Egypt’s Khazna banks $16M for its financial super app and expansion into Saudi

Quick Summary:

A large portion of Egypt’s population lacks access to traditional banking, forcing many to rely on cash transactions and informal lending.

Khazna, a fintech startup founded in 2019, is tackling this issue by offering financial services tailored for low- and middle-income workers.

The company provides solutions like salary advances, digital payments, and microloans to help employees and contractors access much-needed financial services.

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Article Details

Author / Journalist: Tage Kene-Okafor

Category: Technology

Markets: United StatesEgyptNigerNigeriaSaudi Arabia

Topics: Middle East Africa Saudi Khazna Exclusive Financial super app Fintech

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-04 @ 11:15:18 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 947 words

Reading Time: 6 minutes read

Sentences: 37 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 25886722

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