniques, DeepEcho is shaping the future of maternal-fetal health to ensure better outcomes for pregnant mothers globally.
Milestones
2020 – Founded
2025 – FDA clearance for AI-powered prenatal imaging
Team
Youssef Bouyakhf – Co-founder & CEO
Saad Slimani – Co-founder & CMO
Latest News
FDA clears DeepEcho’s foetal ultrasound analysis platform
Read Their Story
Octane is a digital wallet for vehicles that streamlines payments for all vehicle related expenses. It provides a comprehensive system that enhances fuel payment services. The system includes a controlled and monitoring fueling process that’s fraud free, digital and controlled. Octane has the widest stations network coverage in Egypt.
Milestones
2022 – Founded
2025 – $5.2M funding round
Team
Amr Gamal – Co-founder & CEO
Ziad Eladawy – Co-founder & CCO
Latest News
Egyptian fintech Octane raises $5.2 million to expand its fleet payments platform across MENA
Read Their Story
Founded by a team of seasoned payments industry experts, enza is committed to delivering agile, innovative, and secure payment solutions designed specifically for Africa’s unique challenges. With headquarters in the UAE and operations across Egypt, Nigeria, South Africa, and other key markets, enza is helping banks and fintechs unlock new opportunities for growth and inclusion.
Milestones
2022 – Founded
2025 – $6.7M Seed funding round
Team
Hany Fekry – Group CEO
Hamish Houston – Group COO
Andrew Key – Executive Director
Latest News
Ex-Network International execs raise $6.75M for Enza, an African fintech serving banks
Read Their Story
oliv is a digital invoice financing company serving small and medium businesses in Egypt. Its service involves minimal manual interactions and no technology requirements from clients, and delivers funding in less than 48 hours. The company operates under a digital factoring license from the Egyptian Financial Regulatory Authority.
Milestones
2024 – Received Egypt's first digital factoring license
Team
Ziad Mokhtar – Co-founder & CEO
Hatem Sabry – Co-founder & CFO
Latest News
Oliv receives Egypt’s first digital factoring license
Read Their Story
By uniquely blending interior design with technology, Efreshli has revolutionized the industry, ensuring that elevated design is attainable regardless of style or budget. The company has developed a strong network of ecosystem players within the design and home space, facilitating interaction among stakeholders to drive innovation in architecture as a whole. The platform showcases and sells thousands of products from over 150 of Egypt’s top brands, creating a seamless home shopping experience for its customers.
Milestones
2024 – Seed funding round
2024 – Showroom opening
Team
Heba Elgabaly – Co-founder & CEO
Dina Elhaddad – Co-founder & CPO
Latest News
Egypt’s Efreshli secures seed funding to fuel expansion + welcomes new co-founder
Read Their Story
Cartona is a B2B platform connecting buyers and sellers. Cartona enables buyers to order inventory by providing an easy-to-use mobile application that allows them to access a network of curated sellers. Cartona has introduced embedded financing which is seamlessly integrated into ordering cycles. The platform additionally offers detailed market insights on buyer behaviour, price competition and market share.
Milestones
2019 – Founded
2022 – $12M funding round
2024 – $8.1M funding round
Team
Mahmoud Talaat – Co-founder & CEO
Rami Essam – Co-founder & COO
Waseem Naguib – Co-founder & CCO
Latest News
Egypt’s Cartona raises $8.1M even as investors pull back from B2B e-commerce in Africa
Read Their Story
Connect Money is a leading provider of embedded finance solutions, offering a one-stop shop banking experience for businesses and cash users. With a proven track record of over 300K issued cards, Connect Money enables secure and reliable cashless payments, lending services, rewards programs, and a comprehensive range of financial solutions.
Milestones
2023 – Founded
2024 – $8M funding round
Team
Ayman Essawy – Co-founder & CEO
Wadi Jalil – Co-founder & CTO
Abdelaziz Sarhan – Co-founder & COO
Latest News
Connect Money scores $8M to enable non-bank businesses to offer embedded finance services
Read Their Story
YoLa Fresh is on a mission to revolutionize the fresh produce game in Africa. The company is using cutting-edge tech to streamline the whole process of getting fruits and veggies from farm to plate. They are giving farmers and other players in the game more power and control than ever before. Plus, the supply chain is built to move thousands of tonnes of perishable goods every single day, in less than 24 hours.
Milestones
2023 – Founded
2024 – $7M pre-series A funding round
Team
Larbi Alaoui Belrhiti – Co-founder & co-CEO
Youssef Mamou – Co-founder & co-CEO
Latest News
YoLa Fresh, a GrubMarket for Morocco, digs up $7M to connect farmers with food sellers
Read Their Story
DXwand stands at the forefront of AI technology specializing  in generative AI, knowledge mining and omnichannel Conversational AI technologies. DXwand empowers businesses to analyze data, govern compliance, optimize efficiency, generate documents, and engage customers across various channels, supporting multiple languages, including Arabic dialects.
