SYMPL now operates in more than 2,000 points of sale across Egypt, with over 800 merchants contracted to use its platform. The company’s active customer base has swelled to more than 85,000, out of a total of 240,000 registered users since its inception.
In addition to funding, the program provides startups with business training, industry mentorship, one-on-one consultations, and networking opportunities.
The ASEP 2024 program will provide critical support to 450 startups by fully covering travel expenses such as airfare, accommodation, local transportation, and visa costs.
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.
