Egyptian startup Kashier Payments, a payments platform built to empower and simplify your business, has successfully raised a Seed investment round of funding, led by Glint Ventures, with participation from a group of strategic investors.
Founded in 2017 by Khaled Raslan, Mohamed Hossam, and Mohamed Mohsen, Kashier launched its online payment acceptance services in 2019 obtaining the required approvals as a Payment Facilitator and Payment Service Provider and entered into a strategic partnership agreement with two of Egypt’s leading acquiring banks.
Kashier empowers businesses with a unified payments platform by providing them with simple yet efficient tools to make it easier for them to make and accept payments from and to their customers, vendors, and partners via a variety of payment methods and channels.
Kashier will be using the investment proceeds to scale up its commercial go-to-market strategy, grow the team, and for the introduction of new products.
Khaled Raslan, Kashier’s Co-Founder and Chief Executive Officer said, “Our aim at Kashier is to empower Egyptian businesses by facilitating their process of joining the digital economy, which in turn will lead to the long-term growth and sustainability of their business.
The current global pandemic in addition to the CBE’s commitment to financial inclusion has caused a major structural shift in the market towards electronic payments, and Kashier’s robust technology is perfectly positioned to capture and handle the increased demand for digital payments. We are excited to be joined by our investors who share our vision for a more digital and inclusive economy.”
Tarek Aboualam, Managing Partner at Glint said, “FinTech companies are already disrupting and reshaping the financial services world as we know it. We are excited about this investment that would address the electronic payment needs of Egyptian businesses, reinforce the digitization of the economy, and help bridge the Fintech gap.”
Read Full Article Here
GetFundedAfrica’s mission is to uplift people and economies in Africa through entrepreneurship; helping companies find funding, grow, create jobs and solve society’s greatest challenges
GFA Attract And GFA Weekly Round Up
GFA Attract Series (VC Edition): Interview With Rob Eloff, Lateral Capital
In this episode of GFA-Attract, Debo discussed with South African born Rob Eloff the co-Founder & managing partner at Lateral Capital, a mission driven venture fund investing in early stage opportunities in Sub-saharan Africa to bridge the gap between capital and opportunities. Watch the exclusive Interview here
GFA Weekly Round Up September 14- September 18
In this week’s episode of the weekly round up we zoomed in on funding activity in Africa from September 14-15 Listen Here
“Success is not final; failure is not fatal: it is the courage to continue that counts.” – Winston Churchill.