EFG Hermes, an investment bank in the Middle East and North Africa (MENA) region, has completed its advisory role for Sylndr on an EGP 370 million working capital facility.

Amenli, an Egypt-based insurtech broker licensed by the Financial Regulatory Authority (FRA), has bagged $2.3 million in a funding round to expand its operations and improve its services.

Egypt-based edtech platform Educatly has raised $2.5 million in its latest funding round.

Egypt-based fintech startup dopay has raised $13.5 million in a Series A extension round led by Argentem Creek Partners with participation from existing investors.

The payment solutions provider PaySky is currently working on automating the transfer of remittances from Gulf Cooperation Council (GCC) countries, such as Saudi Arabia and the UAE, to Egypt to facilitate the process.

The proptech startup Birdnest has successfully closed a significant pre-Series A funding round, led by major investors including Beltone Venture Capital, a wholly-owned subsidiary of Beltone Holding, and CI Venture Capital.

The global communication solutions provider CEQUENS unveiled that its business volume amounts to EGP 4 billion annually.

The Egypt-based patient-centric pharmacy benefits platform Chefaa has raised $5.25 million in a strategic leap from new and existing investors.

The Egyptian fintech start-up BLNK is planning to issue a new financing tranche via increasing its capital by $5-10 million.