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African Startup Funding Tracker

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Egyptian Fintech Raseedi Raises USD 850 K Pre-Series A Round
Egyptian Fintech Raseedi Raises USD 850 K Pre-Series A Round

Egypt-based fintech Raseedi has raised USD 850 K in a pre-series A round from Samurai incubate. The round also included existing investors like 500 Global, EFG-EV, and Falak Startups.

 Raseedi is a voice-over-internet protocol (VOIP) app that helps users make cheaper calls and provides them with data-driven saving tips. The startup takes a unique approach towards onboarding millions of underbanked masses to the fintech boom in Egypt. The App’s entry point was helping users make cheaper calls and providing them with data-driven saving tips.