Egyptian financial super app Khazna raises $38M from Quona Capital and Lendable

Egyptian financial super app Khazna raises $38M from Quona Capital and Lendable

2 years ago
Anonymous $R5WK5a8uaN

https://techcrunch.com/2022/03/31/egyptian-financial-super-app-khazna-raises-38m-from-quona-capital-and-lendable/

In a country where 50% of its 100 million people are active smartphone users, two out of every three individuals have little or no access to formal financial services in Egypt. 

With banks doing their best to deepen financial services to the underbanked and unbanked across the North African country, startups are also playing their part. One such provider is Cairo-based Khazna — a self-described “financial super app” that has raised a $38 million Series A in debt and equity. The company has received a total of $47 million since its inception.