EFG EV FinTech

EFG EV FinTech is a venture capital firm investing in early-stage financial technology startups. It combines the financial expertise of EFG Hermes with Egypt Ventures' entrepreneurial know-how to support Fintech innovation. The firm invests in promising startups, providing funding, mentorship, training, and office space to foster growth domestically and internationally.

Mahmoud El-Zohairy

CEO

16 past transactions

El-Dokan

Pre Seed Round in 2022
El-Dokan is an information technology consulting company that specializes in developing enterprise eCommerce software tailored for large and growing retail stores in the MENA region. The company focuses on optimizing operations and enhancing sales conversion for its clients by providing end-to-end software development and web application solutions. By streamlining eCommerce processes, El-Dokan allows retail businesses to concentrate on their core activities, ultimately improving their overall efficiency and effectiveness in the competitive online marketplace.

Raseedi

Seed Round in 2021
Raseedi is a fintech application targeting underbanked consumers, providing a dialer to make cheaper calls, enable payments, and allow borrowing airtime and bills instantly without a credit history. The platform uses an intelligent algorithm to match user telecom consumption with suitable multi-line packages and can automate usage on affordable SIMs, helping users save on everyday needs like food and medical purchases through 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 that enables open finance and open banking by connecting financial institutions and fintechs. It facilitates ecosystem collaboration and API integrations to democratize financial services, giving businesses more control over data and payments while accelerating innovation in financial services.

Fatura

Seed Round in 2021
Fatura is a technology platform established in 2019 that aims to transform the fast-moving consumer goods (FMCG) industry in Egypt and Africa. It serves as a digital solution connecting FMCG manufacturers and wholesalers directly with retailers, streamlining the traditional trade cycle. By digitizing the ordering process, Fatura addresses significant challenges faced by retailers, such as supply-side inefficiencies and access to market intelligence. The platform enables retailers to make on-credit purchases, thereby improving their working capital. Additionally, Fatura employs advanced data analytics and artificial intelligence to assess the creditworthiness of retailers within its network, enhancing financial decision-making for both retailers and wholesalers. With notable traction in Cairo and Giza, Fatura is positioned to become a leading player in the FMCG technology landscape across the region.

Mozare3

Pre Seed Round in 2021
Mozare3 is an agricultural-fintech platform that serves smallholder farmers, connecting farming communities to local and global demand. It provides periodic field visits, reports, recommendations, and training to build farmers’ capacity, enabling them to access deals from agricultural service providers and nurseries and to obtain basic inputs such as pesticides, fertilizers, seedlings, or seeds through flexible payment terms. The platform serves over 20 million underserved, unbankable smallholder farmers and their families.

zVendo

Seed Round in 2021
zVendo is an e-commerce platform designed to assist small businesses in building and managing their online stores. It offers a user-friendly experience through ready-to-use templates and a variety of integrations. The platform supports multiple subscription-based packages and includes essential features such as payment and shipping integrations. With a focus on accessibility, zVendo enables businesses to create their online presence in both Arabic and English, facilitating an omnichannel approach to e-commerce.

Dayra

Pre Seed Round in 2021
Dayra is a financial technology company that provides an online platform designed to empower businesses in offering financial services to unbanked gig workers and micro-businesses. By integrating its services through APIs, Dayra enables companies to offer virtual bank accounts, prepaid cards, and access to credit and loans. The company's solutions are aimed at facilitating hassle-free and instant financial services at lower costs compared to traditional lenders, starting with a focus on the Egyptian market. Through its innovative approach, Dayra addresses the financial needs of unbanked individuals, enhancing their access to essential financial resources.

Subsbase

Pre Seed Round in 2020
SubsBase is a cloud-based subscription and billing platform designed to assist subscription-based businesses in managing their operations, analytics, and billing processes. The platform offers an intuitive and user-friendly interface that streamlines payment, subscription, and invoice management. By providing customizable solutions for recurring revenue and subscription offerings, SubsBase allows businesses to tailor their plans, pricing, and billing cycles to meet specific requirements. The automation features of the platform enhance efficiency by reducing the overhead associated with subscriber lifecycle management, enabling companies to focus on their core products and services while saving time and resources.