Milestones
2018 – Founded
2024 – $4M funding round
Team
Ahmed Mahmoud – Co-founder & CEO
Mahmoud Gomaa – Co-founder & Chief Growth Officer
Latest News
DXwand raises $4M to scale its conversational AI platform serving enterprises in MENA
Read Their Story
Mtor is an online-to-offline business offering a one-stop platform to workshops to procure a comprehensive range of automotive spare parts on-demand, at competitive prices. Mtor uplifts workshops by providing faster delivery, cheaper prices and accurate data that streamlines the mechanic’s workflow.
Milestones
2022 – Founded
2023 – $2.8 Funding Round
Team
Mohamed Maged – Co-Founder & CEO
Mozz El Megharbel – Co-Founder & VP of Strategy
Latest News
Egypt’s Mtor nabs $2.8M pre-seed for its online auto parts marketplace
Read Their Story
Sylndr is automotive focused e-commerce marketplace bringing innovation to the used-cars market, where customers can reliably and transparently sell and buy used cars. The company is building trust in the used-car market by becoming the go-to place for customers seeking to sell and buy their cars, through an extensive range of high-quality used vehicles accessible across a diverse set of financing solutions.
Milestones
2021 – Founded
2022 – $12.6M Funding Round
2024 – $7.5M Funding Round
2025 – $15.7M Funding Round
Team
Omar El Defrawy – Co-Founder & CEO
Latest News
Sylndr, with a fresh $15.7M, allows users to buy, sell, finance, and service used cars in Egypt
Read Their Story
MNT-Halan, Egypt’s first unicorn, was founded in 2018 in Egypt, with a mission to revolutionize access to financial services through technology. Serving millions, MNT-Halan’s transformative digital platform improves lives by creating convenient, seamless, and cost-effective financial solutions for people and aspiring businesses. Committed to innovation and simplicity for everyday life, MNT-Halan believes financial access enables people to fulfill their dreams.
Milestones
2017 – Founded
2021 – Share swap agreement with MNT
2021 – $120M funding round
2023 – $400 million funding round
Team
Mounir Nakhla – Co-Founder & CEO
Ahmed Mohsen – Co-founder & CTO
Latest News
MNT-Halan concludes $49m corporate bond issuance
Read Their Story
Khazna was founded in April 2019 with a mission to improve the financial well-being of 20M+ underbanked Egyptians who have little access to formal financial services by providing access to convenient, effective and secure smartphone based financial services.
Milestones
2019 – Founded
2020 – Seed funding round
2022 – $38M funding round
2025 – $16M funding round
Team
Omar Saleh – Founder & CEO
Ahmed Wagueeh – Co-Founder
Fatimah El Shenawy – Co-Founder
Omar Salah – Co-Founder
Latest News
Khazna lands $16 million pre-Series B to boost Saudi expansion
Read Their Story
Shift EV is an electric mobility technology startup based in Cairo, with technology that allows businesses to shift to electric mobility with a tailored solution at a fraction of the cost of a new EV. The technology stack starts with the core of EVs: we design and manufacture state of the art Lithium ion battery packs that integrate seamlessly with existing chassis and remotely connect fleet vehicles to ShiftWare, the fleet operating system, for full digital visibility and control.
Milestones
2021 – Founded
2022 – $9M Series A
Team
Aly El Tayeb – Co-Founder & CEO
Amr Helmy – Co-Founder
Sherif Nassef – VP of Manufacturing
Latest News
Meet Aly Eltayeb, CEO of the startup that wants to transform our streets — and help save the environment in the process
Read Their Story
Mozare3 is an agri-fintech startup that aims to be the agricultural arm of food processing companies, and the marketing & financing arm of small-scale farmers. Mozare3 aims to generate deals to farmers with food processing companies, exporters, agricultural service providers and nurseries, to ensure a market opportunity to sell their crops, and to supply them with basic needs of the agricultural process from pesticides, fertilizers, Seedlings or Seeds through offering flexible payment terms.
Milestones
2020 – Founded
2021 – Seed funding round
Team
Hussein Abou Bakr – Co-Founder & CEO
Tamer El Raghy – Co-Founder
Latest News
Egyptian agtech Mozare3 raises over $1 million in pre-seed to provide small farmers with access to markets and credit
Read Their Story
Trella connects shippers to carriers with the aim of creating transparency, efficiency and reliability, empowering carriers to find regular work with a multitude of shippers, eliminate excessive broker margins, and maximize utilization of their trucks, while allowing shippers to book affordable loads, minimize matching time, and have greater visibility/tracking on their shipments.
Milestones
2018 – Founded
2019 – Acquired Trukto
2019 – Launched in KSA
2021 – Launched in the UAE
2021 – $42M funding round
Team
Omar Hagrass – Co-Founder & CEO
Ali El Atrash – Co-Founder & COO
Pierre Saad – Co-Founder & CTO
Muhammad El Garem – Co-Founder & Head of Launch
Latest News
Egyptian Trucking Marketplace Trella Raises $42M From Investors, Including Maersk VC
Read Their Story
Yodawy is an online pharmacy and insurtech startup that allows customers to order pharmaceuticals and cosmetics via a mobile app and have those delivered through a network of 500+ pharmacies across Egypt. Insurance and copayment benefits are automatically applied with four major insurance carriers onboarded thus far and more in the pipeline.
