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Egypt’s booming startup scene is becoming the gateway to MENA


In the last few years, Egypt’s startup ecosystem has become one of the most vibrant on the continent, presenting rapid growth potential for the near future. According to a recent report by Startup Genome, Cairo, the country’s bustling capital, marked an overall increase of 60% in VC funding rounds over the past five years, and in 2021, saw a 156% increase in total VC funding rounds compared to 2020. Walking on the streets of Cairo, it’s now common to see colorful billboards bearing the distinct logo of Fawry, an e-payments platform which has gained funding big enough to attain unicorn…

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