Moniepoint investor takes over Egypt’s $105M Nclude with new venture fund
- DPI has taken over the management of Egypt’s $105 million Nclude Fund.
- Nclude was established in March 2022 by Egyptian state-owned banks and fintech partners.
- The fund aims to position Egypt as a leading fintech hub in the Middle East and Africa.
The takeover of the Nclude Fund by DPI is a promising development for Egypt's fintech ecosystem, indicating strong investor confidence and a commitment to innovation. This strategic move could lead to significant advancements in digital financial services, fostering greater financial inclusion and positioning Egypt as a key player in the fintech landscape of Africa.
