Acasia Angels

Acasia Angels, established in 2012, is an angel investing platform based in Cairo, Egypt, with a global community of angel investors. It focuses on supporting early-stage startups across the Middle East and Africa, primarily at the pre-Seed to pre-Series A stage. The platform invests in tech-driven and tech-enabled startups, as well as those in sectors like logistics, renewable energy, and agri-business.

Allam, Hossam

Founder and Chairman

Alia Bayoumi

Investment Associate

Mohamed Hussain

Investment Principal

Selim Roushdy

Investment Associate

Aly Shalakany

Managing Partner

25 past transactions

Winich Farms

Seed Round in 2024
Winich Farms is a technology-driven agri-startup focused on enhancing agricultural participation and global food security. The company connects farmers with access to finance, premium markets, and essential agricultural resources through its online crowdfunding platform. This platform engages farmers by providing quality inputs, agricultural expertise, process automation, and machinery, promising decent returns to both farmers and subscribers after each farming cycle. Winich Farms also operates an agro e-retail platform that facilitates direct sales from farmers to households at farm gate prices, effectively reducing the role of middlemen and making agricultural produce more affordable. The company's mission is to empower African farmers by lowering barriers to capital access, offering data-driven best practices, and fostering technology adoption to improve yields and market access. Winich Farms partners with established offtakers to ensure farmers can reach both local and global markets. With a vision of building a self-sufficient Africa that feeds the world, Winich Farms aims to create a prosperous and economically resilient continent through agriculture.

Settle Payments

Pre Seed Round in 2024
SETTLE automates enterprise's payments and manages all their bank accounts in one place for better cashflow decisions.

Bluworks.io

Pre Seed Round in 2024
Bluworks.io is a HRTech SaaS platform offers cloud-based solutions.

Pharmacy Mart

Venture Round in 2024
Pharmacy Marts is an online business-to-business marketplace based in Cairo, Egypt, that facilitates the procurement of daily prescriptions and medications for pharmacists. Founded in 2021, the platform aggregates offerings from various suppliers, allowing medical providers to list their products in one centralized location. By providing access to discounts and eliminating delivery charges, Pharmacy Marts streamlines the purchasing process for pharmacists, enabling them to efficiently meet their supply needs. The company also integrates fintech and logistics solutions to enhance its marketplace, ensuring that pharmacists can easily find suitable offers for their daily supply requests.

Suplyd

Seed Round in 2024
Suplyd is a digital platform focused on optimizing the food and beverage supply chain ecosystem by addressing its inherent fragmentation. The company aims to enhance the interactions between suppliers and restaurants through a suite of services that includes a digital marketplace, automated ordering systems, and comprehensive transaction records. Additionally, Suplyd provides payment solutions, logistics optimization, and online support, enabling businesses to access real-time analytics and insights into their procurement processes. By leveraging digitization, Suplyd seeks to streamline the ordering experience and improve overall efficiency within the industry.

Tappi

Pre Seed Round in 2023
Tappi is a SaaS company focused on empowering small businesses in Africa to acquire customers online. It offers a comprehensive suite of tools, including messaging, payments, and AI-driven customer profiling, to help these businesses enhance their online presence, engage with customers, and build reputation.

Lengo

Pre Seed Round in 2023
Lengo is an AI-based intelligence platform that serves companies in the fast-moving consumer goods (FMCG) sector, particularly in Africa. The platform leverages data from diverse sources, including retail sales information, to provide a comprehensive database on consumer goods. By analyzing this data, Lengo generates insights into consumer behavior, market trends, and the competitive landscape. This enables brands to make informed decisions regarding their marketing, sales, and distribution strategies, ultimately enhancing their operational effectiveness and market positioning.

Menthum

Pre Seed Round in 2023
Menthum is a company that focuses on enhancing financial well-being through a digital savings platform. It offers a user-friendly mobile application that simplifies money management for individuals. The platform allows for easy account setup and provides features such as instant fund transfers and no lock-in periods, ensuring flexibility for users. With a commitment to safety and security, Menthum's services are built on regulated fund management and investment in government securities. This positions the company to offer secure savings options, enabling individuals to earn returns while maintaining the ability to withdraw their funds at any time. Ultimately, Menthum aims to improve people's lives by making financial management more accessible and straightforward.

