• Partners
  • Privacy Policy
  • About Us
  • Contact Us
Sunday, June 8, 2025
  • Login
Digital Boom
  • News
  • Startups
  • Marketing
  • Campaigns
  • Tech
  • Guides
  • Insights
  • Culture
No Result
View All Result
  • News
  • Startups
  • Marketing
  • Campaigns
  • Tech
  • Guides
  • Insights
  • Culture
No Result
View All Result
Digital Boom
No Result
View All Result
Home News

Egypt’s NowPay Raises $600k from Endure Capital, 500 Startups

Editorial Team by Editorial Team
August 28, 2019
in News, Startups
Reading Time: 1 min read
10
A A
Egypt’s NowPay Raises $600k from Endure Capital, 500 Startups

Egypt’s NowPay Raises $600k from Endure Capital, 500 Startups

84
SHARES
350
VIEWS

Egyptian fintech startup, NowPay, said it’s closing a new undisclosed round after raising USD 600,000 in Seed funding from Silicon Valley’s Endure Capital and 500 Startups.

The Cairo-based startup, launched in early 2019, came out of stealth promising to improve financial wellness of corporate employees in emerging markets through its fintech solution that helps people get their salaries in advance at any point during the month.

“Saving, spending, budgeting and borrowing. Those are the four pillars of financial-wellness. We want to improve every aspect of those for employees,” said Mostafa Ashour, Cofounder and CEO of NowPay who previously led Innovation teams at Microsoft Research.

Ashour started NowPay with co-founders Ahmed Sabry of Amazon Lending, and Cherif Radi who led special projects at Orange.

“In order to reduce money worries, lower financial stress and cut down attrition rates, employees need to feel that they can get their salaries whenever they are cash-strapped,” said Ashour, explaining that his solution helps employees better manage their budgets, overcome cash flow problems and avoid unexpected events.

Editorial Team

Editorial Team

The Digital Boom Staff Writer covers breaking news, platform updates, and stories curated by our editorial team. This byline is used for collaborative content, press releases, and updates that reflect the voice of the newsroom rather than a single contributor.

Related Posts

Builder.ai Ceases Operations After $1.3 Billion Valuation Collapse
News

Builder.ai Shuts Down After Layoffs and Investor Pullout

May 26, 2025
968
Thndr Raises $15.7M to Expand into Wealth Management in MENA
Startups

Thndr Raises $15.7M to Expand into Wealth Management in MENA

May 26, 2025
542
Nawy Raises $75M to Accelerate Real Estate Tech in MENA
Startups

Nawy Raises $75M to Accelerate Real Estate Tech in MENA

May 18, 2025
473
Inside Radi Farms: The Agritech Startup Reshaping Egypt’s Food Supply Chain
Startups

Inside Radi Farms: The Agritech Startup Reshaping Egypt’s Food Supply Chain

April 7, 2025
788
Jordan’s U.S. Foreign Aid: 2025 Budget Cuts and Their Regional Impact
News

Jordan’s U.S. Foreign Aid: 2025 Budget Cuts and Their Regional Impact

March 20, 2025
396
Talabat buys InstaShop from Delivery Hero for $32M in a major grocery push
Startups

Talabat buys InstaShop from Delivery Hero for $32M in a major grocery push

March 7, 2025
4.5k
What is CPC in Advertising?

CPC (Cost Per Click): Meaning, Formula, and Why It Drives ROI

by Ahmed Maher
June 7, 2025
408

CPC, or Cost Per Click, is a digital advertising model where advertisers pay each time a user clicks on their...

cpm explained

What Is CPM? Meaning, Formula, and MENA Benchmarks

by Ahmed Maher
June 7, 2025
418

CPM, or Cost Per Mille, is a pricing model where advertisers pay for every 1,000 impressions. It's commonly used in...

What is CPA in Advertising? Meaning, Formula, and MENA Benchmarks

What is CPA in Advertising? Meaning, Formula, and MENA Benchmarks

by Ahmed Maher
June 7, 2025
404

CPA (Cost Per Action) is a digital advertising metric that tells you how much you're paying for a specific user...

Egypt Activates 5G Nationwide, Ending Years of Delays

Egypt Activates 5G Nationwide, Ending Years of Delays

by Ahmed Maher
June 6, 2025
534

Egypt has officially entered the 5G era, with all four major telecom operators switching on their networks during a joint...

  • Partners
  • Privacy Policy
  • About Us
  • Contact Us

© 2025 Digital Boom, Inc.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
  • Startups
  • Marketing
  • Campaigns
  • Tech
  • Guides
  • Insights
  • Culture

© 2025 Digital Boom, Inc.