Milestones
2018 – Founded
2019 – $1M Series A
2021 – $7.5M Series B
2023 – $16M Series B close
2024 – $10M funding round by Ezdehar
Team
Karim Khashaba – Co-Founder
Sherief El-Feky – Co-Founder
Yasser AbdelGawad – Co-Founder
Latest News
Egypt Pharma Startup Yodawy Raises USD10 Million in Funding from Ezdehar
Read Their Story
Sakneen is a YC-backed PropTech company based in Cairo. The company was launched in 2020 by Ramy Khorshed and Hussein El Kheshen with the vision of digitising the home buying experience in Egypt and empowering homebuyers with the tools & information they need to make the best real estate decision.
Milestones
2019 – Founded
2021 – $1.1M Seed round
2021 – Partnership with Coldwell Banker
Team
Ramy Khorshed – Co-Founder & CEO
Hussein El Kheshen – Co-Founder
Latest News
Egypt’s Sakneen raises $1.1 million seed to make buying and selling homes easier
Read Their Story
POSRocket is a customer-centric restaurant management platform providing a full suite of services including the point of sale, e-payments, order management, kitchen management and delivery. We’re a growing team of experts that proved traction and excellence by serving 3500 business across the MENA & GCC and processing over 2Billion $ in transactions.
Milestones
2016 – Founded
2017 – Expanded to Egypt
2018 – Expanded to Kuwait
2020 – Expanded to KSA
2022 – Acquired by Foodics
Team
Zeid Husban – Founder & CEO
Latest News
Saudi-Based Foodtech Startup Foodics Acquires Jordan’s POSRocket
Read Their Story
Lucky’s mission is to revolutionize the way the Middle East and North Africa shops, pays and saves. Founded in Egypt in 2018, Lucky has connected more than six million loyal customers with access to a growing range of easy-to-use credit products, discounts and cashback rewards that can be used in person and virtually with tens of thousands of local and global brands.
Milestones
2018 – Founded
2024 – $3M funding round
Team
Ayman El Essawy – Co-Founder
Momtaz Moussa – Co-Founder
Latest News
Egyptian fintech Lucky ONE raises $3 million in convertible note
Read Their Story
With more than 50 enterprise clients and 1700 brands across 7 countries in EMEA region, Dsquares provides customized end to end loyalty and rewards’ solutions through a seamless customer experience and guaranteed results. Dsquares provides the technical, commercial and operational implementation and management for any loyalty program they manage.
Milestones
2012 – Founded
2019 – Founded LuckyOne
2020 – Lorax Capital acquires significant minority stake
2025 – Dsquares acquires majority stake in Prepit
Team
Marwan Kenawy – Co-Founder & CEO
Ayman Essawy – Co-Founder
Momtaz Moussa – Co-Founder
Latest News
Dsquares acquires majority stake in Prepit
Read Their Story
Millions of people around the world ask the same question everyday “What will I eat today?” It’s the question that triggered the journey to build elmenus. elmenus is an Egypt based company that started in 2011 with the vision to help people decide what to eat. We are building a platform that combines a social, visual and personalized experience to help people discover and order the food they love.
Milestones
2011 – Founded
2017 – $1.5M Series A
2020 – $8M Series B
2021 – Former Just Eat CEO invests in Elmenus, joins board
2022 – Funding round by Careem
Team
Amir Allam – Founder & CEO
Latest News
Egypt’s Elmenus Appoints Walid El-Saadany As CEO, Founder Amir Allam Steps Aside
Read Their Story
Founded in 2016, Lyve is a community management platform and private social network that connects residents, real estate developers, and facility management all in a single, unified, extensible solution.
Milestones
2016 – Founded
2019 – $600K Series A
2020 – Rebranded iCommunity to Lyve
Team
Karim Akram – Co-Founder
Antoine Megalla – Co-Founder
Latest News
Egypt’s Neighborhood Network iCommunity Rebrands to ‘LYVE’
Read Their Story
Eventtus is a leading event tech company that empowers the biggest conferences and exhibitions in 35 countries to create amazing event experiences using a powerful, robust and intuitive array of event tech solutions that proved, again and again, its top-notch quality and yielded happy customers everywhere. Through its innovative and adaptive approach, Eventtus offers solutions to both virtual and in-person events.
Milestones
2012 – Founded
2017 – $2M Series A
2021 – Acquired by Bevy
Team
Mai Medhat – Co-Founder
Nihal Fares – Co-Founder
Latest News
Events platform Bevy acquires Egypt’s Eventtus to scale its offering for enterprises
Read Their Story
Filkhedma is Egypt’s largest home services marketplace operating in 4 cities across cleaning, maintenance and beauty services. Filkhedma empowers service providers through technology to grow their incomes and develop professionally.