Precision Cardiovascular

Seed Round in 2023
Precision Cardiovascular is a developer of advanced micro-sensor technology focused on the early detection of cardiovascular complications, particularly in patients with acute heart failure. The company's innovative sensor system enables remote monitoring, providing unbiased data that enhances the visualization of patient conditions, tracks the progression of illnesses, and assesses the effectiveness of therapies. By automating clinical workflows, Precision Cardiovascular's technology allows healthcare providers to refine drug dosing, gain deeper therapeutic insights, and implement preventative measures. The overall aim is to improve long-term health outcomes for patients while reducing the costs associated with emergency medical situations.

Balad

Pre Seed Round in 2023
Balad is a financial technology platform focused on serving migrants and their families by providing essential banking services. The platform specializes in facilitating cross-border remittances and offers features such as mobile banking applications and prepaid debit cards. Balad targets the underbanked families of Egyptian migrants, aiming to simplify the digital remittance process while minimizing transaction fees. In addition to remittances, the platform plans to expand its range of financial products, enabling migrants to ensure their families receive timely financial support. Through its innovative approach, Balad seeks to improve financial accessibility for those who face challenges in traditional banking systems.

Swaplanet

Pre Seed Round in 2023
Swaplanet is an online platform designed to help parents renew their children's wardrobes sustainably. The company allows parents to gather outgrown and unused clothes, toys, books, and accessories in good condition, which are then collected from their homes. Once collected, these items are sorted, washed, photographed, and uploaded to the Swaplanet site. Parents receive credit for the items they send, enabling them to shop for new clothing for their children. The platform charges a small fee per item swapped to cover costs related to shipping, sorting, and laundering. This service not only provides a convenient way for families to exchange unused items but also helps reduce environmental impact and promotes a circular economy.

Fez

Seed Round in 2023
Fez is a logistics platform focused on providing hassle-free delivery services to customers. The company offers an application that facilitates last-mile delivery within urban areas, allowing users to book deliveries, manage their wallets, and track their orders. By enabling the movement of goods from any point in the country, Fez aims to deliver affordable, fast, and efficient delivery solutions. The company is committed to ensuring a stress-free experience for both senders and recipients, emphasizing their duty to deliver packages with care and reliability.

Credable

Seed Round in 2023
Credable is a digital banking platform that aims to provide financial services to underbanked populations in emerging markets. By partnering with financial institutions and businesses, Credable enables the launch of various financial products, including credit, savings, and payment solutions, on its B2B2C digital infrastructure. This approach connects financial institutions to their customers, empowering end-users with access to essential financial services. By leveraging its platform, Credable allows its partners to concentrate on their core operations while expanding their offerings in the financial services sector.

CredPal

Venture Round in 2022
CredPal is a financial technology company based in Lagos, Nigeria, founded in 2018 by Fehintolu Olaogun and Olorunfemi Jegede. The company offers a platform that enables both businesses and individuals to purchase goods and services and pay for them in installments at various online and offline merchants. CredPal's solution enhances transparency by allowing users to set up accounts and select payment plans that minimize risk. The platform connects customers with multiple financial institutions, providing convenient access to credit at the point of checkout. This service not only facilitates consumer purchases but also empowers retail businesses to offer on-demand credit to their customers, thereby enhancing the overall shopping experience.

Finclusion Group

Seed Round in 2022
Finclusion is a FinTech accelerating company that provides financial services and credit products using AI-powered and data-driven lending for fraud prevention and credit granting. The company also offers buy-now-pay-later (BNPL) services, salary advance schemes, loan services, and transactional banking to individuals and SMEs across 5 countries—South Africa, Eswatini, Namibia, Kenya, and Tanzania.

Flexpay

Seed Round in 2022
Flexpay is a digital payment wallet based in Nairobi, Kenya, that facilitates electronic transactions for individuals and merchants. The company offers an automated platform enabling flexible payment solutions for various goods and services, allowing payments to be divided into smaller, manageable installments. Its product offerings include Flex Rent, designed for commercial and residential rent payments, Flex Travel for holiday package payments, and Flex Retail for transactions with partner merchants. Flexpay utilizes a secure system that supports mobile money and bank transfers, helping merchants engage effectively with customers through its innovative Save Now, Buy Later model, which allows for personalized incremental saving plans. This approach makes purchases more affordable, enhancing the overall payment experience across Africa.

The Fashion Kingdom

Seed Round in 2022
The Fashion Kingdom is an e-commerce platform specializing in a wide range of fashion and beauty products. The company offers an extensive selection of clothing, including shirts, jeans, jackets, sweatshirts, hoodies, knitwear, swimwear, and activewear, as well as health and beauty items such as liquid lipsticks, fragrances, and various accessories. Catering to diverse age groups and genders, The Fashion Kingdom focuses on providing quality outfits from different brands at value-for-money prices, primarily serving customers in Egypt. To enhance customer experience, inquiries are managed through online applications, ensuring efficient communication and support.

