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35 Startups in Egypt to Watch This Year

March 27, 2025

In 2024, startups in Egypt secured $329 million across 78 funding rounds, maintaining a significant share of the continent’s venture capital despite global economic challenges.

This surge is attributed to a combination of government initiatives, increased investor interest, and a burgeoning community of innovators addressing both local and global challenges.

So in this article, we’ll discuss some startups in Egypt to watch this year, spanning various sectors and showcasing the dynamism of Egypt’s entrepreneurial scene.

35 Startups in Egypt to Watch This Year

1. Fawry

As Egypt’s largest digital payment network, Fawry processes approximately 9 million daily transactions. Its services, including ‘Buy Now, Pay Later’ options and extensive partnerships, have significantly advanced financial inclusion in the country.

2. Paymob

Serving over 350,000 merchants, Paymob offers tools like “Tap on Phone” and has collaborated with major financial institutions such as Mastercard. Its efforts have been pivotal in expanding digital payment solutions across Egypt.

3. MNT-Halan

Leading in microfinance, MNT-Halan provides digital lending and tailored financial solutions for underserved communities. In July 2024, it secured a $157.5 million funding round, underscoring its impact and growth potential.

4. Valu

Valu simplifies consumer financing through its Buy Now, Pay Later model, bridging traditional retail and modern digital services. Founded in 2017, it has become a trusted brand in Egypt’s fintech market.

5. Lucky Financial

Combining cashback rewards with financial services, Lucky focuses on underbanked users and regional expansion. With 8 million users and 30,000 merchant partners, it has achieved a 250% year-on-year growth in gross merchandise value.

6. Dopay

Dopay offers digital payroll solutions for unbanked workers in emerging markets. In July 2024, it raised $13.5 million in a Series A extension round, aiming to expand its services in Egypt and beyond.

7. Synapse Analytics

Specializing in artificial intelligence solutions, Synapse Analytics secured $2 million in funding to expand its AI offerings across the GCC and Africa, transforming financial services and other sectors.

8. Cartona

Cartona is a B2B platform transforming Egypt’s traditional trade market by connecting retailers directly with wholesalers and suppliers. It completed an $8.1 million Series A extension round, enhancing efficiency in the supply chain.

9. Educatly

An ed-tech platform, Educatly raised $2.5 million to expand its global network in higher education. Launched in 2020, it uses AI to help students and universities connect worldwide.

10. El Kheta

El Kheta is an online educational platform that secured a $400,000 investment to enhance Egyptian students’ academic success through customized study plans and interactive content.

11. EYouth

Founded in 2016, EYouth designs and builds online training courses aimed at helping young people develop their careers. It partnered with local businessmen to launch NextEra Education, a $41 million initiative to modernize Egypt’s education system.

12. NextEra Education

A collaboration between EYouth and prominent business figures, NextEra Education aims to overhaul traditional curricula and integrate advanced AI technologies, bringing world-class education to Egypt.

13. T-Vencubator

T-Vencubator is a venture capital firm and incubator that launched the “Where’s the Problem?” investment program. It aims to invest in five Egyptian startups by 2025, providing financial backing and incubator services.

14. UVAII Venture Studio

Expanding operations to Egypt, Saudi Arabia, and Bahrain, UVAII targets early- and growth-stage startups, focusing on gaming, ed-tech, and sports tech. It plans to invest between $100,000 and $600,000 per startup.

15. Anūt Cairo

Anūt Cairo is a lifestyle brand based in Egypt, blending traditional craftsmanship with modern design. Its projects, like the refurbishment of the sailing boat Nanusa, showcase Egyptian art and craftsmanship.

16. Vezeeta

Vezeeta is a digital healthcare platform that allows patients to find doctors and book appointments online. It has expanded its services across the MENA region, enhancing access to healthcare.

17. Swvl

Swvl is a tech-enabled mass transit solution, offering affordable and convenient bus rides. It has expanded to multiple countries, addressing urban transportation challenges.

18. Instabug

Instabug provides real-time contextual insights for mobile apps, helping developers identify and fix bugs efficiently. It serves clients globally, including major tech companies.

19. MaxAB

Founded in 2018, MaxAB is a leading B2B e-commerce platform that connects food and grocery retailers to suppliers across Egypt and Morocco. By November 2022, it had served over 150,000 retailers and fulfilled more than 2.5 million orders.

In June 2022, MaxAB raised $40 million in a pre-Series B round, bringing its total funding to $102 million. The startup plans to use the new funding to expand across the Middle East and North Africa.