Milestones
2014 – Founded
2021 – Funding round
2021 – Acquired by SweepSouth
Team
Omar Ramadan – Founder
Latest News
SweepSouth fully acquires Filkhedma
Read Their Story
GoodsMart wants you to let go of your daily errands, enjoy daily fresh products and save money! Thus allowing you to have more quality time for yourself & with your loved ones. GoodsMart offers its clients access to order a wide variety of products covering almost everything their households need through its smart app and reliable daily delivery system of the orders while ensuring their safety through its innovative unattended delivery solutions.
Milestones
2014 – Founded
2017 – $750K Series A
2021 – $3.6M Series B
Team
Amr Fawzi – Founder
Latest News
Egypt’s GoodsMart raises $3.6 million to grow its contactless grocery delivery platform
Read Their Story
Little Thinking Minds creates subscription based educational resources and platforms aimed at improving learning outcomes, and enhancing children’s literacy and fluency skills, with an initial focus on the Arabic Language. They deliver digital Arabic apps (based on a SAAS model) with rich educational resources that are aligned with curriculum standards globally.
Milestones
2004 – Founded
2018 – $1.2M Series A
2025 – Acquired by Seesaw
Team
Rama Kayyali – Co-Founder & CEO
Lamia Tabbaa – Co-Founder
Salwa Katkhuda – Co-Founder
Latest News
Seesaw Acquires Little Thinking Minds to Advance Edtech in MENA 
Read Their Story
Egypt’s first online platform for fashion items rental. The e-commerce platform simply designed to provide a sophisticated connection between both, dress owners and renters. What makes La Reina stands out substantially is the way our services are easily delivered, from the user-friendly application to professional customer service, redeeming high quality fashion items and saving your time, money and effort.
Milestones
2016 – Founded
2018 – $1M funding
Team
Ghada El-Tanawy – Co-founder
Amr Diab – Co-founder
Latest News
We Got Funded: Egypt Online Rental Startup La Reina Raises US$1 Million In Series A Round
Read Their Story
Orcas is a learning platform for students that offers tutors, courses, assessments, and learning video content. All four learning environments are connected to lesson paths designed by Orcas’ education team. The activity and performance of the learners on the platform are captured in a report to help them optimize their learning experience around their needs and strengths.
Milestones
2013 – Founded
2019 – $500 Pre-Series A
2021 – Partnered with CIRA
2024 – Acquired by Baims
Team
Hossam Taher – Co-Founder & CEO
Amira El Gharib – Co-Founder
Latest News
Edtech startup Orcas has sold to Kuwait’s Baims
Read Their Story
Traveazy Group, which operates Umrahme and Holidayme, is a B2B travel tech company with a strong focus on the Umrah market. Traveazy digitalizes the Umrah ecosystem by providing agents a B2C experience in a B2B environment along with analytics, business intelligence & marketing capabilities.
Milestones
2014 – Founded
2018 – $16M Series C
2019 – Launch of UmrahME
Team
Geet Bhalla – Co-Founder – Mohammed M.S Binmahfouz – Co-Founder
Latest News
Forbes Middle East reveals the region’s 50 Most-Funded Startups 2020
MNT Halan logo
MNT-Halan is Egypt's largest and fastest growing lender to the unbanked and underbanked
Khazna logo
Khazna provide customer-centric and transparent financial services to the underserved in emerging markets through its disruptive platform
Shift EV logo
Electrifying fleets in emerging markets using proprietary electrofitting™ technology
Mozare3 logo
Mozare3 is the farmer’s partner is digitizing agriculture in Egypt
Trella logo
Trella is a regional trucking marketplace that connects shippers and carriers, making a highly fragmented market more efficient, reliable and convenient
Yodawy logo
Egypt’s largest online medication ordering and pharmacy benefits management platform
Sakneen logo
The easiest, fastest, and most enjoyable way to buy or sell a home in Egypt
POSRocket logo
POSRocket provides next-gen POS solutions for small and medium F&B retailers
Lucky One logo
Lucky is Egypt's leading fintech app for consumer credit products, powered by market-leading cash-back rewards and a merchant network of more than 30,000 stores
Dsquares logo
Dsquares is Egypt’s leading provider of end to end loyalty programs and is expanding geographically and into B2C payments
elmenus logo
Elmenus is Egypt’s #1 food destination and fastest growing food ordering and delivery platform
Lyve logo
Egypt’s first real estate community platform
Eventtus logo
Eventtus is a virtual events platform where you can create an amazing digital events experience for all your audience, anywhere
FilKhedma logo
FilKhedma provides high quality reliable home services at preset prices and through background checked service providers
Goodsmart logo
GoodsMart is a smart and easy household shopping platform
Little Thinking Minds logo
Leading MENA based ed-tech company that creates advanced digital solutions for school-aged children to improve outcomes
La Reina logo
Egypt's first online platform for fashion items rental
Orcas logo
Edtech company that helps connect learners with tutors, learning style assessments, personalized learning plans and gamified practice questions
Umrahme logo
Customized holiday packages for all customers across the Middle East.
Read Their Story
MNT-Halan, Egypt’s first unicorn, was founded in 2018 in Egypt, with a mission to revolutionize access to financial services through technology. Serving millions, MNT-Halan’s transformative digital platform improves lives by creating convenient, seamless, and cost-effective financial solutions for people and aspiring businesses. Committed to innovation and simplicity for everyday life, MNT-Halan believes financial access enables people to fulfill their dreams.
