FinTech Fund

CBE committed up to EGP 1 billion towards the Innovation Fund-of-Funds along with major institutions focusing on FinTech investments

A sustainable and independent investment platform

Fund-of-Funds investment catalyst vehicle

promoting investments into VC funds focusing on FinTech sectors

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.
How we support startups in our FinTech community
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.

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