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Khazna FinTech application of Egypt collects USD38M
(MENAFN) Egypt’s FinTech app Khazna has collected USD38 million in equity and debt that is going to assist it in increasing its contact to Egypt’s unbanked and underbanked residents.
According to the bank, the Series A equity funding round was conducted by US-based Quona Capital, pursued by UAE-based Global Ventures’ Nclude, the fresh USD85m FinTech finance funded by Egypt’s three biggest banks.
Based on Khazna chief executive and co-founder Omar Saleh statement to a news agency, “we’re very proud of the investments that we have. It’s a mix of global leading FinTech investors, such as Quona Capital and Speedinvest, along with some of the strongest local national and private banks.”
According to the bank, the Series A equity funding round was conducted by US-based Quona Capital, pursued by UAE-based Global Ventures’ Nclude, the fresh USD85m FinTech finance funded by Egypt’s three biggest banks.
Based on Khazna chief executive and co-founder Omar Saleh statement to a news agency, “we’re very proud of the investments that we have. It’s a mix of global leading FinTech investors, such as Quona Capital and Speedinvest, along with some of the strongest local national and private banks.”
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