Milestones
2017 – Founded
2021 – Share swap agreement with MNT
2021 – $120M funding round
2023 – $400 million funding round
Team
Mounir Nakhla – Co-Founder & CEO
Ahmed Mohsen – Co-founder & CTO
Latest News
MNT-Halan concludes $49m corporate bond issuance
Read Their Story
Khazna was founded in April 2019 with a mission to improve the financial well-being of 20M+ underbanked Egyptians who have little access to formal financial services by providing access to convenient, effective and secure smartphone based financial services.
Milestones
2019 – Founded
2020 – Seed funding round
2022 – $38M funding round
2025 – $16M funding round
Team
Omar Saleh – Founder & CEO
Ahmed Wagueeh – Co-Founder
Fatimah El Shenawy – Co-Founder
Omar Salah – Co-Founder
Latest News
Khazna lands $16 million pre-Series B to boost Saudi expansion
Read Their Story
Shift EV is an electric mobility technology startup based in Cairo, with technology that allows businesses to shift to electric mobility with a tailored solution at a fraction of the cost of a new EV. The technology stack starts with the core of EVs: we design and manufacture state of the art Lithium ion battery packs that integrate seamlessly with existing chassis and remotely connect fleet vehicles to ShiftWare, the fleet operating system, for full digital visibility and control.
Milestones
2021 – Founded
2022 – $9M Series A
Team
Aly El Tayeb – Co-Founder & CEO
Amr Helmy – Co-Founder
Sherif Nassef – VP of Manufacturing
Latest News
Meet Aly Eltayeb, CEO of the startup that wants to transform our streets — and help save the environment in the process
Read Their Story
Mozare3 is an agri-fintech startup that aims to be the agricultural arm of food processing companies, and the marketing & financing arm of small-scale farmers. Mozare3 aims to generate deals to farmers with food processing companies, exporters, agricultural service providers and nurseries, to ensure a market opportunity to sell their crops, and to supply them with basic needs of the agricultural process from pesticides, fertilizers, Seedlings or Seeds through offering flexible payment terms.
Milestones
2020 – Founded
2021 – Seed funding round
Team
Hussein Abou Bakr – Co-Founder & CEO
Tamer El Raghy – Co-Founder
Latest News
Egyptian agtech Mozare3 raises over $1 million in pre-seed to provide small farmers with access to markets and credit
Read Their Story
Trella connects shippers to carriers with the aim of creating transparency, efficiency and reliability, empowering carriers to find regular work with a multitude of shippers, eliminate excessive broker margins, and maximize utilization of their trucks, while allowing shippers to book affordable loads, minimize matching time, and have greater visibility/tracking on their shipments.
Milestones
2018 – Founded
2019 – Acquired Trukto
2019 – Launched in KSA
2021 – Launched in the UAE
2021 – $42M funding round
Team
Omar Hagrass – Co-Founder & CEO
Ali El Atrash – Co-Founder & COO
Pierre Saad – Co-Founder & CTO
Muhammad El Garem – Co-Founder & Head of Launch
Latest News
Egyptian Trucking Marketplace Trella Raises $42M From Investors, Including Maersk VC
Read Their Story
Yodawy is an online pharmacy and insurtech startup that allows customers to order pharmaceuticals and cosmetics via a mobile app and have those delivered through a network of 500+ pharmacies across Egypt. Insurance and copayment benefits are automatically applied with four major insurance carriers onboarded thus far and more in the pipeline.
Milestones
2018 – Founded
2019 – $1M Series A
2021 – $7.5M Series B
2023 – $16M Series B close
2024 – $10M funding round by Ezdehar
Team
Karim Khashaba – Co-Founder
Sherief El-Feky – Co-Founder
Yasser AbdelGawad – Co-Founder
Latest News
Egypt Pharma Startup Yodawy Raises USD10 Million in Funding from Ezdehar
Read Their Story
Sakneen is a YC-backed PropTech company based in Cairo. The company was launched in 2020 by Ramy Khorshed and Hussein El Kheshen with the vision of digitising the home buying experience in Egypt and empowering homebuyers with the tools & information they need to make the best real estate decision.
Milestones
2019 – Founded
2021 – $1.1M Seed round
2021 – Partnership with Coldwell Banker
Team
Ramy Khorshed – Co-Founder & CEO
Hussein El Kheshen – Co-Founder
Latest News
Egypt’s Sakneen raises $1.1 million seed to make buying and selling homes easier
Read Their Story
POSRocket is a customer-centric restaurant management platform providing a full suite of services including the point of sale, e-payments, order management, kitchen management and delivery. We’re a growing team of experts that proved traction and excellence by serving 3500 business across the MENA & GCC and processing over 2Billion $ in transactions.
