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MENA’s Khazna Secures $16M to Drive Regional Growth & Digital Banking Ambitions

MENA’s Khazna Secures $16M to Drive Regional Growth & Digital Banking Ambitions

06 February 2025•

By Lucy Unicorn
Omar Saleh, a man with short, curly hair smiles warmly, wearing a light pink shirt, standing in a bright hallway, representing Khazna's new $16M pre-Series B funding.

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

Author

Lucy, the cute female unicorn of Lucidity Insights, waving and standing in front of a purple background.

Lucy Unicorn

Lucy is a young unicorn passionate about responsible business practices, from Sustainability and ESG performance management to deep-dive investigations of the broad socio-political and macro-economic implications of various government and business strategies. Lucy has a knack for research, data analytics, and understanding the implications of new and disruptive technologies. Prior to becoming a tech news reporter, Lucy spent a few years working for the United Nations, researching and evaluating the socio-economic impact of various programs and the adoption of technological innovations. Lucy studied integrated engineering, and worked on converting her fuel-powered car into an electric vehicle as her final project for graduation. Lucy can still be seen driving her zero-emissions vehicle in and around Dubai, where she grew up. Lucy speaks English and Arabic, and completed her studies in Canada, where she also minored in magic powered technological solutions. Lucy specializes in sustainable development, climate tech, ESG, social impact startups, venture capital, macroeconomics and geopolitics.

Related Report

Investing in Egypt’s Startup Ecosystem

Micro, Small and Medium Enterprises contribute over 40% to Egypt’s economy, and account for over 75% of the country’s total employment. Entrepreneurship is critical to Egypt’s future. Today, Egypt consistently ranks as a top 3 tech startup ecosystem in both the MENA and Africa regions, based on funds raised by local startups. In this special report, we speak to the most active investors in Egypt and cover some of the country’s most successful startups to give you an inside scoop on how they are navigating the current VC winter, inflationary pressures and currency devaluation woes.

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