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allafrica - 1 month ago

Egypt: Sequoia Leads $5m Pre-Seed in Egypt s 1-Month-Old Digital Bank Telda

[TechCrunch] Egypt has a population of over 100 million people. The country has a high mobile and internet penetration necessary for a young and tech-savvy population with 61% below 30. But despite its youthful population, two out of every three individuals are currently unbanked in Egypt. It s the same situation in MENA, where only 40% of the population have access to a bank account.


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