Dayra, an Egyptian Credit Solutions Fintech for Gig Workers, Secures $3M in Funding, Joins Y Combinator
Egyptian Fintech firm
Y Combinator and has also acquired $3M in pre-seed funding.
Dayra is a Cairo-headquartered Fintech company offering modern financial services to the nation’s unbanked gig economy workers and micro-businesses. Darya has reportedly joined Y Combinator’s Winter 21 batch, and has managed to finalize the largest debt and equity pre-seed round in the MENA region (bringing total funding to $3 million).
Dayra has received investments from Tanmiya Capital Ventures, EFG EV Fintech, EFG Hermes, Y Combinator, and several other angel investors.
Only around 30% of 105 million Egyptian residents have access to reliable banking services, which means that the majority of the nation’s population is financially underserved/unbanked and still dependent on cash transactions.