Fawry

Fawry, Egyptian fintech startup is poised to raise $51m via right issue, explores US listing

ByTechTrends

Egyptian fintech Fawry has announced plans to raise 800 million Egyptian rupees (US$51 million) in growth capital through a rights issue to existing shareholders, with the proceeds to fund a new chapter of expansion in both consumer and financial services intended to be used for consumers as well as merchants. Founded in 2008, Fawry is…

alsoug

Sudanese classifieds platform alsoug raises $5m funding; round includes Egyptian unicorn Fawry

ByTechTrends

Sudanese classifieds and marketplace platform alsoug has raised US$5 million in Series A funding in a round that includes Egyptian fintech unicorn Fawry. Founded in 2016, alsoug is Sudan’s largest classifieds platform, and the startup has raised a US$5 million Series A funding round in order to build out an associated fintech platform, Cashi. “From our earliest beginnings…