Egypt-based fintech company Khazna has raised $16 million in a pre-Series B funding round.
The round included new and existing investors such as SANAD Fund for MSME, anb Seed Fund, Aljazira Capital, Khwarizmi Ventures, Nclude, ICU Ventures, Quona, Speedinvest, and Disruptech Ventures.
Founded in 2020 by Omar Saleh, Ahmed Wagueeh, and Fatimah El Shenawy, Khazna focuses on providing financial services to underbanked Egyptians, offering solutions like general-purpose credit, BNPL (Buy Now, Pay Later), and bill payments. With this fresh capital, Khazna plans to apply for a digital banking license in Egypt and expand into Saudi Arabia, aligning with Saudi Vision 2030, which promotes digital financial services.
Previously, in March 2022, Khazna secured $38 million in a Series A round (equity and debt), bringing its total funding to over $63 million to date.
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