MENA’s Khazna Secures $16M to Drive Regional Growth & Digital Banking Ambitions
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Omar Saleh, Khazna Co-Founder & CEO
Khazna, a financial super app serving across the Middle East and North Africa, has announced the closure of its $16 million pre-Series B funding round. The funding is backed by prominent investors including SANAD Fund for MSME, anb Seed Fund, Aljazira Capital, Khwarizmi Ventures, Nclude, ICU Ventures, Quona, Speedinvest, and Disruptech Ventures.
This fresh injection of capital will propel Khazna on two fronts: securing a Digital Banking License in Egypt, and spearheading its strategic expansion into Saudi Arabia.
“This funding round is a testament to the dedication of Khazna’s team and our investors’ belief in our mission,” Omar Saleh, Co-Founder and CEO of Khazna, says. “As we expand into Saudi Arabia and strengthen our presence in Egypt, we remain committed to driving financial inclusion and delivering cutting-edge digital experiences across MENA.”
Founded in February 2020, Khazna offers technology-driven financial solutions tailored to Egypt’s underserved population, from salary and pension advances to prepaid cards and seamless bill payments.
Source: Startup Scene
Khazna
A Financial Super App that offers easy to use, technology-driven to Egypt’s underserved consumers and micro-businesses.
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.
Khwarizmi Ventures
Khwarizmi Ventures, a Saudi-based Venture Capital firm, has provided seed funding to prominent startups, supported founders, and expanded numerous regional companies with established traction in the MENA region.
Disruptech Ventures
Disruptech Ventures specializes in financial technology start-up investments.
Speedinvest
Speedinvest is a leading early-stage investor in Europe with a primary focus on founder success, offering unparalleled support throughout the entrepreneurial journey.
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