Milestones
2016 – Founded
2017 – Expanded to Egypt
2018 – Expanded to Kuwait
2020 – Expanded to KSA
2022 – Acquired by Foodics
Team
Zeid Husban – Founder & CEO
Latest News
Saudi-Based Foodtech Startup Foodics Acquires Jordan’s POSRocket
Read Their Story
Lucky’s mission is to revolutionize the way the Middle East and North Africa shops, pays and saves. Founded in Egypt in 2018, Lucky has connected more than six million loyal customers with access to a growing range of easy-to-use credit products, discounts and cashback rewards that can be used in person and virtually with tens of thousands of local and global brands.
Milestones
2018 – Founded
2024 – $3M funding round
Team
Ayman El Essawy – Co-Founder
Momtaz Moussa – Co-Founder
Latest News
Egyptian fintech Lucky ONE raises $3 million in convertible note
Read Their Story
With more than 50 enterprise clients and 1700 brands across 7 countries in EMEA region, Dsquares provides customized end to end loyalty and rewards’ solutions through a seamless customer experience and guaranteed results. Dsquares provides the technical, commercial and operational implementation and management for any loyalty program they manage.
Milestones
2012 – Founded
2019 – Founded LuckyOne
2020 – Lorax Capital acquires significant minority stake
2025 – Dsquares acquires majority stake in Prepit
Team
Marwan Kenawy – Co-Founder & CEO
Ayman Essawy – Co-Founder
Momtaz Moussa – Co-Founder
Latest News
Dsquares acquires majority stake in Prepit
Read Their Story
Millions of people around the world ask the same question everyday “What will I eat today?” It’s the question that triggered the journey to build elmenus. elmenus is an Egypt based company that started in 2011 with the vision to help people decide what to eat. We are building a platform that combines a social, visual and personalized experience to help people discover and order the food they love.
Milestones
2011 – Founded
2017 – $1.5M Series A
2020 – $8M Series B
2021 – Former Just Eat CEO invests in Elmenus, joins board
2022 – Funding round by Careem
Team
Amir Allam – Founder & CEO
Latest News
Egypt’s Elmenus Appoints Walid El-Saadany As CEO, Founder Amir Allam Steps Aside
Read Their Story
Founded in 2016, Lyve is a community management platform and private social network that connects residents, real estate developers, and facility management all in a single, unified, extensible solution.
Milestones
2016 – Founded
2019 – $600K Series A
2020 – Rebranded iCommunity to Lyve
Team
Karim Akram – Co-Founder
Antoine Megalla – Co-Founder
Latest News
Egypt’s Neighborhood Network iCommunity Rebrands to ‘LYVE’
Read Their Story
Eventtus is a leading event tech company that empowers the biggest conferences and exhibitions in 35 countries to create amazing event experiences using a powerful, robust and intuitive array of event tech solutions that proved, again and again, its top-notch quality and yielded happy customers everywhere. Through its innovative and adaptive approach, Eventtus offers solutions to both virtual and in-person events.
Milestones
2012 – Founded
2017 – $2M Series A
2021 – Acquired by Bevy
Team
Mai Medhat – Co-Founder
Nihal Fares – Co-Founder
Latest News
Events platform Bevy acquires Egypt’s Eventtus to scale its offering for enterprises
Read Their Story
Filkhedma is Egypt’s largest home services marketplace operating in 4 cities across cleaning, maintenance and beauty services. Filkhedma empowers service providers through technology to grow their incomes and develop professionally.
Milestones
2014 – Founded
2021 – Funding round
2021 – Acquired by SweepSouth
Team
Omar Ramadan – Founder
Latest News
SweepSouth fully acquires Filkhedma
Read Their Story
GoodsMart wants you to let go of your daily errands, enjoy daily fresh products and save money! Thus allowing you to have more quality time for yourself & with your loved ones. GoodsMart offers its clients access to order a wide variety of products covering almost everything their households need through its smart app and reliable daily delivery system of the orders while ensuring their safety through its innovative unattended delivery solutions.
Milestones
2014 – Founded
2017 – $750K Series A
2021 – $3.6M Series B
Team
Amr Fawzi – Founder
Latest News
Egypt’s GoodsMart raises $3.6 million to grow its contactless grocery delivery platform
Read Their Story
Little Thinking Minds creates subscription based educational resources and platforms aimed at improving learning outcomes, and enhancing children’s literacy and fluency skills, with an initial focus on the Arabic Language. They deliver digital Arabic apps (based on a SAAS model) with rich educational resources that are aligned with curriculum standards globally.
Milestones
2004 – Founded
2018 – $1.2M Series A
2025 – Acquired by Seesaw
Team
Rama Kayyali – Co-Founder & CEO
Lamia Tabbaa – Co-Founder
Salwa Katkhuda – Co-Founder
Latest News
Seesaw Acquires Little Thinking Minds to Advance Edtech in MENA 
Read Their Story
Egypt’s first online platform for fashion items rental. The e-commerce platform simply designed to provide a sophisticated connection between both, dress owners and renters. What makes La Reina stands out substantially is the way our services are easily delivered, from the user-friendly application to professional customer service, redeeming high quality fashion items and saving your time, money and effort.
