Fintech Hub in the heart of Downtown Cairo |Fintech Egypt

FinTech & Innovation Hub

The GRID FinTech & Innovation Hub is the Central Bank of Egypt's initiative to create a unified FinTech platform for innovation, by bringing together FinTech startups, financial institutions, regulators, technology & service providers, and investors; and acting as the flag bearer as outlined by the Central Bank's FinTech and innovation strategy.

Our Vision

To become a globally recognized FinTech & Innovation Hub in the Arab world and Africa, home to next-generation financial services, talent, and innovative development.

To be a one-stop shop to enrich the experience of all stakeholders affiliated with FinTech innovation, bring the public and private sectors together, and transform traditional financial services.

How we support startups in our FinTech community

As part of the overall Innovation & FinTech Strategy formulated and adopted by the Central Bank of Egypt, the CBE is championing a new Investment Platform in collaboration with a number of local and international institutional partners to mobilize funding for VC Funds, incubators and accelerators focusing on Tech & FinTech startups. The new Investment Platform (“Innovation Fund”) shall fund startups both directly through co-investments and indirectly through the selected VC funds and other vehicles. As well as directly through co-investments. The funding to be mobilized directly and indirectly by the new platform is expected to start with USD 50-100 million upon launch reaching to USD 350-500 million over a period of 5 years.

The Innovation Fund shall be independently managed under the supervision of its Board of Directors and shall have ongoing collaboration with the new FinTech Hub as well as Egyptian regulators to ensure addressing regulation uncertainties facing the ecosystem and promote new developments in this area going forward.

FinTech & Innovation Hub

Our Vision

How we support startups in our FinTech community

FinTech Newsletter