Login

News Post

Accel leads $4M investment in Egyptian corporate cards platform Swypex

TechCrunchTechCrunch · 5m
Accel leads $4M investment in Egyptian corporate cards platform Swypex

Egyptian fintech company Swypex is aiming to boost the adoption of corporate cards in the country. While individuals have increasingly embraced card usage, particularly prepaid cards, businesses have been slower to do so due to limited access and lack of spending controls. Swypex offers corporate cards and management tools for businesses, allowing them to set smart controls on spending and providing a centralized dashboard for expense management. The company has raised $4m in funding and plans to expand its services and technical capabilities. The Central Bank of Egypt has launched initiatives to reduce cash-based transactions and encourage digital payments, providing a regulatory environment conducive to Swypex's operations.

1
View Source

Comments

More Like this

Fixed-income investment startup Dexif raises $4M from RTP Global

Fixed-income investment startup Dexif raises $4M from RTP Global

Nsave gets $4M to enable people from unstable economies open offshore accounts

Nsave gets $4M to enable people from unstable economies open offshore accounts

EV components maker Matel raises $4M in funding led by Transition Venture Capital

EV components maker Matel raises $4M in funding led by Transition Venture Capital

Kapture CX operating SaaS-based customer support automation platform raises $4M led by CVP

Kapture CX operating SaaS-based customer support automation platform raises $4M led by CVP

Deeptech AI startup Myelin Foundry raises $4M in funding led by SIDBI Venture Capital

Deeptech AI startup Myelin Foundry raises $4M in funding led by SIDBI Venture Capital

UnityAI Raises $4M in Seed Funding

UnityAI Raises $4M in Seed Funding

PB Fintech approves 11.4M stock options

PB Fintech approves 11.4M stock options

Seal Security Raises $7.4M in Seed Funding

Seal Security Raises $7.4M in Seed Funding

Fixed-income investment startup Dexif raises $4M from RTP Global

Fixed-income investment startup Dexif raises $4M from RTP Global

Agritech startup BigHaat kicks off Series C round with $8.4M

Agritech startup BigHaat kicks off Series C round with $8.4M

Download the medial app to read full posts, comements and news.