Breakdown of the Egyptian Tech Ecosystem
16 October 2023•
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1/3rd of all startups in Egypt are eCommerce, retail-tech or fintech players
One in five startups in Egypt are e-commerce players as of the end of 2021 (which was the last time a study of this kind was conducted; don't worry, Lucidity Insights is working on a deep-dive report on Egypt for you). Egypt's second largest startup sector is fintech, though it has just over half the number of startups as in the e-commerce & retail-tech space. That said, Fintech was the category that birthed Egypt's first unicorn, Fawry - who exited via IPO in 2019. Digital health, or e-health, rounded out the top 3, with nearly 1 in 10 startups in Egypt being healthtech related.
Related: E-Payment Platform Fawry, Strives for Financial Inclusion of Banked and Unbanked Egyptians
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We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.
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