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Egypt-Based VC DisrupTech Raises USD 5 M Investment
Egypt-Based VC DisrupTech Raises USD 5 M Investment

Proparco announced an investment in an early-stage venture capital fund managed by DisrupTech Ventures, to support development in Egypt’s fintech sector and help expand access to financial services in the country. Proparco committed USD 5 M to DisrupTech, which aims to provide seed capital to up to 28 start-ups with a prime focus on financial technology services.

The fund raised USD 36 M from several investors, including Development Finance Institutions, Funds-of-funds and Family offices. It will be an important financing source for Egyptian tech companies, which often struggle to raise capital to bring their innovations to market. Along with capital, DisrupTech will also provide advice and mentorship to the businesses it supports.

DisrupTech was established to support early-stage Fintech and Fintech-enabled digital services startups with a focus on Egypt. The team adopts a hands-on approach from the very beginning, partnering with talented entrepreneurs to transform their vision into reality. Proparco’s investment in DisrupTech is part of its Venture Capital program, through which it has invested over €120m in African early-stage companies and venture capital funds since 2020.