FlexPay

Seed Round in 2022
FlexPay is an AI-driven platform based in Montréal, Quebec, Canada, that specializes in recovering lost revenues from declined transactions. Founded in 2017, the company employs advanced machine learning models to salvage between 50% and 70% of declined payments. By analyzing various transaction attributes, FlexPay's system addresses issues on a transaction-by-transaction basis, utilizing a proprietary decline salvage and risk balancing strategy. The platform integrates seamlessly with existing customer relationship management systems and payment gateways, allowing merchants to improve their recovery rates while maintaining customer retention and account health. Through its innovative approach, FlexPay aims to mitigate the financial impact of payment declines and reduce chargeback costs for businesses.

Kashat

Seed Round in 2022
Kashat is a mobile financial services company focused on addressing the financial needs of the unbanked and underbanked populations in Egypt. Through its user-friendly mobile app, Kashat provides instant small loans to individuals who typically lack access to traditional banking services. The platform employs alternative cellular data to assess creditworthiness for customers with limited credit histories, helping them establish a financial identity. Once approved, users can withdraw their loans via mobile wallets and other digital payment services, ensuring a seamless digital experience. Kashat's mission is to empower its customers by offering accessible and affordable microloans, enabling them to bridge financial gaps and improve their overall financial well-being. The company operates under the regulation of the Financial Regulatory Authority in Egypt.

Credrails

Seed Round in 2022
Credrails is a fintech company that specializes in providing infrastructure for open banking. It connects diverse financial data sources such as banks and mobile money services via a unified API, facilitating seamless money transfers and fostering interoperability within Africa's digital economy.

Orcas

Seed Round in 2022
Orcas Solutions Limited operates an online marketplace that connects parents and students with experienced and reliable private tutors and babysitters in Egypt, Saudi Arabia, and Pakistan. Founded in 2014 and based in Cairo, the company provides a hybrid tutoring platform that offers live tutoring sessions along with personalized learning plans and courses. This approach enables students to receive tailored educational experiences, enhancing their learning and making education more enjoyable. Through its services, Orcas Solutions aims to empower students and support families in finding quality educational and childcare resources.

QiDZ

Seed Round in 2022
QiDZ LLC is a mobile application developer based in Dubai, United Arab Emirates, established in 2017. The company offers a platform that connects parents with a variety of entertainment, educational, and after-school vendors. Through its application, users can discover and book fun and educational activities, deals, and dining options tailored for families. This service allows parents to efficiently find and plan engaging experiences for their children, while also providing vendors with a targeted audience to promote their offerings. The platform serves as a comprehensive resource for families seeking enjoyable and enriching activities for kids of all ages.

Nawah Scientific

Seed Round in 2021
Nawah Scientific, founded in 2015 and based in Cairo, Egypt, operates as a core hub for advanced scientific research in natural and medical sciences. The company offers a comprehensive range of analytical services, including chromatographic analysis, bioassays, spectrophotometric analysis, and phytochemical services. It enables researchers to conduct experiments through an online platform that facilitates the booking of high-tech scientific equipment such as dissolution testers and spectrophotometers. This innovative approach allows Nawah's scientists to perform experiments and deliver results online, making world-class research accessible to scientists and universities regardless of their laboratory capabilities. In its first three years, Nawah analyzed over 10,000 samples for numerous institutions across the MENA region, Malaysia, the UK, and Switzerland. Additionally, the company provides training courses in advanced techniques, further supporting the scientific community.

Fin

Seed Round in 2021
Fin is a company operating in the financial services industry, based in Quatre Bornes, Plaines Wilhems District, Mauritius. Established in 2019, Fin employs around 230 individuals and focuses on providing solutions that cater to the financial sector. The company's LinkedIn profile suggests a commitment to leveraging technology to enhance financial operations, though specific products and services are not detailed. As a participant in the financial services industry, Fin likely engages in activities that could include financial analysis, consulting, technology services, or financial management solutions aimed at improving efficiency and decision-making for businesses and individuals.

Orcas

Convertible Note in 2017
Orcas Solutions Limited operates an online marketplace that connects parents and students with experienced and reliable private tutors and babysitters in Egypt, Saudi Arabia, and Pakistan. Founded in 2014 and based in Cairo, the company provides a hybrid tutoring platform that offers live tutoring sessions along with personalized learning plans and courses. This approach enables students to receive tailored educational experiences, enhancing their learning and making education more enjoyable. Through its services, Orcas Solutions aims to empower students and support families in finding quality educational and childcare resources.
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