KIWE, an Egyptian fintech startup, has received funding to help it expand.

Egyptian fintech start-up KIWE has been working on venture capital strategies to support key investments to drive growth.
Founded in March 2021 by Fatma Khalifa, Omar Kamel and Mohamed Khalifa, KIWE is a peer-to-peer currency exchange app that allows users to transfer money between themselves at a time.

The startup said in a statement that it “seeks” to create the safest and most convenient method of payment for its customers by creating cashless transactions with merchant links.

“We strongly believe in supporting employees and independent merchants by helping them identify their goals, improve the customer experience and accept online and offline payments. KIWE’s vision is to make a change in every payment word. “We try to make our customers want to touch their phones when the receipt is printed, when the check arrives at the office, or when a friend pays off the expiration date.”

To do this, the startup launched its first venture capital led by dfin Holding with the participation of EFG Hermes, Marakez for Development and a group of venture capitalists. Investments are used to support the growth of startups by leveraging proposals from investors.

“Through this exceptional business partnership, our mission is to support the growth of KIWE by leveraging dfins financial services-based financial services, leveraging EFG’s Valu as a premier payment method, and expanding into the Marakez company and the local wallet, which is a good choice. to help us deliver on our commitment to stronger electronic payments going forward, ”said the starter.