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Sequoia leads $5M pre-seed in Egypt’s 1-month-old digital bank Telda
Egypt has a population of over 100 million people. The country has a high mobile and internet penetration necessary for a young and tech-savvy population with 61% below 30. But despite its youthful population, two out of every three individuals are currently unbanked in Egypt. It’s the same situation in MENA, where only 40% of the population have access to a bank account.
Digital banks have enormous potential in the region. Today, a newly launched one, Telda is announcing a $5 million pre-seed round to digitize how Egyptians save, send, and spend money.
Pakistani startup Safepay secures funding from Stripe and others: report
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Safepay was founded in 2019 by Ziyad Parekh and Raza Naqvi
Duo had launched their beta product in 2019 and was quickly able to provide online payment services to more than 300 merchants in Pakistan
Safepay to relaunch services after finding right financial partners
Pakistani startup Safepay has managed to raised seed fund of seven figures (USD) from global financial technology platform company Stripe and others reported
The Karachi-based startup told the publication that they were able to raise funds in seven figures but did not disclose the exact amount that they were able to accumulate from local and international investors.
Bazaar, a Pakistan-based B2B e-commerce startup, has raised $6.5 million in one of the region’s largest seed rounds, reported MENAbytes. The seed funding