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Abwaab raises $5 1 million in Seed funding for expansion
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Y Combinator accueille 2 fintech égyptiennes
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Georgetown University
Date Published: March 15, 2021 Share
With the ongoing support and active participation of Georgetown, the Jesuits and Descendants of the 272 enslaved individuals sold in 1838 by the Maryland Province of Jesuits have established a new charitable foundation focused on racial healing and educational advancement.
The Descendants Truth & Reconciliation Foundation will take a leading role in addressing the legacies of enslavement in the United States and its impact on families and communities today.
“The Descendants Truth & Reconciliation Foundation represents an extraordinary vision of racial healing and transformation,” says President John J. DeGioia. “At Georgetown, and across higher education, we share a vital role in supporting the vision of this Foundation.”
Egyptian Salary Advance Fintech NowPay Signs MoU with Export Development Bank of Egypt
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The MoU marks one of the first collaborations between fintech startups and financial institutions in Egypt.
NowPay allows corporate employees to get their salaries in advance any time in the month through its mobile app, which means access to emergency funding anytime, hence better manage their budget.
Launched in 2019, NowPay aims at lowering employees’ financial stress by improving the four pillars of financial wellness for employees; saving, spending, budgeting, and borrowing.
The company most recently raised $2.1 million in seed investment in May 2020 in a round led by Foundation Ventures and Endure Capital and investors from the U.S., UAE, China, and Egypt. The investors’ cluster includes BECO Capital, 500 Startups, Plug and Play, 4dx Ventures, MSA Capital, EFG-EV Fintech, and Ebtikar. Prominent Angel investors such as Quirky Ventures, Gehan Fathi, and Rolaco also participated in the round.