Dayra, a Cairo-based fintech firm, has entered Y Combinator’s Winter 2021 batch and raised the area’s largest debt and fairness Pre-Seed spherical, totaling $3 million.
Tanmiya Capital Ventures, EFG EV Fintech, EFG Hermes, and Y Combinator, in addition to plenty of distinguished angel buyers, led the Pre-Seed spherical of funding.
Dayra’s founder and CEO, Omar Ekram, speaks in regards to the funding and becoming a member of Y Combinator.
“We’re ecstatic to be part of YC’s W21 batch and to have accomplished our pre-seed spherical.
This can be a important step towards realizing our imaginative and prescient of providing probably the most inexpensive monetary companies resolution within the Center East and North Africa.
In addition to bringing digital monetary companies to hundreds of thousands of financially excluded folks, because of our strategic partnership with EFG Hermes.”
With the brand new funding, the startup plans to double its employees, broaden the corporate, and develop new product options.
The fintech startup, based by Omar Ekram in 2020, goals to supply a wide range of monetary companies to the area’s unbanked gig-workers and micro-businesses.
Dayra developed an bold resolution for Egypt’s unbanked inhabitants in response to the nation’s rising monetary exclusion.
Additionally, the fintech startup is ready to present monetary choices like digital financial institution accounts, pay as you go playing cards, and fast entry to credit score at decrease charges than typical lenders.
