Axian Group invests in Egyptian fintech fund

Axian Group invests in Egyptian fintech fund

Source: Axian Group

The AXIAN group is pleased to announce that it has joined Disruptech Egypt Fund I, a venture-capital fund dedicated to supporting tech-enabled and fintech startups in Egypt.

Disruptech Egypt Fund I ("Disruptech"), is a venture-capital fund dedicated to developing Egypt ́s financial-technologies ("Fintech") ecosystem by supporting start-ups and is nurturing a growing number of companies in adjacent sectors that are accelerating financial inclusion. The fund supports these start-ups from the seed-round investments through scaling and eventual growth. The fund manager's commitment to helping grow Egypt ́s fledgling fintech industry aligns with its broader mandate to expand access to financial services across the country, bolstering financial inclusion and supporting economic growth in Egypt.

Disruptech and the AXIAN group share the belief that fintech can bring efficient solutions to market that address social issues. AXIAN ́s commitment to Disruptech underscores its strategy, which posits that advances in innovation and disruptive technologies can improve people ́s day-