Egyptian fintech startup ElGameya has raised a seven-figure US dollar investment round to expand its reach and accelerate product innovation, deepening its impact on underserved communities. Founded in 2020 by Ahmed Abdeen, ElGameya modernizes the culturally rooted Rotating Savings and Credit Association (ROSCA) model via a secure, user-friendly mobile app. The platform enables customizable savings circles and flexible financing for diverse societal needs, including education, marriage, and small business startups. A graduate of AUC Venture Lab’s Fintech Accelerator, ElGameya previously raised a pre-seed round and now secures funding led by AYADY for Investment and Development with participation from several local and international investors. The startup has achieved sustained 50% month-on-month growth with nearly one million users and partnerships with over 150 companies and schools. AYADY’s chairman, Osama Saleh, affirmed their support aligns with promoting technology-driven financial inclusion and sustainable growth in Egypt.
ElGameya Secures Seven-Figure Funding to Scale Financial Inclusion in Egypt
