Disruptech Egypt Fund I (“Disruptech”), is a venture-capital fund dedicated to developing Egypt’s financial technologies (“Fintech”) ecosystem by supporting start-ups and is nurturing a growing number of companies in adjacent sectors that are accelerating financial inclusion. This fund supports start-ups, from seed-round investments to scaling and eventual expansion. The fund manager’s commitment to helping grow Egypt ́s fledgling fintech industry aligns with its broader mandate to expand access to financial services across the country, bolstering financial inclusion and supporting economic growth in Egypt.
Disruptech and AXIAN share the belief in fintech as a way to bring socially relevant solutions to the market. AXIAN ́s commitment to Disruptech underscores its strategy, which posits that advances in innovation and disruptive technologies can improve people ́s day- to-day lives. This investment is fully-aligned with AXIAN group’s mandate to grow within the digital economy by promoting innovation-as-a-service to the communities it serves and by making new innovative solutions more accessible to the public. AXIAN has been present in several African countries and the partnership will allow Disruptech to create a platform that can identify synergies with its brands and start ups in Egypt’s fintech and digital economies.
We are delighted with our partnership with Axian. We are thrilled to have partnered with Axian. Egypt is home to many bright and talented entrepreneurs. However, too often they don’t have the capital they need in order for them grow their businesses. This fund is intended to change this and help Egypt’s fintech/fintech-enabled sector. Mohamed Okasha, Disruptech’s Managing Partner.
The Egyptian economy is one of Africa ́s fastest-growing markets. It is a testament to the resilience and talent that are so important to Africans. Through this investment, AXIAN is voicing its support for businesses to push the boundaries of technology, to reinvent themselves or adapt today ́s technology to what challenges the future may hold. By doing so, we can continue to create bridges for innovation and skills sharing that will benefit wider financial inclusion across Africa. Hassanein Hiridjee CEO, AXIAN Group.