The fund operates a two-track model, offering everything from prototype vouchers and monthly allowances for idea-stage founders to more substantial seed funding.
Ido Sum’s departure comes after he played a crucial role in raising the firm’s $150m TIDE Africa Fund II, one of the largest early-stage funds for the continent.
Sixteen months later, on a hot July day in 2026, Egypt's finance minister, Ahmed Kouchouk, returned to a company whose public frustration had once laid bare the country's industrial bureaucracy.
The new virtual asset rules demand high capital, local custody, and bank-held reserves - creating a moat that traditional lenders are perfectly positioned to fill.
