1864 Accelerator
1864 Accelerator, established in 2016, is Egypt's first financial technology-focused startup accelerator program. Powered by Flat6Labs in collaboration with Barclays Bank Egypt, it aims to promote innovation in the FinTech sector by supporting entrepreneurs in transforming their disruptive ideas into commercially viable solutions. The accelerator invites startups and concepts across various areas of financial services, including payments, digital banking, machine learning, lending, trading, cybersecurity, data analytics, cryptocurrency, insurance, wealth management, asset management, and capital markets. By providing resources and mentorship, 1864 Accelerator plays a pivotal role in advancing the FinTech landscape in Egypt.
9 past transactions
Olly
Non Equity Assistance in 2016
Olly is a digital credit card startup based in Santiago, Chile, focusing on providing an on-demand payment application for mobile devices. The company targets students and young individuals, offering them a flexible solution that allows users to manage their finances effectively through a switch on-switch off feature. This innovative approach aims to empower young consumers by facilitating digital payments while promoting responsible spending habits.
Bees 365
Non Equity Assistance in 2016
Bees 365 is a cloud platform for corporate productivity and employee’s collaboration. Bees 365 utilizes cloud technology to provide clients with the necessary management tools to help them tackle recurrent challenges
Entej
Non Equity Assistance in 2016
Entej is an Egyptian company that operates a digital social networking platform tailored for small and medium-sized enterprises (SMEs) in Arabic-speaking markets. Founded in 2012 and based in Cairo, Entej's platform aims to support SMEs, entrepreneurs, and experts by providing tools for networking, market research, distribution networks, supply chain enhancement, global opportunities, business incubation, and complementary business ventures. The company focuses on integrating social networking concepts with economic objectives to facilitate project implementation and development through human resource integration.
YALLA NSADAR
Non Equity Assistance in 2016
Yalla Nsadar aims to build a bridge between Egyptian exporters of all industries and importers by providing an opportunity that connects exporters with importers under one umbrella of an online marketplace that provides all the necessary information and navigation tools that help facilitate the trade process.
Card Switch
Non Equity Assistance in 2016
Card Switch is a mobile application focused on anti-fraud measures and card management, aimed at empowering customers to take control over their credit and debit card usage. The application allows users to customize their card settings based on specific criteria such as location, transaction amount, and merchant. By providing features that enable users to monitor their linked cards, block them temporarily, and switch supplementary cards on or off, Card Switch seeks to significantly reduce instances of fraud while enhancing customer satisfaction. Through this innovative approach, Card Switch transfers the responsibility of fraud prevention directly to the customer, fostering a more secure and user-friendly experience.
Money Fellows
Non Equity Assistance in 2016
Money Fellows is a collaborative group lending and savings platform designed to help individuals access interest-free credit and improve their savings outcomes. The platform allows users to form circles with friends and family, enabling them to contribute to a shared fund and take turns withdrawing the total amount. This innovative approach leverages users' social networks to facilitate financial collaboration, making it easier for individuals to achieve their savings goals while providing access to credit without interest. The service is characterized by its simplicity and efficiency, allowing users to validate their circles within minutes.
Carsurance
Non Equity Assistance in 2016
Carsurance is an online platform based in Egypt that provides insurance solutions for individual car owners. The company specializes in comparing quotes from various car insurance providers, helping customers find the best value for their insurance needs. By streamlining the process of obtaining insurance quotes, Carsurance enables car owners to make informed decisions and secure better coverage for their vehicles. The platform aims to simplify the insurance purchasing experience and enhance affordability for its users.
Olly Smart Credit Card
Non Equity Assistance in 2016
Olly is a digital credit card for India's working masses and young people. Today, Olly has come full-circle in Egypt extending the product offering to the youth market here and its been well received by the Egyptian student audience.
Save.it
Non Equity Assistance in 2016
Save.it is a personal financial planning application that enables its users to manage their money. It was launched in 2016 by Ahmed Abuiliazeed.
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