Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Bosta and e& have formed a landmark partnership at GITEX Dubai 2025 to integrate logistics and digital payments in Egypt, empowering merchants through faster cash cycles, fintech inclusion, and seamless delivery innovation.
Egyptian fintech company Money Fellows has surpassed $1.5 billion in transactions, reaching 8 million users and profitability. Operating under the Central Bank’s FinTech Sandbox, the firm offers digital savings circles, prepaid cards, and smart savings tools, supporting Egypt’s financial inclusion goals.
Egypt’s mobile wallet transactions hit EGP 943.4bn in Q2 2025, up 72% year-on-year, with 717.7 million transactions and 46.3 million active wallets. Vodafone Cash led the market with 81% of transaction value. The NTRA has reinforced security and enabled international remittances to further boost adoption.
Cairo-based fintech Munify has raised $3M in a Y Combinator–led seed round to expand its cross-border digital banking platform for Egyptians abroad. Offering instant remittances, U.S. bank accounts, debit cards, and currency-hedging tools, Munify plans to scale teams, partnerships, and market presence after graduating from YC’s Summer 2025 batch.
Flutterwave’s Send App launch in Egypt enhances cross-border remittances with secure, fast, and accessible transfers, empowering the Egyptian diaspora to support families and communities while advancing Africa’s fintech ecosystem.
Valu’s stock surged over 850% on its EGX debut, reaching a $370 million market cap through a novel share distribution by EFG Holding. Backed by Amazon as a key shareholder, Valu leads Egypt’s consumer finance sector with strong growth and digital innovation, poised to expand financial inclusion and transform fintech in the region.
ElGameya’s recent seven-figure funding round empowers the fintech to scale its innovative, app-based savings platform targeting underserved Egyptian communities. With nearly one million users and strong growth, the investment supports product development and expansion, advancing financial inclusion and flexible credit solutions across diverse population segments.
AL Ahly Momken and Post Distribution CO-PDC have partnered to establish a new branch network across Egypt, promoting financial inclusion and digital transformation. Initial branches in Cairo and Port Said will offer e-wallet, KYC, and payment services, focusing on reaching underserved regions and supporting Egypt’s Vision 2030 goals.
Tanmeyah and AMAN Holding have signed a strategic partnership to offer digital financial services, enabling Tanmeyah customers to access financing and make payments flexibly through AMAN’s retail network. The collaboration supports Egypt’s financial inclusion efforts and digital transformation, making financial services more accessible and efficient.
e& Egypt has launched its first international mobile transfer service, allowing users to send and receive money instantly via the e& Cash wallet app. Initially available for transfers between Egypt, the UAE, and Saudi Arabia, the service simplifies cross-border remittances and contributes to Egypt’s growing financial inclusion.