Pre-Seed

Seed

Series B

Series A

Unknown Series Round

Pre-Series A

Cairo

Basil Moftah

Rana Abdel Latif

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Investment in Startup

Learn about Nclude's contributions to technology and key investments. Explore Lucidity Insights for more.

Nclude

Nclude is a pioneering investment platform driving fintech innovation in Egypt and beyond. With a founder-centric approach, it empowers early and growth-stage entrepreneurs focused on financial inclusion.

Paymob

Finance

Payments

Mobile Payments

Financial Services

Paymob is a digital Payment enabler for emerging markets, helping small and large enterprises accept Payment online and in-store.

Debt Financing

Nawy

Property Management

Proptech

Real Estate

Residential

Property

Investments

Machine Learning

Artificial Intelligence (AI)

Property Rental

Mortgage

Nawy is a fully integrated platform delivering a seamless real estate experience for buyers, sellers, and investors.

Khazna

Fintech

Apps

A Financial Super App that offers easy to use, technology-driven  to Egypt’s underserved consumers and micro-businesses.

Money Fellows

Mobile Apps

Software

Information Technology

Credit

Money Fellows is a financial technology company that digitizes traditional money circles (ROSCAs) through a mobile app, allowing users to join flexible saving and lending groups with multiple payment options

Sylndr

E-Commerce

Mobility

Marketplace

Retail

Automotive

Cars

Sylndr is an automotive e-commerce marketplace that builds trust in the used-car market by offering customers a transparent platform to buy and sell high-quality vehicles with diverse financing options.

Lucky One

Lucky One is an app for credit products, offers and cashback rewards.

OneOrder

Food Delivery

Catering

Food and Beverage

Supply Chain

OneOrder offers the F&B industry a reliable, timely supply of quality goods with embedded financing, at a consistent price and without the stress of managing various suppliers on a daily basis, all

Sheikh Zayed

Grant

Grinta

Medical

Pharmaceuticals

Healthtech

Grinta is a pharmaceutical supply chain that uses AI and ML to empower local pharmacies.

Abu Dhabi

FlapKap

SaaS

Investment

Investment Management

Small and Medium Businesses

Business Development

FlapKap aims at helping e-commerce businesses and other consumer-facing industries like retail and restaurants scale their inventory and digital advertising through prompt funding, coupled with flexible repayment terms.

Partment

Partment is a proptech company transforming how people invest in and experience real estate through two smart solutions: fractional real estate and tech-enabled property management.

6th of October City

Mozare3

Agriculture

Technology

IT Services

IT Consulting

Agritech

AgTech

Farming

Mozare3 It is the leading agricultural technology company that works to bring about a radical change in the agricultural sector in Egypt and the Middle East and Africa region by providing financial and non-financial services across the value chain.

Nawy has raised $52 million in Series A funding, led by Africa-focused VC firm Partech Africa, validating its model of combining property listings with brokerage services.

Other notable investors participating in the round include Development Partners International’s Nclude Fund, e& Capital, Endeavor Catalyst, HOF Capital, March Capital Investments, Outliers, Plug and Play, Shorooq Partners, VentureSouq, and Verod-Kepple Africa Ventures.

Egypt’s Nawy, the largest proptech in Africa, raises $52M to take on MENA

Egypt-based B2B marketplace Grinta, has raised $8 million Seed funding co-led by Raed Ventures and Nclude, alongside other investors including Endeavor Catalyst and 500 Global, bringing its total funding to date to $9.5 million.
Founded in 2021 by Mohamed Azab, Yosra Badr, Ali Youssef, and Hamza Mohamed, Grinta gives pharmacies access to the full spectrum of traceable pharmaceutical and medical products from multiple vendors in addition to providing fulfilment, demand planning, and inventory financing. 
The funds will be invested to scale Grinta's full-stack tech platform, expand its team and accelerate its growth across the Egyptian market.

Grinta raises $8 million Seed round

&nbsp;

Sylndr, Egypt&rsquo;s leading used-car marketplace, today announced the closing of its $15.7&nbsp; million Series A equity round, led by Development Partners International (DPI) Venture&nbsp; Capital via the Nclude Fund, with participation from Algebra Ventures, Nuwa Capital, Raed&nbsp; Ventures, Egyptian Gulf Holding, Uncovered Fund, Beltone Venture Capital, and Camel&nbsp; Ventures.&nbsp;

This round supports Sylndr&rsquo;s mission to digitise and bring transparency to every aspect

Egypt’s Sylndr Raises $15.7M to Digitize Used-Car Market

Cairo-based used-car platform Sylndr has raised $15.7 million in a Series A equity round, led by DPI Venture Capital via the Nclude Fund, with participation from Algebra Ventures, Nuwa Capital, Raed Ventures, Uncovered Fund, Beltone Venture Capital, and Camel Ventures.
Founded in 2021 by Omar El Defrawy, Sylndr allows customers to buy and sell their cars as well as find financing solutions. 
The funding will be used to accelerate Sylndr’s expansion across Egypt, enhance its pricing intelligence, inventory, and fintech capabilities, and strengthen partnerships with dealers, lenders, and service providers.
In November last year, Sylndr secured a $7.46 million capital facility tailored specifically to the unique dynamics of Sylndr’s business model.

