KlickIt, an Egyptian payment management system, has secured an undisclosed amount of funding from EFG Finance and the venture capital arm of dfin Holding – Camel Ventures.
Founded in 2017 under the name of Q-Less. KlickIt is a payment management and digital collection platform aiming to digitize payment services that will provide the perfect solutions for you, your business, and your customers.
To date Klickit has helped digitize the financial and operational processes for many educational and sports entities through processing millions in throughput, keeping them empowered to manage their payments and closely connected to their customers.
The investment will be used to build KlickIt’s tech stack, and deploy value-added services to cross-sell new services for the company’s large network of schools and universities as well as their rapidly growing customer base.
KlickIt has so far processed EGP 500+ million in different kinds of payment transactions for educational entities and is backed by partnerships with prominent market leaders, such as Banque Misr and e-finance, with several others in the company’s pipeline.
“We’re proud to be investing in KlickIt and backing its team. They have been proving their determination, grit, and ability to overcome challenges and to crack a highly lucrative market,” said Walid Hassouna, CEO at EFG Finance. “We believe the future of availing financing through valU on Klickit will provide superb and accessible services to their customer base and help catalyze the growth of the company.”
Shehab Marzban, CEO of Digital Finance (dfin) Holding the sponsor of Camel Ventures, added that “as strong advocates of Klickit and their impressive team, we committed to investing through Camel Ventures and its’ partners, with the focus to leverage our portfolio and network in creating value and synergies for Klickit supporting them to lead the digital transformation and financing space of the education sector.
”KlickIt is currently serving more than 55,000 Egyptian public schools, with over 25 million students, under the Ministry of Education. This is in addition to a private entities’ portfolio of 100 schools and nurseries of different sizes.
“We’re very proud to be backed by substantial entities like EFG Finance and dfin’s Camel Ventures, and we thank our investors for their continued support and trust in us,” said Saeed Talaat, Co-founder, and CEO of KlickIt.
“With this investment round, we look forward to solidifying our tech stack and scaling our services. Our partnerships over the last year with GEMS, Banque Misr, and most recently the Egyptian Ministry of Education, have been essential to our growth, and we plan on leveraging these experiences to spearhead the next chapter in our journey.
