
Egyptian Fintech Startup Palm Secures Pre-Seed Funding to Boost Smart Savings
Palm, a financial technology startup based in Egypt, has completed its pre-seed funding round.
Mustafa Abd Ellatif is an Egyptian entrepreneur passionate about empowering the youth with the needed skills for the labour market.
He is the Co-Founder and CEO of EYouth, an Egyptian ed-tech startup that provides online interactive educational programs for individuals aged between 18 and 35.
Founded in 2016 and taken online in 2018, EYouth designs and builds its online training courses aimed at helping young people develop their careers and ensure they have the required skills for the labour market.
It offers more than 45 courses in marketing management, human resources management, sales and social media, online or via mobile app, with courses chosen and designed based on market research.
Mustafa is also the chairperson of Youth Entrepreneurs Network (YEN), a USAID-backed initiative supporting the youth in their entrepreneurial journey.
Palm, a financial technology startup based in Egypt, has completed its pre-seed funding round.
Sahel Capital, an investment company with a focus on agriculture and food sectors in sub-Saharan Africa, has finalized a $1 million loan agreement with Camino Ruiz, a Kenyan company that specializes in fish processing and distribution.
The Africa Go Green Fund (AGG), overseen by Cygnum Capital, has approved an $18 million senior debt facility for Cold Solutions Kazi Limited.
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