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African Startup Funding Tracker

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Egyptian Fintech Nexta Secures USD 2.2 Mn Pre-Seed Round
Egyptian Fintech Nexta Secures USD 2.2 Mn Pre-Seed Round

After successfully satisfying all CBE regulations and requirements, the Egypt-based fintech and next-generation banking platform Nexta is set to debut powered by its newly secured USD 2.2 Mn funding. The pre-Seed round was led by Disruptech with the participation of key international backers.

Nexta is a “next-generation banking” platform that allows users to transfer money and aggregate their existing payment cards into one Nexta card. A Nexta card will aggregate the users’ existing payment cards, allow for easy and reliable money transfer, and a multitude of other features to come. Nexta will utilize its newly acquired funds to launch digital banking solutions, and support its effort in expanding its market and continuing its strategic partnerships.