Sylndr closes $15.7 million Series A to drive automotive innovation in Egypt

The fund has already made its first investments in four companies. These are:

Khazna: A financial Super App that offers convenient, technology-driven financial solutions to underserved consumers
Lucky: Egypt’s consumer fintech app, offering instalments, offers, cashback rewards and credit.
Mozare3: meaning farmer in Arabic, is an Agri-fintech platform that provides smallholder farmers with direct access to inputs financing, markets, and hands-on technical support.
Paymob: A digital payment service provider.

Nclude Invests in Four Fintechs Following Approval by the Central Bank of Egypt

OneOrder, the tech supply chain and logistics solution that has revolutionised the hotel, restaurant, and catering (HoReCa) industries in Egypt, announces that it has raised $16 million in equity and debt in a Series A round to expand into the GCC region, beginning with the UAE. The round is led by previous investor Delivery Hero Ventures, with participation from Norrsken22 as well as Egypt-based Nclude and A15. This follows a $1 pre-Seed and $3 million seed round in February and December 2022, respectively.

OneOrder raises $16 million Series A to propel GCC expansion plans

OneOrder, the Mena-based fintech-enabled restaurant management platform providing food supplies to hotels, restaurants and cafes, has today announced the close of a $3m Seed round. Led by Nclude, this round also sees follow-on investment from leading Mena early-stage VC, A15. New to the round is Delivery Hero Ventures, a fund backed by global food delivery giant Delivery Hero, whose managing partner, Brendon Blacker, joins the OneOrder board. Today’s announcement brings the company’s total investment to $10.5 million, following an initial $1 million pre-Seed investment, led by A15, and $6.5 million in working capital financing from multiple local NBFIs.

OneOrder raises $3 million Seed

OneOrder, Egypt’s supply chain solutions provider for restaurants, has raised $3 million seed funding led by Nclude, with participation from A15 and Delivery Hero Ventures. The latest funding brings the total funding raised by the startup to $10.5 million, including $6.5 million working capital financing from financial institutions.

With $3M new funding, Egyptian startup OneOrder sets out on growth drive

Egyptian startup OneOrder, a fintech-enabled restaurant management platform providing food supplies to hotels, restaurants and cafes, has announced the close of a US$3 million seed round to help it scale various aspects of its operations.
Led by Nclude, the startup’s US$3 million seed round also sees follow-on investment from leading MENA early-stage VC A15. New to the round is Delivery Hero Ventures, a fund backed by global food delivery giant Delivery Hero, whose managing partner Brendon Blacker joins the OneOrder board. The announcement brings the company’s total investment to US$10.5 million, following an initial US$1 million pre-seed investment, led by A15, and US$6.5 million in working capital financing from multiple local NBFIs.

Egypt’s OneOrder secures $3m seed round to help it expand

OneOrder, a FinTech-enabled restaurant management platform providing food supplies to hotels, restaurants and cafes, raised $3 million in a Seed round led by Nclude. The round also includes a follow-on investment from A15. Delivery Hero Ventures, a fund backed by global food delivery company Delivery Hero, also joined the round and its Managing Partner, Brendon Blacker, joined OneOrder’s board.

OneOrder, Egypt’s B2B marketplace, raises $3m in a seed round

OneOrder, an Egypt-based logistics startup, raised $16 million in equity and debt in a Series A round. The funds will support its expansion into the Gulf Cooperation Council (GCC) region in late 2024, focusing on customer financing solutions and platform enhancements.
The round was led by Delivery Hero Ventures, with participation from Norrsken22, Egypt-based Nclude, and A15. This follows a $3 million seed round to strengthen its in-house operations in February 2022.

Egypt’s OneOrder secures $16m in Series A to enter new Gulf markets

To revolutionize the hospitality supply chain sector, OneOrder, the innovative tech solution transforming hotel, restaurant, and catering industries in Egypt, has announced a successful Series A funding round, raising $16 million in equity and debt. Spearheaded by Delivery Hero Ventures, the round saw notable participation from Norrsken22, Egypt-based Nclude, and A15.

OneOrder Secures $16M Funding, Targets Hospitality Supply Chain Revolution

Egyptian-based tech startup OneOrder has announced the closure of a $16 million Series A funding round. Spearheaded by Delivery Hero Ventures, the round saw participation from Norrsken22, alongside existing investors Nclude and A15.

OneOrder Secures $16 Million Series A Funding

FlapKap, a UAE-based fintech platform offering revenue-based financing solutions, has raised $34 million through a combination of debt and equity funding, bringing its total funding to $37.6 million.

The fundraising round was led by BECO Capital with new investment from Pact VC, said FlapKap, which was originally established in Egypt, according to a company statement.

The round also witnessed participation from existing investors, including A15, Nclude, and QED Investors, alongside debt financing from Channel Capital.

