Egyptian fintech Qardy raised a seven-figure pre-seed round from White Field Ventures, Vastly Valuable Ventures, and angel investors. Founded in 2022, Qardy connects MSMEs with financial institutions. The investment will enhance Qardy’s platform, expand services in the MENA region, and accelerate growth in KSA, emphasizing transparency and customer satisfaction.
Telecom Egypt has signed a multi-year agreement with Mada Communications to be its preferred strategic international SMS service provider. This partnership will leverage Mada®’s expertise to enhance Telecom Egypt’s A2P messaging services, improve customer experience, and maximize messaging revenues through secure and innovative communication solutions.
Egypt will launch a digital platform to engage diaspora academics in national higher education and research strategies. The JESOR-D Initiative will facilitate collaboration with experts abroad, addressing local development challenges and promoting sustainable growth. This platform aims to turn brain drain into brain gain, enhancing Egypt’s academic and research capabilities.
Vodafone Egypt has been ranked first in Umlaut’s latest network performance reports, covering November 2023 to April 2024. The company achieved top scores for mobile and fixed broadband performance. This recognition aligns with Vodafone Egypt’s commitment to customer satisfaction and continuous investment in network infrastructure to ensure reliable, high-quality connectivity.
Valu, MENA’s leading financial technology company, has partnered with Truecaller to enhance customer safety and business communication. By adopting Truecaller’s Verified Business Caller ID solution, Valu aims to provide secure, verified interactions, fostering trust and efficiency. This collaboration underscores Valu’s commitment to leveraging advanced technology for improved customer experience and financial inclusion.
ITIDA and Informatique Education for Technology signed an MoU to enhance software engineering competence in Egypt. The collaboration offers training, consultation, and certification services from ITIDA’s SECC, aiming to upskill employees, develop software products, and promote global standards. This initiative supports Egypt’s position as a leading hub for software development and technology services.
Cartona, a B2B platform digitizing Egypt’s traditional trade market, raised $8.1 million in a Series A extension. The funds will accelerate growth, expand market share, and support regional expansion. The company’s asset-light model and strong unit economics have driven substantial growth, now serving over 188,000 retailers across 17 Egyptian cities.
Al-Attal Properties has partnered with Orange Egypt to equip its Park Lane and West Leaves projects with advanced communication services through Orange’s Triple Play. This collaboration aims to enhance internet, telephone, and IPTV services, creating smart urban communities with modern infrastructure and sustainable designs in the New Administrative Capital and 6th of October City.
Vodafone Egypt has been ranked first in Umlaut’s network performance reports, covering November 2023 to April 2024. Vodafone excelled in mobile and fixed broadband performance, earning top scores for coverage, download speed, and latency. This achievement reflects Vodafone’s commitment to investing in network infrastructure and prioritizing customer satisfaction.
Egyptian fintech company MNT-Halan has secured US$157.5 million in funding to support its global expansion. Founded in 2018 to provide digital banking solutions for the unbanked, MNT-Halan’s ecosystem includes business lending, consumer finance, and e-commerce. With over 2.2 million active users, the company aims to extend its innovative financial services internationally.
