*Data updated daily at 18:00 EAT
Egypt-based fintech HEDG has raised a six-figure pre-seed funding round from undisclosed investors based in Egypt and Saudi Arabia. The fintech is planning to expand its presence in Egypt and enhance its B2B offerings.
Founded in 2022 by Ahmed Abdel Moaty and Ahmed Eraqi, HEDG is a savings management platform that provides pension plans for employees in the private sector. HEDG is about to launch an innovative B2B module that helps businesses offer strong pension solutions to their employees, whether they’re startups or big companies.