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Monday, 1 June 2020

Disruptech to invest USD 5 mn in fintech startups this year

STARTUP WATCH- Disruptech plans to invest USD 5 mn in fintech startups this year, founder Mohamed Okasha tells Al Mal. The fintech fund is looking to acquire two unnamed companies before the end of the year, Okasha said. The former Fawry CEO told Al Mal last month that over the next three years, Disruptech would invest in 15-18 young companies in the field. Disruptech made its first investment in Khazna and Brimore last April. Fawry is among several other local and international institutions that contribute to the USD 25 mn fund.

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