Egyptian fintech fund Disruptech leverages rising e-financial services industry – ZAWYA

Egyptian fintech fund Disruptech leverages rising e-financial services industry – ZAWYA

Egyptian fintech fund Disruptech leverages rising e-financial services industry Egyptian fintech fund Disruptech leverages rising e-financial services industry | ZAWYA MENA Edition HomeBusinessFinancial ServicesArticleEgyptian fintech fund Disruptech leverages rising e-financial services industry We need specialized funds that [can] invest in fintech startups by providing them not only with money but also with consultations, Fintech expert Mohamed Okasha said    Digital Composite Image Of Person By Various Icons Doing Online Shopping. Image used for illustrative purpose onlyAs the popularity of cashless transactions continues to grow amid the COVID-19 pandemic, a new fund that exclusively targets fintech startups, hoping to invest in underexplored areas, has recently hit the Egyptian market.Fintech guru Mohamed Okasha, co-founder and former managing director of Egypt's pioneering Fawry Banking and Payment Technology Services, announced the launch of the $25-million Egypt-focused Disruptech fund in April."Almost all funds that exist in Egypt are quite generic,“ Okasha told Zawya. "We need specialized funds that [can] invest in fintech startups by providing them not only with money but also with consultations. Such funds would also support startups in developing their business strategy and in networking so that they [can] mature at a faster pace.“PROMOTING FINTECHFintech guru Mohamed Okasha, co-founder and former managing