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African Startup Funding Tracker

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Egyptian Fintech Sahl Closes Dual Rounds At USD 6 M
Egyptian Fintech Sahl Closes Dual Rounds At USD 6 M

The Cairo-based startup, Sahl, has raised USD 6 M in Series A and seed funding to act as a one-stop shop for household bills in collaboration with government entities. Ayady for Investment and Development, a leading Egyptian investment firm with a strong track record in supporting innovative startups, led the Series A round, joining existing investors Egypt Pay, Delta Electronic Systems, and E-Finance on the cap table. 

Sahl, founded in 2020 by Ahmed Othman, Ibrahim Assal and Abullah Assal, is a bill payment platform that allows users to recharge prepaid cards. The company will leverage these funds to refine and develop new offerings, prioritizing a frictionless, time-saving, and secure user experience. After a successful regional launch in the UAE, Sahl plans to expand its regional footprint further by establishing offices in the KSA and strengthening its position in Egypt and beyond.