Egyptian Financial AI Startup MerQ Valued At USD 800 K After Latest Angel Round

Egypt-based Artificial Intelligence (AI) firm MerQ has closed a seed round from an individual angel investor Ahmed Kamal Selim. The

World Bank Commits USD 200 Mn To Support Entrepreneurship In Egypt

World Bank has approved the allocation of USD 200 Mn to support entrepreneurs and small and medium-sized enterprises (SMEs) in

Egypt’s B2B Startup Brimore Raises USD 800K Seed Funding

Cairo-based consumer goods distribution network Brimore has raised USD 800K in a seed funding round co-led by Algebra Ventures and

Egypt Sets Up USD 57 Mn Facility For Fintechs

An approximated sum of 1 billion Egyptian pounds (USD 57 Mn) has been set up for Egypt’s fintech startups, as


Algebra Ventures Joins Forces With Ezdehar To Invest In MEA’s Upcoming Loyalty Solutions Provider: Dsquares​

Algebra Ventures, an Egypt-based VC firm has partnered with Ezdehar Management, an emerging growth equity investor in its investment in

Egypt’s Unemployment Rate Drops As Its Economy Regains Steam

Egypt’s unemployment rate has dropped to pre-revolution levels in the wake of the North African country’s economic rejuvenation alongside an

International Fund For Agricultural Development And Egypt Invests USD 81 Mn In Agribusinesses And Environment

The International Fund for Agricultural Development (IFAD) and Egypt have signed a financial pact to lessen poverty and improve food

Egypt’s B2B Trucking Marketplace Trella Loads USD 600 K Led By Algebra Ventures

Cairo based trucking marketplace platform ​Trella​, has raised USD 600k in a pre-seed funding round led by ​Algebra Ventures​, with participation

Egyptian Startup GoodsMart Secures Additional Funding From Algebra Ventures

Egyptian startup GoodsMart has announced it has received additional funding from Cairo based investor Algebra Ventures. Algebra Ventures, who is

New Study Ranks Egypt Top Investment Destination In 2019

A new study by South Africa’s Rand Merchant Bank (RMB) has ranked Egypt the top most attractive investment destination in