COREangels MEA, in partnership with PTS Holdings and the Arab Academy, has launched a $10 million investment fund targeting early-stage startups across the Middle East and Africa.
During its 5th Investment Committee in Cairo, the fund selected five standout fintech startups from over 1,000 applicants to receive up to $150,000 in funding each under theme “Fintech as the Foundation for Inclusive Growth”.
From over 1,000 applications, five standout fintech startups were selected:
- eMaisha Pay, based in Uganda, empowers farmers with access to savings tools, crop insurance, and microloans.
- RentBeta, active across East Africa, enables flexible rent payments and automates landlord collection systems.
- Aqua Offers, an Egypt-based platform, provides an intelligent, performance-based solution for loyalty programmes and instant savings.
- Monak, serving migrant communities in MENA, offers bundled financial, health, and insurance services through a single platform.
- Reeple, based in Nigeria, simplifies international payments for African freelancers and remote workers.
Founded by Maha Mandour, the fund leverages a hybrid model combining global angel investors, local expertise, and an innovation studio to back tech startups aligned with the UN Sustainable Development Goals (SDGs).
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