Agel
Pre Seed Round in 2023
Agel is a company focused on transforming the financial services landscape for micro, small, and medium enterprises (MSMEs) by providing a B2B payment platform that offers alternative financing options. Its primary objective is to facilitate and streamline transactions between wholesale and retail merchants, allowing them to access industry-agnostic merchandise credit limits. Agel's services are designed to be digital, cashless, and compliant with Sharia law, thus promoting financial inclusion and sustainability in alignment with the UN Global Sustainable Development Goals and Egypt’s 2030 vision. The company's initiatives aim to empower MSMEs, enhance financial literacy, eradicate the informal economy, and accelerate overall growth in the sector.
Lucky is a financial services company that operates an app designed to enhance the shopping experience by providing access to credit products, discounts, and cashback rewards. The app allows users to search for and coordinate their shopping, payments, and savings, offering discounts of up to 50% from a variety of merchants. With a mission to transform the shopping and payment landscape in the Middle East and North Africa, Lucky has successfully connected over six million users since its inception. The platform enables customers to utilize credit services and cashback rewards both in-person and online, facilitating easier access to credit while helping them save on purchases.
Elsewedy Electric
Debt Financing in 2019
El Sewedy Electric Co S.A.E. is an Egyptian manufacturing company founded in 1938 by the Elsewedy family. The company has established itself as a significant player in the machinery sector, with operations spanning multiple segments, including cables, construction, and electrical products. It manufactures and markets a wide range of cables, while its construction division focuses on projects related to power generation and electricity distribution networks. Additionally, the electrical products segment produces electric meters, transformers, and associated accessories. El Sewedy Electric has expanded its operations beyond Egypt, contributing to economic growth in various Middle Eastern, African, European, and Asian markets. The company aims to provide a comprehensive solution for its customers through its expertise in design, engineering, procurement, and construction.
Orange Egypt, formerly known as MobiNil , is the oldest mobile network operator in Egypt, founded on March 4, 1998. Orange provides voice and data exchange services, as well as 4G, 3G, ADSL and broadband internet.