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Egyptian Payment Fintech KlickIt Closes First Funding Round

Boasting partnerships with the likes of Banque Misr, the startup is now poiased to take a giant leap on Egypt's bustlign fintech sector.

Date
02/12/2021 19:37

Cairo-based fintech startup KlickIt Egypt secured its first funding round with EFG Finance and Camel Ventures.

Founded under the name Q-Less in 2017, KlickIt is a payment management and digital collection platform, using integrated solutions to streamline end-to-end payment processes. Having processed over EGP 500 million and serving over 55,000 Egyptian public schools with 25 million students, KlickIt looks to use the investment to enhance their technological capabilities and cross-sell new services for its massive network of educational institutions.

The investment follows recent successes and partnerships with Egypt's Ministry of Education and Banque Misr, expanding their financial services to a larger consumer base.




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