Egyptian payments platform Kashier raises six-figure seed

Egyptian payments platform Kashier raises six-figure seed

Cairo-based fintech Kashier has raised seed investment led by Glint Ventures, it announced in a statement to MENAbytes on Sunday. The startup did not disclose the exact size of investment but has told MENAbytes that it is a six-figure (USD) deal. The round also included participation of some other unnamed investors.

Founded in 2017 by Khaled Raslan, Mohamed Hossam, and Mohamed Mohsen, Kashier enables ecommerce and retail businesses to accept payments using its platform. The businesses can use Kashier on their website or mobile app using easy integration options.

It launched its services in 2019 after obtaining the required approvals as a Payment Facilitator and Payment Service Provider from Central Bank of Egypt and entering into a strategic partnership agreement with two of Egypt's leading acquiring banks, said the startup in a