In August 2024, Qardy closed a seven-figure pre-seed funding round backed by investors including White Field Ventures, Vastly Valuable Ventures, and a number of angel backers.
The company has raised $19 million since inception, supplemented by $20 million from contract chip design — a necessity in a region where deep-tech funding is scarce.
The Egyptian fintech sector is witnessing a surge in debt financing as major players turn to securitization and bond issuances to fuel growth. The latest to join the trend is Fawry, the country’s leading digital payments company, whose subsidiary Fawry for Micro, Small, and...
