Egypt’s VC darlings, cannabis cash, vaccine passport fight ...Middle East

Quartz - Economy
Egypt’s VC darlings, cannabis cash, vaccine passport fight
source : Quartz ( Middle East ) () 33
Hi Quartz Africa readers!From e-commerce to edtech to fintech, Egyptian startups are emerging as the preferred destination for global and regional investment, threatening to overtake South Africa, Kenya, and Nigeria.In June alone, Egypt’s startups came close to surpassing the $190 million they raised in 2020. Key deals include Cairo-based digital trucking marketplace startup Trella raising a $42 million funding round for expansion of its services; and Tejarra and MoneyHash, e-commerce and fintech startups, respectively, both raising undisclosed six-figure sums.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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