VC Investment Platform Nclude Secures Funding from Mastercard

Fintech-focused VC investment platform, Nclude has received a strategic investment from Mastercard. Launched in March 2022 in partnership with Egypt’s national banks such as Banque Misr, National Bank of Egypt and Banque Du Caire, Nclude raised USD 85 M in funding.

The VC investment arm so far has participated in big rounds in Egypt, including USD 25 M Series A of Lucky, USD 38 M Series A of Khazna, and USD 50 M Series B of Paymob. It had reportedly participated in the pre-seed round of Mozare3 as well.

It recently also participated in the seed round of the revenue-based financing company FlapKap. Interestingly, Nclude also participated in the pre-seed round of a proptech startup, Partment.