Orange Ventures, a VC firm, has opened applications to its “Seed Challenge- Fintech Egypt” program. This will provide funding for one company with EUR500,000 (US$570,000).
Orange Ventures is the corporate VC for telecoms firm Orange Group. It opened its Orange Digital Centre at Cairo in December and launched its fintech seed competition.
Seed-stage Fintech companies based in Egypt are eligible to apply. They must not have raised more than EUR1 Million (US$1.14 Million) in equity funding.
The winning startup will be able to join the Orange Digital Centre for six month, receive workspace and mentoring programs, as well as pitch to Orange Egypt’s executive committee and discuss potential partnerships.
Applications are available here from February 15th.