Startupbootcamp-Pride Fintech Cairo is the first ever multi-partner backed FinTech accelerator program in Egypt. On 22nd May, SBC-Pride has held their first Demo Day, which gave the opportunity to attract investment, to 10 graduating startups. The startups showcased their ideas and business models in front of investors, entrepreneurship ecosystem stakeholders and industry experts.
The Demo Day took place on the back of a three month long intensive acceleration program, over 180 one-to-one matchmaking sessions, validation, awareness, engineering, pitching and growth hacking modules. All these resulted in 14 proof-of-concept engagements.
The 10 selected FinTech startups took the center stage to pitch their ideas and business model with one goal in mind; to raise funds for developing their business. It is hoped that these startups will contribute significantly to the Egyptian GDP and the country’s economic prosperity.
Prior to the event, the Managing Director of SBC-Pride FinTech Cairo, Ahmed Elsherif said: “With the Government of Egypt’s commitment to financial inclusion and the recent focuson digital finance, FinTech is emerging as one of the key verticals in the country’s entrepreneurship ecosystem.”
The SBC-Pride FinTech Cairo platform helps startups with industry expertise, access to a network of experts and mentors, and exposure, in association with the global accelerator network Startupbootcamp, and Pride Capital, the first ever FinTech focused venture capital fund in Egypt.
Pride Capital’s Co-founder and CEO, Rami El Dokany said: “We are proud to be showcasing the progress of our accelerated startups. We’ve got someinnovative ideas and concepts among our 10 startups, from cloud-based retail management, peer- to – peer saving tools to micropayment mobile wallets and automated syndicate services.”
Here’s the list of the startups who pitched on the Demo Day:
- ElGameya: Peer-to-peer Savings Tool
- El Zatona: Cloud Based Retail Management System
- Clix: Peer-to-peer Money Transfer
- Compareha: Online Marketplace for Financial Products
- Neqabty: Platform for Automated Syndicate Services
- Fawaterak: Billing and Online Payment Service
- Netsahem: Fundraising Platform for Charities
- XPay: Platform and Mobile Application for Smart, Cashless Communities
- Seventail: Open-source SaaS for Local Merchants
- Youspital: Digital Healthcare Services Platform
The partners of the program were key industry giants like the International Finance Corporation (IFC), AlexBank, Pharos Holding, Visa, German Agency for International Cooperation and Sustainable Development (GIZ), Ayady, Export Development Bank of Egypt (EBE) and Sanad’s Entrepreneurship Academy.