Egyptian Fintech Hollydesk Raises USD 1 M Venture Debt

Hollydesk, an expense management platform in Egypt, announced that it had raised USD 1 M in venture debt financing to help more small and medium-sized businesses (SMBs) in the country manage and track their daily expenses. The funding will be used to expand Hollydesk’s offerings and reach more companies needing efficient expense management solutions.

Hollydesk provides technology solutions to help small and medium-sized businesses monitor and control the company’s daily expenses anywhere in real-time, where employees can request all petty cash and custody through the Hollydesk application, which connects all members of the system within the company stores, financial management, and human resources managers.