The proceeds of the funding round will be used to expand FlapKap’s capabilities in the UAE and GCC region, deploying more capital to empower small and medium enterprises (SMEs) in the space and helping them maximise their growth potential.

UAE-Based Fintech Platform FlapKap Raises $34M In Pre-Series A Funding Round

In a country where 50% of its 100 million people are active smartphone users, two out of every three individuals have little or no access to formal financial services in Egypt. 

With banks doing their best to deepen financial services to the underbanked and unbanked across the North African country, startups are also playing their part. One such provider is Cairo-based Khazna — a self-described “financial super app” that has raised a $38 million Series A in debt and equity. The company has received a total of $47 million since its inception.

Egyptian financial super app Khazna raises $38M from Quona Capital and Lendable

Egyptian super-app, Khazna, has announced the raise of $38 million Series A round in equity and debt, as it continues to spread its fintech products across Egypt. The equity side of the investment was led by US-based impact investor, Quona Capital, with participation from recently launched fund, Nclude by Global Ventures, Austria’s Speedinvest, KSA’s Khwarizmi Ventures and Egypt’s Algebra Venture, as well as Accion Venture Lab, Disruptech, AB Accelerator by Arab Bank and CVentures.

Egyptian Fintech Super-App Khazna Raises $38M Series A Round

Egypt-based fintech startup Khazna, received an investment of 16 million dollars in the pre-Series B round. As well as existing investors to the investment round TIBAS Ventures, the Speedinvest, the SANAD Fund for MSME, the anb capital, the Aljazira Capital, the Khwarizmi Ventures, the Nclude, the ICU Ventures, the Quona Capital and the DisrupTech Ventures companies such as also participated

Fintech startup Khazna received an investment of 16 million dollars in the tour attended by TIBAS Ventures

Cairo – Egypt-based fintech Khazna has closed a $16 million pre-Series B funding round to fuel its growth by applying for a digital banking license in Egypt and expanding into the Saudi market.

The fundraising transaction was led by SANAD Fund for MSME, anb Seed Fund, Aljazira Capital, Khwarizmi Ventures, Nclude, ICU Ventures, Quona, Speedinvest and Disruptech Ventures, according to a press release.

Cairo-based Khazna to boost Saudi expansion via $16mln funding

Egyptian prop-tech startup Partment has raised $1.5 million in a pre-seed funding round led by Nclude and Plus Venture Capital (+VC), with participation from angel investors. The funds will be used to enhance the platform's infrastructure and deploy its MVP, aiming to revolutionize real estate ownership in Egypt and beyond.

Egyptian prop-tech startup Partment raises $1.5m funding

Partment raised a Pre-Seed funding round led by Nclude and Plus Venture Capital (+VC), with participation from angel investors. The company offers a digital platform for second home co-ownership, providing property management and optimizing utilization. The funding will help Partment scale its business in Egypt and the region.

Egypt’s Partment raises $1.5 million pre-Seed round

The funding round, Egypt’s largest Fintech Series A round so far, was led by Nclude Fintech Fund by Global Ventures.
Proceeds will be used to increase market leadership and build out Lucky’s credit capabilities as customers become more educated and experienced using credit.

Fintech startup Lucky raises $25 million in Egypt's biggest Series A funding round

Money Fellows, a leading fintech platform in Africa, has raised $13 million in its latest funding round, bringing total investments since its inception to over $60 million. The investment, co-led by Al Mada Ventures and DPI Venture Capital, among others, will enhance its digital platform to support an expanding user base of over 8.5 million and partnerships with over 350 regional collaborators. The funds will facilitate the company's expansion into new markets, particularly North Africa, modernizing traditional savings methods and promoting financial inclusion. Founded in 2017 by Ahmed Wadi, Money Fellows aims to revolutionize financial services by digitizing community-based savings and creating accessible financial tools for underserved populations. Upcoming events like the 2025 Africa Cup of Nations and the 2030 FIFA World Cup are expected to further accelerate digital finance adoption in the region.

Money Fellows Secures $13M Pre-Series C to Scale Across North Africa

While most African digital lenders depend on working capital to fuel growth, MoneyFellows has quietly done what few others have: lend billions of Egyptian pounds with almost no debt or balance sheet exposure.

Now, after raising $13 million in a pre-Series C round led by Casablanca-based Al Mada Ventures and DPI’s Nclude Fund, the Cairo-based fintech says it’s ready to shift from steady growth to regional expansion.

The round, which also drew participation from Partech Africa and CommerzVentures, brings the company’s total funding to just over $60 million.

MoneyFellows raises $13M to take its group savings model outside Egypt

Egypt-based fintech Paymob has raised $50 million in Series B funding, led by Kora Capital, PayPal Ventures, and Clay Point.

Paymob raises $50 million Series B round

Egypt-based fintech Paymob has raised a $22 million Series B extension round, bringing the company’s total Series B funding to $72 million.

Nclude

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 3 sectors we invest in

Portfolio Companies
or Investments

Executive Team Members

Nclude

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 3 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

Portfolio Companies
or Investments