Khazna Raises $16M Pre-Series B to Boost E-Banking in Egypt & KSA
The funding is backed by prominent investors including SANAD Fund for MSME, anb Seed Fund, Aljazira Capital and Speedinvest.
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.
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