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Sunday, 16 February 2020

Fintech startup Liwwa raises USD 6 mn in equity investment

STARTUP WATCH- Amman-based Liwwa has raised USD 6 mn in equity investment, which it will use to fuel growth in Egypt and Jordan. The fintech startup was founded in 2013 by Samer Atiani in Jordan and offers loans of up to USD 100k to qualifying small businesses, according to Menabytes. Liwwa recently expanded to Egypt and is looking at Turkey and Ethiopia. The company raised the equity in December in a round led by Dutch Entrepreneurial Development Bank FMO. 500 Startups Chris Larsen, Edgo VC, EFG-EV, and Wamda Capital also participated in the round.

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