Egypt’s Khazna banks $16M for its financial super app and expansion into Saudi

Egypt and Saudi Arabia’s Trade Increase by 32.7 Percent in 2024

Trade between Egypt and Saudi Arabia has surged to approximately USD 6.5 billion (EGP 327 billion) in 2024, reflecting a growth of 32.7 percent from USD 4.9 billion (EGP 246 billion) during the same period last year.  This increase highlights the stable economic collaboration between the two nations, with both exports and imports contributing mainly to this growth. Osama Basha, the Commercial Minister Plenipotentiary and Head of the Egyptian Com…

Egypt’s Khazna banks $16M for its financial super app and expansion into Saudi

Khazna, a financial super app for underserved communities in Egypt, raises $16 million pre-Series B bringing its total funding to $63 million.

Egypt’s Khazna Secures US$16M to Expand into Saudi

Egypt-based fintech company Khazna has secured US$16 million in a pre-Series B funding round to support its growth, with plans to apply for a digital banking licence in Egypt and expand into the Saudi market. The fundraising was led by SANAD Fund for MSME, anb Seed Fund, Aljazira Capital, Khwarizmi Ventures, Nclude, ICU Ventures, Quona, Speedinvest, and Disruptech Ventures. As part of its expansion into Saudi Arabia, Khazna will form strategic p…

Egyptian FinTech Khazna secures $16m to expand into Saudi Arabia

Khazna, a Cairo-based FinTech company, has secured $16m in its pre-Series B funding round, bringing its total funding to over $63m.

Egypt's Khazna to Apply for Banking License After Securing $16 Million in Pre-Series B | Fintech InShorts: Latest fintech news, analysis by experts

Fintech Firm Aims for Digital Banking Expansion in MENA Region Highlights: Significant Funding: Khazna secures $16 million in pre-Series B funding. Digital Banking License: Plans to apply for a banking license in Egypt. Regional Expansion: Expansion plans into Saudi Arabia and the MENA region. Summarized Story: Egypt-based fintech Khazna has raised $16 million in a pre-Series B funding round to support its application for a digital banking lice…

Egypt’s Khazna Raises $16 Million as It Eyes Digital Banking, Saudi Expansion - Tech

Egyptian fintech company Khazna has raised $16 million in pre-Series B funding, bringing its total investment to over $63 million.  The company, which provides financial services to low- and middle-income workers, plans to use the funds to apply for a digital banking licence in Egypt and expand into Saudi Arabia. Founded in 2019, Khazna aims to bridge the financial gap for Egyptians who lack access to traditional banking. The company offers serv…