FinTech Innovation Fund

Funding is one of the significant pillars of CBE’s Fintech & Innovation strategy. In that context, FinTech and FinTech-enabled focused fund was established in March 2022, led by the 3 commercial banks; Banque Misr, National Bank of Egypt, and Banque du Caire, along with Egyptian Banks Company (EBC), E-finance Investment Group and Mastercard. This fund aims to be the largest Fintech-focused fund across the Middle East and Africa region with target capital of $150 million, with the objective of accelerating Egypt’s transformation into a digital & financially inclusive economy.

The fund supports early and growth stage entrepreneurs who are tackling financial inclusion and enables their success by offering a full-stack support ecosystem for FinTech and FinTech-enabled start-ups who are currently operating in or planning to operate in Egypt.

Objectives of the Investment Vehicle:

Nurture promising talent and invest in the future gains they will bring to the Egyptian market.

Direct investments to local and international FinTech companies that intend to deploy their solutions in the Egyptian market.

Direct investments to both the FinTech sector and FinTech-enabling domains.

Direct part of the investments to support early stage startups.

Activate the FinTech industry in the Egyptian market.

Promote digital transformation and raise financial inclusion rates.