Moniepoint investor takes over Egypt’s $105M Nclude with new venture fund
DPI has taken over the management of Egypt’s $105 million Nclude Fund. Nclude was established in March 2022 by Egyptian state-owned banks and fintech partners.
10 Startups to Watch in 2025 in North Africa
Chari, a Moroccan startup, is revolutionizing retail with a B2B e-commerce platform that supports over 20,000 small grocery stores. MaxAB in Egypt has merged with Wasoko, creating Africa's largest informal retail network, supporting over 450,000 merchants.
Capria VC wants to back two more African Series A startups with $1-$3 million each
Capria VC has $207 million in assets under management and has invested in 17 fund managers. The firm has direct investments in 41 startups, focusing on sectors like fintech, agtech, and healthtech.
Top 5 Startups to Watch in Egypt in 2025
Egypt's ICT sector generates $6.5 billion in revenue in 2025. Over 600 startups are driving innovation in Egypt.
Egypt’s Fintech Paymob Raises USD 22 M in Series B
Paymob raised USD 22 million in Series B extension round. Led by EBRD Venture Capital with participation from PayPal Ventures and others.
