Egyptian Startup CreditFins Raises Pre-Seed Round

CreditFins, a Cairo-based credit card management platform and fintech startup, has raised an undisclosed sum in a Pre-Seed funding round led by Flat6Labs, AUC Angels, TA Telecom Holding, and other strategic angel investors with technical and investment backgrounds.

CreditFins is a fintech startup that helps people pay off their credit card debt while saving money. It’s a less expensive, more convenient way to pay off debt by making fixed, smaller monthly payments as part of a trackable plan. Customers that use CreditFins save 20-50 percent on interest that they would have paid if they used their bank.

The startup aspires to launch its new product “CreditFins Alpha” card, introducing more features to its solution as it strives to make its credit card management platform more compelling to a wider customer base.