EFG EV Fintech

EFG EV Fintech is a Cairo-based accelerator that focuses on fostering the growth of the Fintech ecosystem through investments in startups. By leveraging the financial expertise of EFG Hermes and the entrepreneurial experience of Egypt Ventures, the firm aims to support innovative companies in various sectors, including fintech, insurtech, regtech, proptech, blockchain, and infratech. EFG EV Fintech offers a comprehensive range of services to emerging startups, including funding, mentorship, training, and office space, thereby enhancing their potential for domestic growth and international expansion.

Mahmoud El-Zohairy

CEO

16 past transactions

El-Dokan

Pre Seed Round in 2022
El-Dokan is a pioneering enterprise eCommerce software provider tailored for large and expanding retail stores in the MENA region. The company specializes in developing comprehensive software solutions that optimize operations and enhance sales conversion for its clients. By offering end-to-end software and web application development, El-Dokan enables retail businesses to streamline their processes, allowing them to concentrate on their core activities. With a focus on improving operational efficiency and driving sales, El-Dokan positions itself as a vital partner for retail enterprises looking to thrive in a competitive market.

Raseedi

Seed Round in 2021
Raseedi is a fintech company that focuses on providing financial services to underbanked individuals through its mobile application. The app offers a range of features including a dialer for making cheaper calls, saving tips, payment options, and instant borrowing of airtime and bill payments without requiring a credit history. Raseedi's platform uses smart algorithms to match user consumption with suitable telecom packages, automating the process to help users save on their expenses by offering coupons, promo codes, discounts, and budget limits.

Kiwe app

Series A in 2021
Kiwe app is a mobile payment application that enables users to transfer money instantly. Revenue Coverage Q1 2024 - not found

Fintech Galaxy

Seed Round in 2021
Fintech Galaxy is a global platform dedicated to fostering open innovation in the financial services sector. It enables collaboration among various stakeholders, including financial institutions and fintech companies, by providing a reliable and secure API infrastructure. This platform facilitates Open Banking API integration, allowing businesses to gain greater control over financial data and payment processes. By democratizing access to financial services, Fintech Galaxy drives innovation and enhances the overall efficiency of financial ecosystems, ultimately benefiting both providers and consumers.

Fatura

Seed Round in 2021
Fatura is a technology platform transforming the fast-moving consumer goods (FMCG) sector in Egypt and Africa since its inception in 2019. It serves as the first application to facilitate the entire FMCG traditional trade cycle, connecting manufacturers and wholesalers directly with retailers. By digitizing the ordering process, Fatura addresses critical challenges within the traditional FMCG framework, while also enhancing retailers' cash flow through the option of on-credit purchasing. The platform utilizes data analytics and advanced AI models to evaluate the creditworthiness of retailers efficiently. With a strong presence in Cairo and Giza, Fatura is positioned to become a leading technology provider in the FMCG industry across the region, helping to correct supply-side inefficiencies and providing valuable market intelligence.

Mozare3

Pre Seed Round in 2021
Mozare3 is an agricultural-fintech startup that aims to support over 20 million underserved smallholder farmers and their families. The platform connects local farming communities to both local and global markets, facilitating access to essential agricultural services and resources. It offers periodic field visits, detailed reports, and tailored training programs to enhance the skills and capabilities of small farmers. Additionally, Mozare3 provides opportunities for farmers to market their crops and connect with agricultural export companies, ensuring they can access deals from various agricultural service providers. This includes flexible payment terms for essential supplies such as pesticides, fertilizers, and seeds, thereby fostering economic growth and sustainability within the agricultural sector.

zVendo

Seed Round in 2021
zVendo is an e-commerce platform designed to assist small businesses in creating and managing their online stores. It offers a user-friendly experience with ready-to-use templates and various integrations, allowing businesses to showcase their brands effectively. The platform supports multiple subscription-based packages, catering to diverse needs, and includes built-in payment and shipping solutions. Additionally, zVendo enables businesses to operate in both Arabic and English, making it accessible to a broader audience.

Dayra

Pre Seed Round in 2021
Dayra is an online financial platform that aims to provide essential financial services to unbanked gig workers and micro-businesses, primarily in Egypt. By leveraging API integration, Dayra enables companies to offer services such as virtual bank accounts, prepaid cards, and access to credit and loans. This approach allows businesses to seamlessly embed financial services into their existing operations, facilitating hassle-free and instant financing for their unbanked workers and customers. Dayra's offerings are designed to be more accessible and cost-effective than traditional lending options, addressing the financial needs of underserved populations.

