Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » EGY Claps » Startup Spotlight 💡 » Khazna secures investment of $38 million💰

Khazna secures investment of $38 million💰

by Ziad Amin
March 31, 2022

The Clap
Fintech startup “Khazna” managed to secure $38 million in a Series A round.

Khazna is a fintech-based startup aiming to make financial services available for those who don’t have access to formal financial services. It offers General Purpose Credit, Buy Now Pay Later and bill payment services.

The deets
The new investment scaled up Khazna’s total investment to $47 million since its launch in 2020. 

The funding was led by Quona Capital with the participation of Speedinvest, Nclude, Khawarizmi Ventures, Algebra Ventures, Accion Venture Lab, Disruptech, AB Accelerator by Arab Bank, and CVentures, among others. The debt financing was provided by Lendable.

Why this matters?
The new investment will allow Khazna to increase its effort into solutions for informal cash-driven alternatives in Egypt through advanced digitizing plans and creative business models.

Claps Class
What’s (Series A) funding round?

It’s an investment injected into startup companies after showing a robust business model and establishing a potential for growth. It differs from Seed funding that is carried out in a startup’s early stage in the money involved. Series A financing is held by major venture capital and private equity firms, usually in return for some interest in the startup company.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Startup Spotlight 💡

MNT Halan valued at $1 billion

by Shams Abbas
February 2, 2023
Financial Services 💸

CI Capital on the lookout for investment opportunities

by Shams Abbas
January 31, 2023
Financial Services 💸

Faisal Islamic Bank sees strong earnings

by Shams Abbas
January 24, 2023
Financial Services 💸

EFG’s valU eyes EGP 4.5 billion securitized bonds issuance

by Shams Abbas
January 22, 2023
B Investments plans to invest EGP 2bn into healthcare and F&B 💰
Financial Services 💸

B Investments plans to invest EGP 2bn into healthcare and F&B 💰

by Omar El Shorafa
January 19, 2023
Financial Services 💸

EFG Hermes to start exiting from Jordan, Pakistan and another market

by Omar El Shorafa
January 17, 2023

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)