Arab Finance: DisrupTech, an Egyptian venture capital firm, is considering launching a $70 million fund to support startups by 2026, Founder and Managing Partner Mohamed Okasha told Asharq Business.

Okasha disclosed that the firm plans to invest $16 million in fintech companies over the next 18 months.

Currently, seven to eight potential startups are being evaluated for investment, he said.

Disruptech previously established a $36 million fund in 2021, which has backed several companies in the fintech sector.

The new fund is expected to be launched after the closure of the current one, although the specific areas of investment are still undecided.

Challenges and Triumphs: Egyptian Startups on the Road to Success Updated 10/15/2024 8:00:00 AM

Agiba Petroleum makes $417M investments in FY2023/24 Updated 10/14/2024 3:02:00 PM

PayTabs Egypt teams up with Global Corp's Ollin to enhance e-payment solutions Updated 10/9/2024 4:16:00 AM

SCZONE, Ebda collaborate to promote investments, manufacturing localization Updated 10/8/2024 2:51:00 PM

Egypt seeks to empower private sector as key driver of economic development Updated 10/7/2024 11:11:00 AM