New Investments
Egypt’s Balad secures seven-figure Pre-seed funding to drive financial inclusion
Balad, a rising star in the Egyptian fintech scene, has closed a seven-figure pre-seed funding round.
The funding round was led by Acasia Ventures, with participation from other investors such as Launch Africa Ventures, Future Africa, V&R, MAGIC Fund, First Circle Capital, Sunny Side, and several family offices. Founded in 2022, Balad aims to revolutionize financial inclusion in Egypt by leveraging innovative technology solutions. With a strong focus on the unbanked and underbanked population, Balad aims to empower individuals and small businesses with access to financial services that were previously out of reach.Through this investment, Balad is now equipped with additional resources to expand its operations, strengthen its technology infrastructure, and scale its services to reach more individuals and businesses in need.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
You may also like...
South African AI Customer Service Startup Cue Secures $2 Million in Seed Funding
South African AI-powered customer service platform Cue has raised $2 million in seed funding from angel investors.
Crossfin Backs DigiSquad to Boost Financial Inclusion in Africa
South African investment firm Crossfin, known for its focus on financial technology, has announced a new investment in DigiSquad, a payments advisory company based in Johannesburg.
Yellow Malawi Secures $2 Million Investment to Expand Off-Grid Solar Energy Access
Yellow Malawi, a leading solar energy distribution company, has secured a $2 million investment from Acumen’s Hardest-to-Reach (H2R) initiative.