Milestones
2016 – Founded
2018 – $1M funding
Team
Ghada El-Tanawy – Co-founder
Amr Diab – Co-founder
Latest News
We Got Funded: Egypt Online Rental Startup La Reina Raises US$1 Million In Series A Round
Read Their Story
Orcas is a learning platform for students that offers tutors, courses, assessments, and learning video content. All four learning environments are connected to lesson paths designed by Orcas’ education team. The activity and performance of the learners on the platform are captured in a report to help them optimize their learning experience around their needs and strengths.
Milestones
2013 – Founded
2019 – $500 Pre-Series A
2021 – Partnered with CIRA
2024 – Acquired by Baims
Team
Hossam Taher – Co-Founder & CEO
Amira El Gharib – Co-Founder
Latest News
Edtech startup Orcas has sold to Kuwait’s Baims
Read Their Story
Traveazy Group, which operates Umrahme and Holidayme, is a B2B travel tech company with a strong focus on the Umrah market. Traveazy digitalizes the Umrah ecosystem by providing agents a B2C experience in a B2B environment along with analytics, business intelligence & marketing capabilities.
Milestones
2014 – Founded
2018 – $16M Series C
2019 – Launch of UmrahME
Team
Geet Bhalla – Co-Founder – Mohammed M.S Binmahfouz – Co-Founder
Latest News
Forbes Middle East reveals the region’s 50 Most-Funded Startups 2020
Deepecho logo
An AI healthtech company with FDA clearance revolutionizing maternal and fetal health
Octane logo
A digital payments solution to streamline all vehicle-related expenses in Egypt
enza logo
enza is on a mission to liberate payments and democratise the commercial possibilities for buyers and sellers across the continent
oliv logo
The simplest and fastest lending experience serving small and medium businesses in Egypt
Efreshli logo
Efreshli is built on a mission to make interior design accessible to everyone
Cartona logo
Cartona is a B2B platform connecting buyers (retailers) and sellers (producers, distributors and wholesalers)
Connect Money logo
Connect Money is a leading provider of embedded finance solutions, offering a one-stop shop banking experience for businesses and cash users
YoLa Fresh logo
YoLa Fresh is an agritech company building a sustainable and traceable fresh food supply network
DXwand logo
DXwand stands at the forefront of AI technology specializing in generative AI, knowledge mining and omnichannel Conversational AI technologies
Mtor logo
Mtor is an online-to-offline business offering a one-stop platform to workshops to procure a comprehensive range of automotive spare parts on-demand, at competitive prices.
Sylndr logo
Sylndr is an automotive focused e-commerce marketplace bringing innovation to the used-cars market, where customers can reliably and transparently sell and buy used cars
Mozare3 logo
Mozare3 is the farmer’s partner is digitizing agriculture in Egypt
Read Their Story
DeepEcho is an AI first healthtech company with FDA clearance founded by AI and healthcare experts. DeepEcho is on a mission to revolutionize prenatal care by providing clinicians with powerful, accessible tools to enhance fetal ultrasound diagnostics. Leveraging one of the world’s largest fetal ultrasound datasets and state-of-the-art deep learning techniques, DeepEcho is shaping the future of maternal-fetal health to ensure better outcomes for pregnant mothers globally.
Milestones
2020 – Founded
2025 – FDA clearance for AI-powered prenatal imaging
Team
Youssef Bouyakhf – Co-founder & CEO
Saad Slimani – Co-founder & CMO
Latest News
FDA clears DeepEcho’s foetal ultrasound analysis platform
Read Their Story
Octane is a digital wallet for vehicles that streamlines payments for all vehicle related expenses. It provides a comprehensive system that enhances fuel payment services. The system includes a controlled and monitoring fueling process that’s fraud free, digital and controlled. Octane has the widest stations network coverage in Egypt.
Milestones
2022 – Founded
2025 – $5.2M funding round
Team
Amr Gamal – Co-founder & CEO
Ziad Eladawy – Co-founder & CCO
Latest News
Egyptian fintech Octane raises $5.2 million to expand its fleet payments platform across MENA
Read Their Story
Founded by a team of seasoned payments industry experts, enza is committed to delivering agile, innovative, and secure payment solutions designed specifically for Africa’s unique challenges. With headquarters in the UAE and operations across Egypt, Nigeria, South Africa, and other key markets, enza is helping banks and fintechs unlock new opportunities for growth and inclusion.
Milestones
2022 – Founded
2025 – $6.7M Seed funding round
Team
Hany Fekry – Group CEO
Hamish Houston – Group COO
Andrew Key – Executive Director
Latest News
Ex-Network International execs raise $6.75M for Enza, an African fintech serving banks
Read Their Story
oliv is a digital invoice financing company serving small and medium businesses in Egypt. Its service involves minimal manual interactions and no technology requirements from clients, and delivers funding in less than 48 hours. The company operates under a digital factoring license from the Egyptian Financial Regulatory Authority.
