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CoinMENA Raises $9.5M Seed Fund

CoinMENA Raises $9.5M Seed Fund

Bahrain-based CoinMENA has raised $9.5M in its first seed funding round led by BECO Capital, Kenetic, Arab Bank Switzerland, Bunat Ventures, Alameda Research, Rua Growth Fund, and Girnas Capital. In addition to a number of...
Egyptian Transportation Startup 'SWVL' Raises $42 Million for African Expansion

Egyptian Transportation Startup ‘Swvl’ Raises $42 Million for African Expansion

Swvl, Egypt-based app for booking buses has raised $42 million as it plans to expand into other markets in Africa, including Nigeria. The two-year-old startup, which started in Cairo and also operates in Alexandria and...
Top employee’s defense of Swvl puts basic rights in jeopardy, The self-righteous Swvl employee and his alarming message

Top employee’s defense of Swvl puts basic rights in jeopardy

The Egyptian social media circus is in full power since last week. It all started when few Swvl employees accused their employer of terminating their contracts unjustly. The magnitude of these Facebook posts wasn't small,...
Top 5 Egyptian Startups That Raised Money in 2018

Top 5 Egyptian Startups That Raised Money in 2018

2018 was an amazing year for the entrepreneurship ecosystem in Egypt. As 80 startups raised investment, positioning Egypt among the most growing in the region. According to Magnitt data. In this article, we will cover...
Egypt-based ride hailing startup ‘Halan’ hits 3-million rides in one year

Egypt-based ride hailing startup ‘Halan’ hits 3-million rides in one year

With over 3-million rides in one year, the on-demand ride hailing app for Tuk-tuk and motorcycle, Halan has dominated the unserved communities across Egypt. Covering different governorates in Egypt including Cairo, Alexandria, Delta and Upper Egypt,...
Careem Invests $500,000 Stake in 'SWVL' Egyptian Transportation Startup, Careem Invests $500,000 Stake in Egyaptian Transportation Startup SWVL

Careem Invests $500,000 Stake in ‘SWVL’ Egyptian Transportation Startup

Entrepreneurial spirit is still alive and well in Egypt, as Careem invests $500,000 stake in former employee's transportation startup SWVL. Mostafa Kandil, former employee of Careem, a ridesharing mega-startup, is now launching his innovative addition...

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