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§ Private Profile · Cairo, Al Qahirah, Egypt
Banking-as-a-Service fintech platform providing white-label card issuing and digital payments for non-financial businesses in Africa.
Connect Money is an Egyptian BaaS platform that provides white label card issuing and embedded finance solutions for nonbank businesses. The company enables enterprises to offer debit and credit cards to their customers without building proprietary fintech infrastructure or obtaining regulatory licenses. Operating on a subscription model, the platform manages KYC verification, customer support, and mobile app development, providing access to a network of over 20,000 marketplace partners while having already issued 300,000 cards. In June 2024, the enterprise secured an $8 million seed funding round backed by lead investors DisrupTech Ventures, Algebra Ventures, and Lorax Capital Partners. The capital will support the launch of five new business verticals and facilitate geographic expansion into North African markets including Morocco and Kenya. Connect Money was founded in 2024 by Ayman Essawy, Marwan Kenawy, and Momtaz Moussa.
Connect Money has raised $8.0M across 1 funding round.
Connect Money has raised $8.0M in total across 1 funding round.
Connect Money has raised $8.0M in total across 1 funding round.
Connect Money's investors include Algebra Ventures, Disruptech Ventures, Lorax Capital Partners.
Connect Money has raised $8.0M across 1 funding round. Most recently, it raised $8.0M Seed in June 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 24, 2024 | $8M Seed | Algebra Ventures, Disruptech Ventures, Lorax Capital Partners | — | Announced |