Egyptian Swypex secures $4 million seed to expand its corporate card platform
Swypex raises $4 million in seed funding to expand its platform's capabilities. Card adoption for personal use has increased in Egypt, but corporate card adoption is declining.
Accel leads $4M investment in Egyptian corporate cards platform Swypex
Over 30 million cards, including prepaid cards, are in circulation in Egypt, with a 14% increase in card usage in the last four years. Swypex, a fintech startup, raised $4 million to expand its business and technical capabilities in offering corporate cards and management tools for businesses.
