Orange Ventures opens application for it’s fintech seed challenge in Egypt

Orange Ventures has opened applications for its “Seed Challenge – Fintech Egypt,” which will award EUR500,000 (US$570,000) in funding to one company.

Orange Ventures, the corporate venture capital arm of telecoms firm Orange Group, opened its Orange Digital Centre in Cairo in December and has now launched its fintech seed competition.

Seed-stage fintech companies, primarily based in Egypt, are encouraged to apply if they have not raised more than EUR1 million (US$1.14 million) in total equity funding.

In addition to the investment, the winning startup will be invited to join the Orange Digital Centre for six months, gaining access to workspace and mentoring programs, as well as the opportunity to pitch to Orange Egypt’s executive committee and discuss partnership opportunities.

Applications are being accepted until February 15th. Apply Here.