DPI takes over $105M Nclude fintech fund, launches VC arm to double-down on early-stage push in Egypt
Initially launched as an $85M vehicle to accelerate financial inclusion in Egypt in 2022, Nclude has since grown to $105M and deployed $28M across startups including Paymob, Khazna, FlapKap, Mozare3, and Lucky.
Pakistan supply chain fintech Haball secures $52 million pre-Series A to expand to GCC
The round includes $5 million in equity led by Zayn VC and $47 million in shariah-compliant debt from Meezan Bank, Pakistan’s largest Islamic bank, alongside participation from Saudi private investors.
Fuse raises $6.6M to bring virtual IBANs to MENA, simplifying cross-border payments for global businesses
The round was led by MediaTek – the Taiwanese semiconductor giant – alongside Sukna Ventures, with participation from Egypt Ventures and angel investors from the US, Europe, and MENA.
Egypt’s InfiniLink raises $10M seed round to build next-gen optical connectivity chips for AI data centres
The round was led by MediaTek – the Taiwanese semiconductor giant – alongside Sukna Ventures, with participation from Egypt Ventures and angel investors from the US, Europe, and MENA.