This latest cohort of startups joins a growing number of Algerian businesses that have benefited from the government’s initiative to connect local entrepreneurs with global tech giants and renowned universities.
VNV Global notes that if Breadfast continues on its current path, the company’s growth could become a significant driver for the investor’s entire portfolio.
The acquisition of Traction will allow OmniRetail to integrate its merchant POS services into OmniPay, creating a more comprehensive platform for SMEs.
“We focus heavily on operational efficiency,” Li explained, highlighting that even factors like fuel consumption per truck kilometer are carefully monitored.
In Q3 2024, African tech startups faced a significant setback, witnessing a roughly 40% decline in funding activity compared to the same period in 2023.
The new product is part of Fawry’s broader strategy to build an integrated financial ecosystem, bringing a fully digital medical insurance solution to individuals and families across Egypt.
As international scrutiny of Russian firms intensifies, Yango has sought to distance itself from its origins by shifting its global operational headquarters to Dubai.
