Login

News on Medial

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

TechCrunchTechCrunch · 6m
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

MENA Digest: Egyptian startups lead funding activity

MENA Digest: Egyptian startups lead funding activity

MENA Digest: Voice technology startup Intella, edutech firms Jeel, El Kheta raise funds

MENA Digest: Voice technology startup Intella, edutech firms Jeel, El Kheta raise funds

Egyptian venture capital firm Acasia gears up for second tech fund

Egyptian venture capital firm Acasia gears up for second tech fund

Accel-backed Jiraaf set to float maiden performing credit fund

Accel-backed Jiraaf set to float maiden performing credit fund

MENA Digest: Two Egyptian startups snag funding; Riyadh's Blend raises pre-seed round

MENA Digest: Two Egyptian startups snag funding; Riyadh's Blend raises pre-seed round

MENA Digest: Egypt's Sprints, Bahrain's Ahlan raise funds, dealmaking slows down

MENA Digest: Egypt's Sprints, Bahrain's Ahlan raise funds, dealmaking slows down

Lightspeed, Sanjay Nayar’s Sorin to back Shivalik Bank

Lightspeed, Sanjay Nayar’s Sorin to back Shivalik Bank

Ankurit Capital leads $3 million investment in fintech startup OmniCard

Ankurit Capital leads $3 million investment in fintech startup OmniCard

Fintech startup Jiraaf raises $8.7 million in funding led by Accel, Harmony Partners

Fintech startup Jiraaf raises $8.7 million in funding led by Accel, Harmony Partners

PE firm Admaius Capital expands leadership team with focus on Egypt

PE firm Admaius Capital expands leadership team with focus on Egypt

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