Funding

Nigeria’s Kredete, a pioneering financial software platform, is making significant strides in empowering African immigrants. The startup recently secured US$2.25 million in seed funding, which will propel its expansion across the African continent.

These newly secured funds will be pivotal in accelerating Sukhiba’s expansion efforts, allowing the company to scale its operations and enhance its SaaS platform to better serve its growing customer base.

Cairo-based financial technology leader Valu has successfully completed its 11th securitized bond issuance, amounting to EGP 1,091.9 million. This issuance marks the first under Valu's newly approved EGP 16 billion securitization program, setting a significant milestone for the company.

The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) in Egypt has partnered with Aman Holding to provide substantial financial support aimed at bolstering small and medium-sized enterprises (SMEs).