Subsbase

Pre Seed Round in 2020
SubsBase is a cloud-based platform that specializes in subscription and billing management for businesses operating on a recurring revenue model. It offers a comprehensive suite of operational, analytics, and billing tools designed to simplify the management of subscriber lifecycles. By automating tasks related to payment processing, subscription management, and invoicing, SubsBase enables businesses to tailor their offerings, including plans and pricing, to meet specific customer needs. This user-friendly platform enhances operational efficiency, allowing companies to focus on their core products and services while effectively managing their subscriber base.

Nowpay

Seed Round in 2020
NowPay, Inc. is a fintech company based in Cairo, Egypt, that aims to enhance the financial wellness of corporate employees. Established in 2018, it offers an online platform that enables employees to manage personal finances, including budgeting, spending, and borrowing. Through its mobile application, users can access detailed information about their salaries, account balances, and potential loan amounts. NowPay collaborates with employers to provide employees with the option to receive advance salary payments at any time during the month, allowing for repayment over multiple months without additional liabilities. This service not only aids employees in times of financial need but also helps corporations improve employee satisfaction, productivity, and loyalty.

Fatura

Seed Round in 2020
Fatura is a technology platform transforming the fast-moving consumer goods (FMCG) sector in Egypt and Africa since its inception in 2019. It serves as the first application to facilitate the entire FMCG traditional trade cycle, connecting manufacturers and wholesalers directly with retailers. By digitizing the ordering process, Fatura addresses critical challenges within the traditional FMCG framework, while also enhancing retailers' cash flow through the option of on-credit purchasing. The platform utilizes data analytics and advanced AI models to evaluate the creditworthiness of retailers efficiently. With a strong presence in Cairo and Giza, Fatura is positioned to become a leading technology provider in the FMCG industry across the region, helping to correct supply-side inefficiencies and providing valuable market intelligence.

Presto

Convertible Note in 2020
Presto is a technology company that specializes in providing advanced digital solutions to the hospitality industry, particularly in automating operations for drive-thrus. Founded at M.I.T. in 2008 and headquartered in Silicon Valley, California, Presto leverages voice, vision, and touch technologies to enhance guest experiences and help businesses address labor shortages. The company has shipped over 250,000 systems, making it one of the largest providers of labor automation technology in its sector. Its customer base includes many of the top 20 restaurant chains in the United States, where Presto's solutions contribute to generating new revenue and streamlining operations.

Paynas

Pre Seed Round in 2019
Paynas is a Cairo-based company founded in 2018 that specializes in providing a cloud-based human resource management and payroll platform tailored for small and medium-sized enterprises (SMEs). The platform offers a comprehensive suite of services, including seamless payroll solutions, employee management, recruitment management, and attendance tracking. Additionally, Paynas provides Visa-powered cards and access to a benefits marketplace, promoting financial inclusion for employees through various financial services. By focusing on the unique needs of SMEs, Paynas aims to facilitate growth and enhance operational efficiency for its clients while ensuring that employees receive essential benefits and banking services.

Raseedi

Seed Round in 2019
Raseedi is a fintech company that focuses on providing financial services to underbanked individuals through its mobile application. The app offers a range of features including a dialer for making cheaper calls, saving tips, payment options, and instant borrowing of airtime and bill payments without requiring a credit history. Raseedi's platform uses smart algorithms to match user consumption with suitable telecom packages, automating the process to help users save on their expenses by offering coupons, promo codes, discounts, and budget limits.

Digified

Pre Seed Round in 2019
Digified is a fintech startup based in Cairo, Egypt, specializing in digital identity verification solutions across Egypt, Africa, and the Middle East. Founded in 2019, the company provides a WiFi-enabled platform that streamlines the onboarding process for verifying official documents, utilizing machine learning and optical character recognition technologies. Its offerings include Arabic document OCR, fraud detection, face matching, and anti-spoofing measures, as well as authentication against government databases and anti-money laundering checks. By allowing customers to share their basic profile data in exchange for free WiFi, Digified enhances customer engagement while ensuring secure identity verification for businesses. The company aims to establish itself as a leading digital identity provider in the region.

Paynas

Pre Seed Round in 2018
Paynas is a Cairo-based company founded in 2018 that specializes in providing a cloud-based human resource management and payroll platform tailored for small and medium-sized enterprises (SMEs). The platform offers a comprehensive suite of services, including seamless payroll solutions, employee management, recruitment management, and attendance tracking. Additionally, Paynas provides Visa-powered cards and access to a benefits marketplace, promoting financial inclusion for employees through various financial services. By focusing on the unique needs of SMEs, Paynas aims to facilitate growth and enhance operational efficiency for its clients while ensuring that employees receive essential benefits and banking services.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.