Welcome to the Fintech Founder monthly newsletter! It’s time to go back on what happened last month in the MENA region. Find below the summary of our discussions and 5 hand-picked funding-related news. Let’s get going!
The Untold Story of Ray Youssef, CEO of Paxful
On September 30th, 2021 we had our first episode of the Fintech Founders Series with an accelerating Fintech entrepreneur Ray Yousself. The future of Crypto in Africa and Asia is a ‘rocket waiting to take off’ with 600 million youth and even more in Asia to circulate money among people.
As Ray said,
The insightful discussion highlighted key themes within crypto world in Africa and Asia:
- How Crypto can bank the unbanked people
- Hear a founder’s story getting from zero to one and building one of the largest Fintech platforms
- How the young generation of Africa and Asia has a huge opportunity when it comes to crypto
The Untold Story of Odunayo Eweniyi, Co-Founder of Piggyvest
On October 14th, 2021 we wrapped up our second episode of the Fintech Founders Series with an outstanding Fintech Entrepreneur Odunayo Eweniyi. We learned about the genesis of Piggyvest “it all started with a tweet”, and the story from ideation to the successful start Piggyvest is today.
As Odunayo said,
The insightful discussion on entrepreneurship and African tech revolution, four main points were highlighted:
- Learning journey of how to be an entrepreneur in an experimental way
- The promising acceleration of African market
- How Piggyvest the African Fintech she founded lets everyone’s access the money anytime without any limitation
- How the young generation of Africa has a vast potential to solve problems through innovation
What happened in Fintech last month in the MENA region
This month, the MENA region saw a much wider array of fintech hubs attracting large investments, from digital asset exchange to insurtech, investment activity in the region increase in various categories of funding rounds. Here are some news from UAE, Pakistan, Turkey, Egypt, and Morocco!
UAE-based BitOasis, one of the first digital asset exchange platform in Middle East region, has raised $30 million in Series B funding round.
Oraan, Pakistan’s first gender-inclusive women-led fintech has raised $3 million in a seed round.
Colendi, a Turkish micro-lending Fintech venture has raised $30 million in Series A funding round.
The Egypt-based InsurTech and on-demand insurance platform Amenli has raised $2.3M in a seed round.
Morocco-based B2B eCommerce and Fintech Chari has raised $5M in a seed round.
The Pakistan-based FinTech and digital payment solutions provider Tag has raised more than $12M in a seed funding round.
The Saudi-based FinTech and digital POS provider CashIn has raised $1.6 million in a seed funding round.
Egypt-based FinTech and microloan solutions provider Kashat has raised $1.75 million in a bridge funding round.