Rather than surrendering equity or taking on high-interest debt, founders can receive loans based on future earnings and repay them through a percentage of their monthly revenue.
In a region where access to capital remains a key challenge for many startups, Egypt Ventures, for example, has emerged as a model of how government-backed venture capital can play a catalytic role.
The fund will target startups from seed through Series B rounds, focusing on online-to-offline (O2O) platforms, B2B SaaS solutions, and fintech ventures.
The fund will target startups from seed through Series B rounds, focusing on online-to-offline (O2O) platforms, B2B SaaS solutions, and fintech ventures.
For these companies — names like Chipper Cash, LemFi, Flutterwave, and TapTap Send — a 5% tax on remittances out of the U.S. would have fundamentally altered their business models.