In December 2023, MaxAB merged with Kenya-based Wasoko, Africa’s largest B2B e-commerce player, to strengthen its position in the continent’s e-commerce landscape. However, in October 2024, co-founder Ahmed Badreldin Halim exited the company, marking a significant leadership change.

20. Grinta

Grinta is a health-tech startup revolutionizing the pharmaceutical supply chain in Egypt. It offers a digital platform that connects pharmacies with a wide range of suppliers, ensuring timely and efficient delivery of medicines and medical products. Grinta’s innovative approach addresses challenges in the healthcare sector, improving access to essential medications for communities across the country.

21. FlapKap

FlapKap is a fintech startup providing revenue-based financing solutions for e-commerce businesses in Egypt. By offering flexible funding options, FlapKap enables online retailers to scale their operations without diluting equity. This model supports the growth of the e-commerce sector by addressing the unique financial needs of digital entrepreneurs.

22. Mammy

Mammy is a health-tech platform dedicated to supporting maternal and child health in Egypt. It provides expectant and new mothers with access to medical consultations, educational resources, and community support. Mammy’s comprehensive approach empowers women with the knowledge and tools needed for a healthy pregnancy and early motherhood.

23. Crowd Analyzer

Crowd Analyzer is a social media monitoring platform specializing in Arabic content. It utilizes advanced artificial intelligence to analyze and interpret social media conversations, providing businesses with valuable insights into consumer sentiments and trends. Crowd Analyzer’s services are crucial for brands aiming to engage effectively with Arabic-speaking audiences.

24. Kngine

Kngine is an AI-driven knowledge engine designed to understand and answer user queries accurately. It processes information from various sources to provide precise and contextually relevant responses. Kngine’s technology has applications in virtual assistants, customer support, and information retrieval systems, enhancing user experiences across platforms.

25. Shift EV

Shift EV is an electric mobility startup focused on converting existing vehicles into electric ones. By offering conversion kits and services, Shift EV aims to accelerate the adoption of electric vehicles in Egypt, contributing to environmental sustainability and reducing reliance on fossil fuels. Their innovative approach makes electric mobility more accessible and affordable for a broader audience.

26. Elk

Elk is a fintech startup that has been making significant strides in Egypt’s financial technology sector. While specific details about their services and achievements are limited, their inclusion in various startup rankings indicates a growing presence in the market.

27. EpicVR

EpicVR specializes in virtual reality solutions, aiming to transform industries such as education, entertainment, and real estate in Egypt. Their innovative approach to immersive experiences positions them as a notable player in the country’s tech landscape.

28. Quest

Quest is a startup focused on providing unique solutions in the Egyptian market. Although detailed information about their offerings is scarce, their recognition among top startups suggests a promising trajectory.

29. BioHorizons

BioHorizons operates in the biotechnology sector, contributing to advancements in medical and agricultural technologies in Egypt. Their work underscores the potential of biotech innovations in addressing local challenges.

30. Nexta

Nexta is a fintech company aiming to redefine digital banking experiences in Egypt. By offering user-friendly financial solutions, Nexta seeks to enhance financial inclusion and convenience for its users.

31. Breadfast

Breadfast is an online grocery delivery service that has gained popularity for its efficient and timely deliveries. They offer a wide range of products, from fresh bakery items to household essentials, catering to the evolving needs of Egyptian consumers.

32. DXwand

DXwand specializes in AI-driven customer service solutions, providing businesses with tools to enhance customer engagement and support. Their technologies help companies automate interactions, leading to improved customer satisfaction.

33. Educatly

Educatly is an edtech platform connecting students with educational opportunities worldwide. By offering a comprehensive database of universities and programs, Educatly assists learners in making informed decisions about their academic futures.

34. NowPay

NowPay is a financial wellness platform that enables employees to access their earned salaries before payday. This service aims to reduce financial stress and improve productivity by offering flexible financial solutions to employees.

35. Rology

Rology is a telemedicine platform connecting healthcare providers with radiologists for timely and accurate diagnoses. By addressing the shortage of radiologists, Rology enhances the efficiency of medical imaging services in Egypt.

These mentioned 35 startups in Egypt exemplify the vibrant and diverse entrepreneurial landscape in Egypt. Their innovative solutions across various sectors not only address local challenges but also position Egypt as a significant player in the global startup ecosystem. As these companies continue to grow and evolve, they contribute to economic development, job creation, and technological advancement in the region.

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