Octane Raises $5.2mln to Transform MENA’s Fleet Payments

Egypt's Octane Raises $5.2 million to Digitize Fleet Payments Across MENA - Innovation Village | Technology, Product Reviews, Business

Egyptian fintech startup Octane is accelerating its mission to modernize fleet and mobility payments across the Middle East and North Africa (MENA) region, with a fresh $5.2 million funding round led by Shorooq Partners, Algebra Ventures, and SC Holding. Launched in 2022 by Amr Gamal and Ziad Eladawy, Octane has quickly emerged as a game-changer in the enterprise mobility space. The Cairo-based startup offers a closed-loop digital wallet that en…

Octane raises $5.2mln to transform MENA’s fleet payments

Octane will use the new capital to expand its network, boost its technology stack, and support the company’s growth across Egypt and the wider MENA region, according to a press release

Egypt's Octane Fuels Up With USD 5.2 M To Digitise Fleet Payments Across MENA

In a region where fleets keep commerce moving but payments remain stubbornly analogue, Egyptian startup Octane has secured USD 5.2 M to change that. The Cairo-based fintech, which builds digital infrastructure for managing fuel and on-road fleet expenses, raised the round from Shorooq Partners, Algebra Ventures, and Elsewedy Capital Holding. Octane is offering not only a virtual fuel card but also what it calls a unified fleet wallet. The platfo…

Octane Raises USD 5.2mln to Boost Fleet Payments Across MENA

Octane, Egypt’s leading digital platform for fleet and on-road expense management, has raised US $5.2 million in a funding round led by Shorooq, Algebra Ventures and Elsewedy Capital Holding. The new capital will accelerate the expansion of Octane’s acceptance network, deepen its technology stack and support the company’s growth across Egypt and the wider Middle East and North Africa (MENA) region. Unlike traditional fuel cards, Octane delivers …