Fintech Agel raises funds to support Egyptian MSMEs


Egyptian fintech Agel has announced it has successfully closed a pre-seed round for undisclosed seven-digit figure, led by MENA-focused venture capital firms, Plus Venture Capital (+VC), Seedstars International Ventures, Flat6labs, with participation of SEEDRA Ventures, Banque Misr Acceleration Program, and angel investors.

The newly raised funds will help Agel grow into a licensed non-banking financial institution, develop its products and expand on the local market.



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Posted on Jun 22, 2023
Region: Egypt
working capital
MENA, Agel, Plus Venture Capital, Seedstarts International Ventures, Flat6labs