Thursday, 14 April 2022

WHAT’S NEXT for Egypt’s FINTECH sector (part II)

In this episode of The Enterprise Podcast, Patrick continues his roundtable discussion with major fintech players in Egypt. This week, our private sector guests stuck around for an in-depth conversation on where the sector goes from here in terms of funding and consolidation — at home and abroad. The general consensus appears to be that while valuations in Egypt are still primed to go up, growth is expected to slow down in light of the current macro climate and historic pitfalls like the brain drain. The solution: More integration with Africa. 

But first, a refresher on our guests: 

  • Karim Nour, the co-founder of Kashat — the first nano-finance company in MENA providing financial services to the un- and under-banked. 
  • Omar Saleh, the CEO and co-founder of Khazna, which now offers general purpose credit; buy now, pay later (BNPL); and bill payment services.
  • Aly El Shalakany, a corporate lawyer and longtime angel investor turned venture capitalist who is now the CEO of the Cairo Angels Syndicate Fund and an investor in Kashat. 
  • Ashley Lewis is a partner focused on Africa with Accion Venture Lab and has been investing in financial services and social ventures across sub-Saharan Africa and Southeast Asia for over a decade. Lewis was one of the first investors at Khazna. 

** Subscribe to Making it, our interview show where we talk to CEOs and business leaders in Egypt on how to build a great business.  https://bit.ly/35lugvb.

** Subscribe to Enterprise, our 6am briefing on business, finance, and economics in Egypt at www.enterprise.press.

WHAT’S NEXT for Egypt’s FINTECH sector (part II)
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