Egypt’s Fintech SETTLE Secures USD 2 M in Pre-Seed Funding
- SETTLE raised USD 2 million in pre-seed funding.
- Funding round led by Shorooq Partners.
- Participation from El Sewedy Capital Holding, Acasia Ventures, and Plus VC.
The successful funding round for SETTLE indicates a growing interest in fintech solutions in emerging markets like Egypt. This could lead to increased competition and innovation in the financial technology sector, which is essential for modernizing business operations. Further discussion could explore the potential impact of such platforms on traditional banking systems and their role in enhancing financial inclusion.