NowPay

Seed Round in 2020
NowPay is a fintech company that develops and operates a platform to improve the financial wellness of corporate employees. The platform enables salary access and early wage payments, allowing employees to receive a portion of their earned wages at any time during the month, with repayment over multiple months via a mobile app. It also includes personal finance management tools for budgeting, saving, spending and borrowing, and provides salary balances and the maximum eligible loan amount. The company partners with employers to deliver these services, aiming to enhance employee happiness, productivity and loyalty. NowPay is based in Cairo, Egypt.

Fatura

Seed Round in 2020
Fatura is a technology platform established in 2019 that aims to transform the fast-moving consumer goods (FMCG) industry in Egypt and Africa. It serves as a digital solution connecting FMCG manufacturers and wholesalers directly with retailers, streamlining the traditional trade cycle. By digitizing the ordering process, Fatura addresses significant challenges faced by retailers, such as supply-side inefficiencies and access to market intelligence. The platform enables retailers to make on-credit purchases, thereby improving their working capital. Additionally, Fatura employs advanced data analytics and artificial intelligence to assess the creditworthiness of retailers within its network, enhancing financial decision-making for both retailers and wholesalers. With notable traction in Cairo and Giza, Fatura is positioned to become a leading player in the FMCG technology landscape across the region.

Presto

Convertible Note in 2020
Presto is a hospitality technology company that overlays digital solutions onto the physical world to automate restaurant operations and enhance guest experiences. Its enterprise-grade voice, vision, and touch technologies support drive-thru automation, on-demand delivery management, and labor optimization for hospitality businesses. Having shipped over 250,000 systems, Presto ranks among the leading labor automation providers in the industry and serves major U.S. restaurant brands. Founded at MIT in 2008, the company is headquartered in Silicon Valley, California, and generates most of its revenue in the United States.

Paynas

Pre Seed Round in 2019
Paynas is a technology company based in Cairo, Egypt, founded in 2018, that specializes in human resource management and payroll solutions for small and medium-sized enterprises (SMEs). The company offers a cloud-based platform that integrates various HR features, including employee management, payroll processing, recruitment management, and attendance tracking. Paynas also provides a seamless payroll solution through Visa-powered cards, alongside a benefits marketplace that includes affordable medical insurance and other financial services. By focusing on the needs of SMEs, Paynas aims to enhance financial inclusion for employees and facilitate the growth of businesses by streamlining their HR and payroll processes.

Raseedi

Seed Round in 2019
Raseedi is a fintech application targeting underbanked consumers, providing a dialer to make cheaper calls, enable payments, and allow borrowing airtime and bills instantly without a credit history. The platform uses an intelligent algorithm to match user telecom consumption with suitable multi-line packages and can automate usage on affordable SIMs, helping users save on everyday needs like food and medical purchases through coupons, promo codes, discounts, and budget limits.

Digified

Pre Seed Round in 2019
Digified is an Egyptian fintech startup specializing in digital identity verification solutions. Established in 2019 and based in Cairo, the company provides a WiFi-enabled platform that facilitates the digital onboarding process for various official document verifications, including data extraction, face matching, and aliveness detection, leveraging machine learning and optical character recognition technologies. By allowing users to exchange their basic profile data for free WiFi access, Digified enhances customer engagement while streamlining identity verification. The company's offerings also encompass Arabic document OCR, fraud detection, authentication against government databases, and anti-money laundering services, aiming to become a leading provider of digital identity solutions across Egypt, Africa, and the Middle East.

Paynas

Pre Seed Round in 2018
Paynas is a technology company based in Cairo, Egypt, founded in 2018, that specializes in human resource management and payroll solutions for small and medium-sized enterprises (SMEs). The company offers a cloud-based platform that integrates various HR features, including employee management, payroll processing, recruitment management, and attendance tracking. Paynas also provides a seamless payroll solution through Visa-powered cards, alongside a benefits marketplace that includes affordable medical insurance and other financial services. By focusing on the needs of SMEs, Paynas aims to enhance financial inclusion for employees and facilitate the growth of businesses by streamlining their HR and payroll processes.
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