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Egypt-based micro VC fund The Cairo Angels Syndicate Fund (CASF) has invested an undisclosed amount in the South Africa-based fintech startup, Finclusion Group. The funding will help Finclusion in its future geographic expansion.
Finclusion Group is an Africa-focused neobank platform, offering earned-wage access, BNPL, and direct credit to its clients with a presence in South Africa, Eswatini, Namibia, Kenya, and Tanzania. By leveraging their risk, credit, and technology expertise, Finclusion Group seeks to drive financial wellness and financial inclusion in Africa and build the first truly pan-African neo bank.