DFin Holding launches fintech-focused platform and venture debt fund
- Date: 01-Feb-2021
- Source: Wamda
- Sector:Financial Services
- Country:Egypt
DFin Holding launches fintech-focused platform and venture debt fund
Egypt-based Digital Finance Holding (DFin Holding) has launched its fintech-focused platform aiming to build and finance the emerging tech-enabled financial services companies in Egypt and the Middle East and North Africa (Mena) region, with plans to launch a venture debt financing fund, Camel Ventures, digital financing platform solution (Shekra), robo-advisory and digital wealth management solution (Optofolio).
The company is currently fundraising for its fund, expected to launch in the second quarter of 2021.
DFin Holding is a tech-based financial services platform regulated by the Egyptian Financial Regulatory Authority (EFRA) and focuses on supporting the growth of fintechs in the non-banking financial services industry.
DFin Holding's current startup portfolio includes fintech supply chain financing platform (Cayesh) and cloud-based HR management software platform (Paynas).
"Fintech has become a clear cornerstone for economic growth and financial inclusion that is cross cutting across various sectors and industries. Based on the tremendous untapped market size and the pool of tech-savvy and innovative talent residing in Egypt, DFin is developing the appropriate and efficient infrastructure that enables the platform to grow as a fintech powerhouse in the region, and represents a clear growth opportunity with a positive societal impact,“ said Khaled Hegazy, chairman of DFin Holding.
Shehab Marzban, CEO and founder