Egypt’s top 9 investment deals so far in 2022

Egypt’s top 9 investment deals so far in 2022

Khazan, a two-year-old fintech company, has raised $38 million in a Series-A round that combines both equity and debt funding. The equity funding was led by Quona Capital, while the debt financing was provided by Lendable. Khazan offers a broad range of financial services to consumers and microbusiness, including general purpose credit, buy now lay later (BNPL) and bill payment. Since its launch, the company has raised a total of $47 million and secured more than 150,000 users. The company has announced that the funds will be used to grow their team and products.

Brimore, a social commerce platform, has raised $25 million in a Series-A round led by the International Finance Corporation (IFC) and Endure Capital. Brimore is a distribution platform that allows local consumers to penetrate the market through a network of individual distributors. Stay-at-home mothers seeking a source of income, represent 90 percent of Brimore app’s users. When the founders announced they would be raising funds, they said the funds would be used to expand their network of sellers, increase their workforce, and expand into Africa.

Lucky, another fintech startup, has raised $25 million in a Series-A funding round, led by Nclude fund, which was launched earlier this year