valU acquires minority stake in fintech Kiwe

  • Date: 20-Oct-2022
  • Source: Wamda
  • Sector:Technology
  • Country:Egypt
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valU acquires minority stake in fintech Kiwe

Press release:

valU announced on Wednesday its acquisition of a minority stake in local fintech startup Kiwe — the first social payment app that facilitates onboarding the unbanked segment in Egypt.

Currently, EFG Hermes Finance, EFG EV Fintech, dfin Holding, and Marakez are among the firm’s existing shareholders.