Milestones
2024 – Received Egypt's first digital factoring license
Team
Ziad Mokhtar – Co-founder & CEO
Hatem Sabry – Co-founder & CFO
Latest News
Oliv receives Egypt’s first digital factoring license
Read Their Story
By uniquely blending interior design with technology, Efreshli has revolutionized the industry, ensuring that elevated design is attainable regardless of style or budget. The company has developed a strong network of ecosystem players within the design and home space, facilitating interaction among stakeholders to drive innovation in architecture as a whole. The platform showcases and sells thousands of products from over 150 of Egypt’s top brands, creating a seamless home shopping experience for its customers.
Milestones
2024 – Seed funding round
2024 – Showroom opening
Team
Heba Elgabaly – Co-founder & CEO
Dina Elhaddad – Co-founder & CPO
Latest News
Egypt’s Efreshli secures seed funding to fuel expansion + welcomes new co-founder
Read Their Story
Cartona is a B2B platform connecting buyers and sellers. Cartona enables buyers to order inventory by providing an easy-to-use mobile application that allows them to access a network of curated sellers. Cartona has introduced embedded financing which is seamlessly integrated into ordering cycles. The platform additionally offers detailed market insights on buyer behaviour, price competition and market share.
Milestones
2019 – Founded
2022 – $12M funding round
2024 – $8.1M funding round
Team
Mahmoud Talaat – Co-founder & CEO
Rami Essam – Co-founder & COO
Waseem Naguib – Co-founder & CCO
Latest News
Egypt’s Cartona raises $8.1M even as investors pull back from B2B e-commerce in Africa
Read Their Story
Connect Money is a leading provider of embedded finance solutions, offering a one-stop shop banking experience for businesses and cash users. With a proven track record of over 300K issued cards, Connect Money enables secure and reliable cashless payments, lending services, rewards programs, and a comprehensive range of financial solutions.
Milestones
2023 – Founded
2024 – $8M funding round
Team
Ayman Essawy – Co-founder & CEO
Wadi Jalil – Co-founder & CTO
Abdelaziz Sarhan – Co-founder & COO
Latest News
Connect Money scores $8M to enable non-bank businesses to offer embedded finance services
Read Their Story
YoLa Fresh is on a mission to revolutionize the fresh produce game in Africa. The company is using cutting-edge tech to streamline the whole process of getting fruits and veggies from farm to plate. They are giving farmers and other players in the game more power and control than ever before. Plus, the supply chain is built to move thousands of tonnes of perishable goods every single day, in less than 24 hours.
Milestones
2023 – Founded
2024 – $7M pre-series A funding round
Team
Larbi Alaoui Belrhiti – Co-founder & co-CEO
Youssef Mamou – Co-founder & co-CEO
Latest News
YoLa Fresh, a GrubMarket for Morocco, digs up $7M to connect farmers with food sellers
Read Their Story
DXwand stands at the forefront of AI technology specializing  in generative AI, knowledge mining and omnichannel Conversational AI technologies. DXwand empowers businesses to analyze data, govern compliance, optimize efficiency, generate documents, and engage customers across various channels, supporting multiple languages, including Arabic dialects.
Milestones
2018 – Founded
2024 – $4M funding round
Team
Ahmed Mahmoud – Co-founder & CEO
Mahmoud Gomaa – Co-founder & Chief Growth Officer
Latest News
DXwand raises $4M to scale its conversational AI platform serving enterprises in MENA
Read Their Story
Mtor is an online-to-offline business offering a one-stop platform to workshops to procure a comprehensive range of automotive spare parts on-demand, at competitive prices. Mtor uplifts workshops by providing faster delivery, cheaper prices and accurate data that streamlines the mechanic’s workflow.
Milestones
2022 – Founded
2023 – $2.8 Funding Round
Team
Mohamed Maged – Co-Founder & CEO
Mozz El Megharbel – Co-Founder & VP of Strategy
Latest News
Egypt’s Mtor nabs $2.8M pre-seed for its online auto parts marketplace
Read Their Story
Sylndr is automotive focused e-commerce marketplace bringing innovation to the used-cars market, where customers can reliably and transparently sell and buy used cars. The company is building trust in the used-car market by becoming the go-to place for customers seeking to sell and buy their cars, through an extensive range of high-quality used vehicles accessible across a diverse set of financing solutions.
Milestones
2021 – Founded
2022 – $12.6M Funding Round
2024 – $7.5M Funding Round
2025 – $15.7M Funding Round
Team
Omar El Defrawy – Co-Founder & CEO
Latest News
Sylndr, with a fresh $15.7M, allows users to buy, sell, finance, and service used cars in Egypt
Read Their Story
Mozare3 is an agri-fintech startup that aims to be the agricultural arm of food processing companies, and the marketing & financing arm of small-scale farmers. Mozare3 aims to generate deals to farmers with food processing companies, exporters, agricultural service providers and nurseries, to ensure a market opportunity to sell their crops, and to supply them with basic needs of the agricultural process from pesticides, fertilizers, Seedlings or Seeds through offering flexible payment terms.
Milestones
2020 – Founded
2021 – Seed funding round
Team
Hussein Abou Bakr – Co-Founder & CEO
Tamer El Raghy – Co-Founder
Latest News
Egyptian agtech Mozare3 raises over $1 million in pre-seed to provide small farmers with access to markets and credit
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